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    3500 107Th Ave Miami, FL 33165
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    Property profile & analytics

    3500 107Th Ave, Miami, FL 33165

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    • Medical Office Space
    • 28,000 SF
    • 1.76 lot acres
    Off-Market
    Property ID
    US18-5036931
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Las Casas Gardens Inc / Garden Center / Landscaping

    Property Details for 3500 107Th Ave

    Year built
    2025
    Lot size
    1.76 lot acres
    Property type
    Medical Office Space

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2025 $6,773,000 Gilc Holdings LLC Westchester Real Estate Partners Ll Warranty Deed $3.8M · Westchester Real Estate Partners LLC
    Feb 22, 2022 — Emahud LLC Jose Julian Casas JR Quitclaim Deed · related —

    Description

    This Class A, 28,000 square foot medical office building in Miami, Florida, offers exceptional opportunities for medical professionals. Located at 3500 SW 107th Ave, 33165, this 2025-built facility boasts 14-foot ceilings and ample parking with 140 spaces. The building is conveniently situated near Florida International University, Florida Turnpike, and major healthcare providers including HCA Florida Kendall Hospital. The property features multiple tenancy options, with spaces ranging from a minimum of 2,000 square feet to a maximum contiguous space of 14,000 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3682949
    Latitude
    25.7367632

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    Similar Nearby for Lease

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      17,000 SF

      Renovated Office Space in Miami

      Located in the heart of Miami's Westchester Commercial district.
      2760 SW 97Th Ave, Miami, FL 33165
      View Details
    • Contact for pricing

      Miami Commercial Space For Rent

      Commercial space available for rent in Miami, Florida.
      8966 SW 40Th St, Miami, FL 33165
      View Details
    • $1.95 SF/Yr
      21,500 SF

      Bird Road Office Building For Sale

      Prime Office Space, 21,500 sq ft
      3850 87Th Ave, Miami, FL 33165
      View Details
    • $2,800 /Mo
      749 SF

      Miami Retail/Office Space For Lease

      Office/Retail space for lease in high-traffic Bird Road area.
      10509 SW 40Th St, Miami, FL 33165
      View Details
    • $1.10 SF/Yr
      6,000 SF

      Prime Miami Office Space

      Turnkey Office Suite, 6,000 sq ft
      2530 87Th Ave, Miami, FL 33165
      View Details
    • Contact for pricing

      Office Space in Shopping Plaza

      Office space for lease in high-traffic shopping plaza.
      10527 SW 40Th St, Miami, FL 33165
      View Details
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    Miami, FL 33165
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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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