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    Property profile & analytics

    33590 Dixie Hwy Florida City, FL 33034

    • Outlet malls
    • 30,596 SF
    • 3.29 lot acres
    For Sale
    View listing
    $9,999,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2642357
    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

    • Outlet malls

    Property Details for 33590 Dixie Hwy

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    3.29 lot acres
    Property size
    30,596 SF
    Zone code
    6000:COMMERCIAL,GENERAL
    Property type
    Outlet malls
    APN
    16-7919-000-0010
    APU
    1679190000010

    Description

    This exceptional investment opportunity presents a 30,000-square-foot Best Buy storefront on a 3.29-acre lot in Florida City, Florida. The property boasts a strong 6.45% cap rate and a substantial net operating income (NOI) of $645,000. The current lease, a triple-net (NNN) agreement with a corporate guarantee from Best Buy (S&P: BBB+), has a remaining term of approximately 4.4 years, with two 5-year renewal options. The building, constructed in 2008, sits on a highly visible, signalized corner of US-1, experiencing over 40,500 vehicles daily, and benefits from proximity to the Florida Turnpike (over 50,300 vehicles daily). The location enjoys excellent synergy with neighboring retailers including Walmart, Aldi, Starbucks, Home Depot, BJ's Wholesale, and a Nike Outlet Mall. Ample parking is provided with 180 spaces. The property's location within a densely populated area (87,982 residents within a three-mile radius) and the planned addition of over 4,000 residential units further enhance its long-term value. The asking price is $9,999,999, translating to $333.33 per square foot and $71.97 per square foot for the land. The property's APN is 16-7919-000-0010 and is zoned 16-7919-000-0010. This is a rare opportunity to acquire a high-performing, corporate-guaranteed retail asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Florida City
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4762
    Latitude
    25.4557
    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
    $79,577
    $3,728,140
    $871,860
    $4,600,000
    -
    $3,728,140
    $871,860
    $4,600,000

    Comparable in this City

    • Value Estimation
      $3,235,000
      18,612 SF

      33493 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 18,612 SF
      33493 Dixie Hwy, Florida City, FL 33034-5644
      View Details
    • Value Estimation
      $3,470,000
      24,339 SF

      453 Krome Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 24,339 SF
      453 Krome Ave, Florida City, FL 33034-3404
      View Details
    • Value Estimation by Request
      1,512 SF

      825 Lucy St

      WHOLESALE OUTLET, DISCOUNT STORE • 1,512 SF
      825 Lucy St, Florida City, FL 33034-1846
      View Details
    • Value Estimation
      $665,000
      2,569 SF

      401 Palm Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 2,569 SF
      401 Palm Dr, Florida City, FL 33034-3396
      View Details
    • Value Estimation
      $1,310,000
      7,530 SF

      35412 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 7,530 SF
      35412 Dixie Hwy, Florida City, FL 33034-5610
      View Details
    • Value Estimation
      $1,370,000
      7,037 SF

      530 1st St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,037 SF
      530 1st St, Florida City, FL 33034-4806
      View Details

    Similar Nearby for Sale

    • $1,750,000
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      Dollar General NNN Investment Opportunity

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      Established Car Wash Business Opportunity

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    • $9,999,999
      30,000 SF

      Best Buy Florida City NNN Lease

      High-yield, corporate-guaranteed Best Buy.
      33590 Dixie Hwy, Florida City, FL 33034
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    Similar Nearby for Lease

    • Contact for pricing
      7,034 SF

      Retail Space in Florida City

      Retail space available within a shopping center with national tenants.
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      View Details
    • Contact for pricing
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      Retail Space in Florida City

      Retail space with premier exposure and national tenants.
      33550 S Dixie Hwy, Homestead, FL 33034
      View Details
    • $1.86 SF/Yr
      9,667 SF

      Homestead Retail Space for Lease

      Prime Homestead location, 9,667 sq ft retail space.
      33521 Dixie Hwy, Homestead, FL 33034
      View Details
    • $1,500 /Mo

      Retail Space in High-Traffic Area

      Sub-rent space in busy salon, ideal for beauty-related services.
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    • $0.07 SF/Yr
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      Florida City Retail Space

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    • $16 SF/Yr
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      Downtown Homestead Retail Space Available

      Retail space in Homestead's historical downtown district for rent.
      327 N Krome Ave, Homestead, FL 33034
      View Details
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    33590 Dixie Hwy
    Florida City, FL 33034
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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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