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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3255 87th Ave Doral, FL 33172-1209

    • Hotels
    • 68,911 SF
    • 3.10 lot acres
    OFF-MARKET
    Value Estimations
    $3,665,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0715673
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Balloon Store / Candy Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 3255 87th Ave

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    3.10 lot acres
    Property size
    68,911 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Hotels
    APN
    35-3027-052-0050
    APU
    3530270520050

    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
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3359
    Latitude
    25.8039
    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
    $312,100
    $6,755,750
    $12,044,250
    $18,800,000
    -
    $6,755,750
    $12,044,250
    $18,800,000

    Comparable in this City

    • Value Estimation
      $8,785,000
      107,099 SF

      10234 19th St

      HOTEL • 107,099 SF
      10234 19th St, Doral, FL 33172-2534
      View Details
    • Value Estimation
      $20,150,000
      74,346 SF

      8730 27th St

      HOTEL • 74,346 SF
      8730 27th St, Doral, FL 33172-1612
      View Details
    • Value Estimation
      $1,200,000
      19,220 SF

      8700 33rd St

      HOTEL • 19,220 SF
      8700 33rd St, Doral, FL 33172
      View Details
    • Value Estimation
      $1,725,000
      2,500 SF

      1750 107th Ave

      HOTEL • 2,500 SF
      1750 107th Ave, Sweetwater, FL 33172-2895
      View Details
    • Value Estimation
      $9,675,000
      107,281 SF

      10250 19th St

      HOTEL • 107,281 SF
      10250 19th St, Doral, FL 33172-2534
      View Details
    • Value Estimation
      $16,615,000
      202,071 SF

      1695 111th Ave

      HOTEL • 202,071 SF
      1695 111th Ave, Sweetwater, FL 33172-1927
      View Details

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      Doral Warehouse with Office Space

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    Similar Nearby for Lease

    • $0.16 SF/Yr
      2,784 SF

      NW 107th Ave Office Space

      Fully remodeled office; 2,784 sq ft, all-inclusive rent.
      730 107 Ave, Doral, FL 33172
      View Details
    • $35 SF/Yr
      2,393 SF

      Doral Warehouse: 2,393 sq ft

      Single-tenant industrial warehouse in prime Doral location.
      1681 97 Ave, Doral, FL 33172
      View Details
    • $28 SF/Yr
      3,200 SF

      Sweetwater Office Space for Lease

      Prime Sweetwater Office, Warehouse & Retail
      11251 20Th St, Miami, FL 33172
      View Details
    • $36 SF/Yr
      2,163 SF

      Doral Flex Space: Prime Location

      2,196 SF Office, 9 Parking Spaces
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    • $0.11 SF/Yr
      714,820 SF

      Doral Office Space: 714,820 SF

      Brand new Doral office, single tenant, fully-amenitized.
      790 107Th Ave, Miami, FL 33172
      View Details
    • $29 SF/Yr
      1,302 SF

      Prime Dolphin Park Warehouse Space

      1,302 SF Warehouse/Office, Miami
      2061 112Th Ave, Miami, FL 33172
      View Details
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    3255 87th Ave
    Doral, FL 33172-1209
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    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
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