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    Property profile & analytics

    3470 82nd Ave Doral, FL 33122-1024

    • Office buildings
    • 687,304 SF
    • 3.03 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2024
    $71,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3509240
    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 / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3470 82nd Ave

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    3.03 lot acres
    Property size
    687,304 SF
    Zone code
    6119
    Property type
    Office buildings
    APN
    35-3027-067-3270
    APU
    3530270673270

    Description

    One Park Square Doral, located at 3470 NW 82nd Ave in Doral, Florida 33122, offers exceptional medical office space for lease. This Class A, eleven-story building boasts a total of 281,785 square feet, providing a variety of options for medical professionals. The building is currently multi-tenant, with a significant amount of vacant space totaling 15,110 square feet. Individual suites range from a minimum of 2,450 square feet to a maximum contiguous space of 4,266 square feet, catering to practices of various sizes. The property is categorized as Retail, Office, and Special Purpose, reflecting its versatility and suitability for a range of medical specialties. Its location in Miami-Dade County ensures convenient access for patients and staff, benefiting from the vibrant and growing Doral community. The building's classification as Class A signifies its high-quality construction, modern amenities, and desirable location. This presents a unique opportunity to establish or expand a medical practice in a premier Doral location. Interested parties are encouraged to inquire about available space and lease terms. The property's coordinates are 25.8071756 latitude and -80.3301421 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $90,762,000
      Market price range: $71.0M - $276M

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.33
    Latitude
    25.8072
    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
    $1,224,395
    $11,877,840
    $63,922,160
    $75,800,000
    -
    $11,877,840
    $63,922,160
    $75,800,000

    Comparable in this City

    • Value Estimation
      $8,795,000
      23,711 SF

      8000 21st St

      OFFICE BUILDING (MULTI-STORY) • 23,711 SF
      8000 21st St, Doral, FL 33122-1620
      View Details
    • Value Estimation
      $5,635,000
      24,366 SF

      2550 72nd Ave

      OFFICE BUILDING (MULTI-STORY) • 24,366 SF
      2550 72nd Ave, Miami, FL 33122-1350
      View Details
    • Value Estimation by Request
      1,000 SF

      2927 74th Ave

      OFFICE BUILDING • 1,000 SF
      2927 74th Ave, Miami, FL 33122-1425
      View Details
    • Value Estimation
      $9,500,000
      24,197 SF

      7265 25th St

      OFFICE BUILDING (MULTI-STORY) • 24,197 SF
      7265 25th St, Miami, FL 33122-1707
      View Details
    • Value Estimation by Request
      1,022 SF

      7500 25th St Ste, Unit 120

      OFFICE BUILDING (MULTI-STORY) • 1,022 SF
      7500 25th St Ste, Miami, FL 33122-1721
      View Details
    • Value Estimation by Request
      437 SF

      7500 25th St Ste, Unit 253

      OFFICE BUILDING (MULTI-STORY) • 437 SF
      7500 25th St Ste, Miami, FL 33122-1720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

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      Class A Office Building in Doral

      Premier office location with lifestyle-driven amenities in the heart of Doral.
      3470 NW 82Nd Ave, Doral, FL 33122
      View Details
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      Class A Office Space Available

      Prime Doral office space near Miami Airport and CityPlace Doral.
      8200 NW 33Rd St, Miami, FL 33122
      View Details
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      Renovated Office Building in Doral

      Newly renovated office building in Doral, excellent connectivity.
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      Doral Office/Warehouse Combination For Rent

      Office/warehouse combination in Doral, minutes from Miami airport and port.
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      Doral Flex Space For Rent

      Flex space available near the airport and major expressways.
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      Miami Office Space For Rent

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      View Details
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    3470 82nd Ave
    Doral, FL 33122-1024
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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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