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    Property profile & analytics

    3510 115 Ave Doral, FL 33178

    • Manufacturing properties
    • 6,375 SF
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2641473
    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 3510 115 Ave

    Year built
    2000
    Property size
    6,375 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    35-3030-047-0020
    APU
    3530300470020

    Description

    This exceptional industrial property at 3510 NW 115th Ave #3510 offers a single-tenant warehouse and office space totaling 6,375 square feet. The building features approximately 5,787 square feet of warehouse space and 1,224 square feet of office space spread across two stories. The warehouse boasts a 21-foot clear ceiling height, a twin-t roof, and two dock-high loading positions. Six offices are included, along with two bathrooms. All offices offer windows overlooking the warehouse. The property includes nine assigned parking spaces. The building is equipped with LED lighting and a sprinkler system. This turnkey property is zoned 7100 (APN 35-30-30-047-0020). Tenant responsibilities include AC maintenance and repairs, interior electricity, interior insurance, interior maintenance, water/sewer, trash removal, Florida sales tax, telephone, internet, and alarm systems. This strategically located warehouse presents a fantastic leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,631,000
      Market price range: $1.38M - $2.29M
      AI Estimate
      $1,316,000
      Market price range: $596k - $2.12M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,790,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3842
    Latitude
    25.8063
    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
    $20,124
    $0.00
    $0.00
    $1,275,000
    -
    $0.00
    $0.00
    $1,275,000

    Comparable in this City

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      11455 34th St, Doral, FL 33178-1831
      View Details
    • Value Estimation
      $3,505,000
      16,401 SF

      6301 87th Ave

      MANUFACTURING (LIGHT) • 16,401 SF
      6301 87th Ave, Miami, FL 33178-1626
      View Details
    • Value Estimation
      $24,550,000
      80,736 SF

      11200 107th St

      PROCESSING PLANT (CEMENT, GRAVEL) • 80,736 SF
      11200 107th St, Medley, FL 33178-3297
      View Details
    • Value Estimation
      $1,985,000
      12,825 SF

      11501 107th St Ste, Unit 104

      MANUFACTURING (LIGHT) • 12,825 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details
    • Value Estimation
      $1,985,000
      12,825 SF

      11501 107th St Ste, Unit 105

      MANUFACTURING (LIGHT) • 12,825 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details
    • Value Estimation
      $2,035,000
      13,168 SF

      11501 107th St Ste, Unit 106

      MANUFACTURING (LIGHT) • 13,168 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Medley Industrial Unit For Sale

      Tenant-occupied industrial unit with office space and warehouse area.
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      Doral Office-Warehouse Space For Sale

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      8,000 SF

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      Doral Industrial Warehouse Space

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    Similar Nearby for Lease

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      170,550 SF

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      Doral Office-Warehouse Unit For Rent

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      View Details
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    Doral, FL 33178
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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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