Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2967 62nd St Miami, FL 33147-7631

    • Outlet malls
    • 2,105 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1672332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A-Betta Bail Bonds / Bail Bonds Service
    • Gift Gazelle / Gift Shop

    Property Details for 2967 62nd St

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Property size
    2,105 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Outlet malls
    APN
    30-3116-003-0340
    APU
    3031160030340

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $824,000
      Market price range: $594k - $2.46M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2445
    Latitude
    25.8314
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,382
    $130,050
    $91,322
    $221,372
    -
    $130,050
    $91,322
    $221,372

    Comparable in this City

    • Value Estimation
      $5,105,000
      12,544 SF

      9360 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,544 SF
      9360 27th Ave, Miami, FL 33147-3004
      View Details
    • Value Estimation
      $800,000
      2,903 SF

      10331 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,903 SF
      10331 27th Ave, Miami, FL 33147-1224
      View Details
    • Value Estimation by Request
      779 SF

      6615 18th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 779 SF
      6615 18th Ave, Miami, FL 33147-7415
      View Details
    • Value Estimation
      $1,485,000
      2,387 SF

      3173 69th St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,387 SF
      3173 69th St, Miami, FL 33147-6637
      View Details
    • Value Estimation
      $680,000
      2,730 SF

      7606 17th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,730 SF
      7606 17th Ave, Miami, FL 33147-5655
      View Details
    • Value Estimation
      $745,000
      1,872 SF

      9300 17th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,872 SF
      9300 17th Ave, Miami, FL 33147-3106
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Modern Miami Shopping Center

      Miami shopping center built in 2017 with four storefronts.
      9150 NW 22Nd Ave, Miami, FL 33147
      View Details
    • $4,000,000
      8,667 SF

      Miami Storefront - $4M

      High-visibility retail space, ample parking.
      2173 62Nd St, Miami, FL 33147
      View Details
    • $2,900,000

      Miami Mixed-Use Retail Opportunity

      Mixed-use property with high traffic and development potential.
      3221 NW 79Th St, Miami, FL 33147
      View Details
    • $275,000

      Hialeah Auto Body Shop Opportunity

      Turnkey auto body shop for sale in prime Hialeah location.
      Turnkey Auto Body Shop For Sale In Prime Hialeah Location, Hialeah, FL 33147
      View Details
    • Contact for pricing

      Coral Way Retail Storefront Opportunity

      960 SQFT commercial storefront in prime Coral Way location.
      7435 SW 24Th St, Miami, FL 33147
      View Details
    • $2,100,000

      Little River Investor Special

      Four folios, six-story development potential in Miami Central District.
      1305 NW 79Th St, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,665 SF

      Retail Space in Liberty City

      Retail space available in anchored community shopping center.
      7900 Nw 27Th Ave, Miami, FL 33147
      View Details
    • $17 SF/Yr
      8,667 SF

      Miami Retail Space: 8,667 SF

      Free-standing retail building, fully vacant, high traffic location.
      2173 62Nd St, Miami, FL 33147
      View Details
    • $5,500 /Mo

      Miami Commercial Rental Opportunity

      High-visibility commercial space near Miami Central Senior High School.
      1605 NW 95Th St, Miami, FL 33147
      View Details
    • Contact for pricing
      7,069 SF

      Retail Space at Transit Village

      Retail space available in mixed-use, transit-oriented development.
      3160 NW 79Th St, Miami, FL 33147
      View Details
    • $4,200 /Mo

      Versatile Freestanding Commercial Space Available

      Freestanding office, restaurant, or retail space available for rent.
      1798 Nw 79Th St, Miami, FL 33147
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space Near Transit Station

      Retail space available in mixed-use development near Northside Metrorail.
      3101 NW 77Th St, Miami, FL 33147
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2967 62nd St
    Miami, FL 33147-7631
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.