Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    310 Sevilla Ave Miami, FL 33134

    • Automotive properties
    • 143,716 SF
    • 1.64 lot acres
    OFF-MARKET
    Last Sale
    Aug 08, 2023
    $55,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2316419
    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

    • Automotive properties

    Property Details for 310 Sevilla Ave

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    1.64 lot acres
    Property size
    143,716 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Automotive properties
    APN
    03-4117-005-4570
    APU
    341170054570

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2612
    Latitude
    25.7466
    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
    $597,713
    $28,600,000
    $9,833,611
    $38,433,611
    -
    $28,600,000
    $9,833,611
    $38,433,611

    Comparable in this City

    • Value Estimation
      $310,000
      4,994 SF

      5565 Flagler St

      VEHICLE SALES, RENTALS • 4,994 SF
      5565 Flagler St, Miami, FL 33134
      View Details
    • Value Estimation
      $1,485,000
      64,437 SF

      4181 8th St

      VEHICLE SALES, RENTALS • 64,437 SF
      4181 8th St, Coral Gables, FL 33134-2656
      View Details
    • Value Estimation
      $265,000
      9,167 SF

      4751 Flagler St

      VEHICLE SALES, RENTALS • 9,167 SF
      4751 Flagler St, Coral Gables, FL 33134-1470
      View Details
    • Value Estimation by Request
      1,665 SF

      5390 Flagler St

      VEHICLE SALES, RENTALS • 1,665 SF
      5390 Flagler St, Coral Gables, FL 33134-1148
      View Details
    • Value Estimation
      $360,000
      1,860 SF

      4130 8th St

      VEHICLE SALES, RENTALS • 1,860 SF
      4130 8th St, Miami, FL 33134
      View Details
    • Value Estimation
      $295,000
      900 SF

      5601 Flagler St

      VEHICLE SALES, RENTALS • 900 SF
      5601 Flagler St, Coral Gables, FL 33134-1067
      View Details

    Similar Nearby for Sale

    • $550,000

      Coral Gables Restaurant - For Sale

      Established French Bistro, Turnkey Operation
      0 Full Service Restaurant In Coral Gables, Coral Gables, FL 33134
      View Details
    • $165,000

      Coral Gables Cafe for Sale

      Profitable Restaurant, Established Business
      0 Cafe In The Beautiful City Of Coral Gables, Coral Gables, FL 33134
      View Details
    • Contact for pricing

      Retail Space on Miracle Mile

      Retail space on Miracle Mile in Coral Gables, Florida.
      332 Miracle Mile, Coral Gables, FL 33134
      View Details
    • $100,000

      Luxury Restaurant Business Opportunity

      Fully equipped restaurant business for lease in Coral Gables, FL.
      Miracle Mile- Restaurant For Sale, Coral Gables, FL 33134
      View Details
    • $145,000

      Turnkey Restaurant Opportunity in Coral Gables

      Fully equipped Latin Cuisine restaurant for sale in high-traffic area.
      4239 west Flagler St, Coral Gables, FL 33134
      View Details
    • $165,000

      Coral Gables Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, Excellent Lease
      550 Biltmore Way, Coral Gables, FL 33134
      View Details

    Similar Nearby for Lease

    • $0.11 SF/Yr
      6,224 SF

      Miracle Mile Retail Opportunity

      Prime Retail Bay, High Visibility, 6,224 SF
      361 Coral Way, Miami, FL 33134
      View Details
    • Contact for pricing
      4,275 SF

      Coral Gables Executive Office Suites

      Prime Coral Gables Office Space Available
      3707 1St St, Coral Gables, FL 33134
      View Details
    • Contact for pricing
      3,204 SF

      Coral Gables Retail & Restaurant Space

      Prime Coral Gables location, multiple spaces available.
      800 Douglas Rd, Coral Gables, FL 33134
      View Details
    • $48 SF/Yr
      12,095 SF

      Coral Gables Office/Retail Space

      Mediterranean-style buildings with open plaza and musical fountain.
      800-806 S Douglas Rd, Coral Gables, FL 33134
      View Details
    • $47 SF/Yr
      Pending

      Remodeled Retail/Office Space in Gables

      Remodeled office/retail space in Coral Gables, walk to Miracle Mile.
      337 Alcazar Ave, Coral Gables, FL 33134
      View Details
    • Contact for pricing
      2,648 SF

      Prime Retail Space in Coral Gables

      Former bank space in a Class A office building.
      2000 Ponce De Leon Blvd, Coral Gables, FL 33134
      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.
    310 Sevilla Ave
    Miami, FL 33134
    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.