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

    3505 167th St Miami Gardens, FL 33056-4119

    • Manufacturing properties
    • 55,738 SF
    • 2.82 lot acres
    OFF-MARKET
    Value Estimations
    $10,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5320463
    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

    • Manufacturing properties

    Property Details for 3505 167th St

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    2.82 lot acres
    Property size
    55,738 SF
    Zone code
    6500:COMMERCIAL,CLASSIF
    Property type
    Manufacturing properties
    APN
    34-2109-001-0440
    APU
    3421090010440

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,480,000
      6.5%
      $11,520,000
      7%
      $10,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,758,000
      Market price range: $10.1M - $21.2M
      AI Estimate
      $7,471,000
      Market price range: $2.66M - $16.2M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $14,935,000
      Current use
      WAREHOUSE, STORAGE
      $16,570,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Gardens
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2591
    Latitude
    25.9268
    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
    $130,736
    $2,456,780
    $5,756,220
    $8,213,000
    -
    $2,456,780
    $5,756,220
    $8,213,000

    Comparable in this City

    • Value Estimation by Request
      28,040 SF

      3491 168Th St

      Distribution properties • 28,040 SF
      3491 168Th St, Miami Gardens, FL 33056
      View Details
    • Value Estimation
      $3,175,000
      10,845 SF

      3351 168th St

      MANUFACTURING (LIGHT) • 10,845 SF
      3351 168th St, Miami Gardens, FL 33056-4229
      View Details
    • Value Estimation
      $10,355,000
      56,156 SF

      3303 167th St

      MANUFACTURING (LIGHT) • 56,156 SF
      3303 167th St, Miami Gardens, FL 33056-4254
      View Details
    • Value Estimation by Request
      10,750 SF

      Miami Gardens Dr

      Distribution properties • 10,750 SF
      0 Miami Gardens Dr, Miami Gardens, FL 33056
      View Details
    • Value Estimation
      $44,655,000
      204,422 SF

      1620 215th St

      WAREHOUSE, STORAGE • 204,422 SF
      1620 215th St, Miami Gardens, FL 33056-1102
      View Details
    • Value Estimation
      $4,690,000
      20,497 SF

      1875 167th St

      WAREHOUSE, STORAGE • 20,497 SF
      1875 167th St, Miami Gardens, FL 33056-4838
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,750 SF

      Miami Gardens Warehouse For Sale

      10,750 SF Industrial Space, Fully Renovated
      0 Miami Gardens Dr, Miami Gardens, FL 33056
      View Details
    • $4,750,000
      2.40 Acres

      Miami Gardens Development Opportunity

      2.4-acre site ideal for mixed-use development in Miami Gardens.
      16801 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $6,000,000

      Updated Warehouse in Miami Gardens

      Commercial warehouse with heavy power, updated features, and excellent accessibility.
      17890 NW 29 Ct, Miami Gardens, FL 33056
      View Details
    • $2,500,000

      Retail Shopping Center For Sale

      5,500 SF shopping center on 0.610-acre lot.
      207 St NW, Miami Gardens, FL 33056
      View Details
    • $69,999

      Turnkey Ice Cream Business Opportunity

      Fully equipped ice cream business for sale in Miami Gardens.
      17560 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $949,999

      Miami Gardens Duplex on Oversized Lot

      Duplex on 30,000+ sq ft lot, potential for expansion.
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    Similar Nearby for Lease

    • $40 SF/Yr

      Miami Gardens Warehouse with Office

      Commercial warehouse with office space, convenient access to major expressways.
      17890 NW 29 Ct, Miami Gardens, FL 33056
      View Details
    • $45 SF/Yr
      19,664 SF

      Miami Gardens Retail Center

      Prime Retail Space, Miami Gardens, FL
      19184 27Th Ave, Miami Gardens, FL 33056
      View Details
    • $2,500 /Mo

      Retail Space, Miami Gardens, FL

      Retail space available for rent in Miami Gardens, Florida.
      3251 NW 183Rd St, Miami Gardens, FL 33056
      View Details
    • $9,500 /Mo

      Prime Commercial Site For Lease

      2.4-acre commercial site with 3,000 sq ft building in Miami Gardens.
      16801 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Miami Gardens

      Retail space with high traffic and renovated parking.
      4500-4694 NW 183Rd Dr, Miami Gardens, FL 33056
      View Details
    • Contact for pricing
      8,000 SF

      High-Traffic Retail Space Available

      Retail space in Miami Gardens with high traffic and co-tenancy.
      17165-17237 NW 27Th Ave, Miami Gardens, FL 33056
      View Details
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    3505 167th St
    Miami Gardens, FL 33056-4119
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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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