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    3717 NW 22Nd Ave Miami, FL 33142
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    3717 NW 22Nd Ave Miami, FL 33142

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    • Commercial land
    For Sale
    $2,600,000
    View Listing →
    Commercial Lot Near Airport Expressway For Sale
    $2,600,000

    Commercial Lot Near Airport Expressway

    Fenced commercial lot near airport expressway and 36th street.

    3717 NW 22nd Ave, Miami, FL 33142
    View Listing
    Property ID
    US18-3112881
    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

    • Commercial land

    Property Details for 3717 NW 22Nd Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial lot fenced on NW 22 Avenue just south of airport expressway by one block… home on property on over 18,000 square foot lot surrounded by apartment building and close to 36th street business section … zones T6-8-O - Master plan approved for 62 units, all due diligence package upon request with plans, environmental studies and zoning analysis

    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
    -80.23176
    Latitude
    25.81062

    Comparable in this City

    • $2,500,000
      0.47 Acres

      Miami Commercial Site for Development

      Versatile site for development or existing office/medical use.
      3270 NW 36Th St, Miami, FL 33142
      View Details
    • Contact for pricing

      Allapattah Land in Fashion District

      Land in Allapattah's Fashion District, close to Wynwood and Downtown.
      2550-2598 NW 20 Dr, Miami, FL 33142
      View Details

    Similar Nearby for Sale

    • $2,500,000
      0.47 Acres

      Miami Commercial Site for Development

      Versatile site for development or existing office/medical use.
      3270 NW 36Th St, Miami, FL 33142
      View Details
    • $1,250,000

      Allapattah Development Site with Income

      Prime 0.25-acre development site with existing income in Allapattah.
      2616 NW 23Rd Ave, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Unimproved Land For Lease

      Unimproved land available for lease in the heart of Miami.
      1757 Northwest 21St St, Miami, FL 33142
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    • Contact for pricing

      Commercial Lot with Warehouse

      Commercial lot with warehouse in high-traffic area for lease.
      4647 NW 17Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing

      Corner Lot in Miami

      Undeveloped corner lot in a high-traffic Miami location.
      3170 NW 36Th St, Miami, FL 33142
      View Details
    • $13 SF/Yr

      Hialeah Warehouse with Industrial Land

      Warehouse with industrial land, offices, kitchen, and convenient access.
      5790 NW 35Th Ave, Hialeah, FL 33142
      View Details
    • Contact for pricing

      Miami Retail Space - Prime Location

      High-traffic retail space, immediate occupancy.
      4840 27Th Ave, Miami, FL 33142
      View Details
    View Listing
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    3717 NW 22Nd Ave
    Miami, FL 33142
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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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