Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3801 97th Ave Doral, FL 33178-2994

    • Office buildings
    • 31,266 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1979015
    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

    • City on a Hill Legal Ministry / Non-Profit Organization / Immigration & Naturalization Service
    • Kidz XL / After School Program
    • True Vine Chrisitan Church / Christian Church
    • Restoration Anglican Church / Anglican Church
    • Millennia Atlantic University (MAU) / College / Business School

    Property Details for 3801 97th Ave

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    0.91 lot acres
    Property size
    31,266 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Office buildings
    APN
    35-3028-009-0090
    APU
    3530280090090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $804,000
      Market price range: $334k - $4.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3529
    Latitude
    25.8082
    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
    $60,563
    $1,184,820
    $2,315,180
    $3,500,000
    -
    $1,184,820
    $2,315,180
    $3,500,000

    Comparable in this City

    • Value Estimation
      $1,150,000
      156,668 SF

      9675 117th Ave

      OFFICE BUILDING (MULTI-STORY) • 156,668 SF
      9675 117th Ave, Medley, FL 33178-1228
      View Details
    • Value Estimation
      $535,000
      3,600 SF

      12450 Nws Riv Dr

      OFFICE BUILDING • 3,600 SF
      12450 Nws Riv Dr, Medley, FL 33178-1155
      View Details
    • Value Estimation
      $215,000
      4,756 SF

      10598 Nws Riv Dr

      OFFICE BUILDING (MULTI-STORY) • 4,756 SF
      10598 Nws Riv Dr, Medley, FL 33178-1316
      View Details
    • Value Estimation
      $815,000
      5,508 SF

      11300 Nws Riv Dr

      OFFICE BUILDING • 5,508 SF
      11300 Nws Riv Dr, Medley, FL 33178-1126
      View Details
    • Value Estimation
      $1,340,000
      35,407 SF

      4005 114th Ave

      OFFICE BUILDING • 35,407 SF
      4005 114th Ave, Doral, FL 33178-4374
      View Details
    • Value Estimation
      $775,000
      20,127 SF

      9500 41st St

      OFFICE BUILDING (MULTI-STORY) • 20,127 SF
      9500 41st St, Doral, FL 33178-2316
      View Details

    Similar Nearby for Sale

    • $325,000

      Doral Turnkey Beauty & Spa Center

      Profitable Doral Business, Fully Equipped
      7761 107Th Ct, Doral, FL 33178
      View Details
    • Contact for pricing

      Doral Office Space Available

      Prime Doral office space with modern finishes and ample parking.
      6390 NW 97Th Ave, Miami, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Unit For Sale

      2,651 sq. ft. Doral office-warehouse near major highways.
      10171 NW 58Th St, Miami, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Double Unit

      2,240 sq ft office-warehouse in Doral's thriving commercial district.
      10171 And 7, Doral, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Space For Sale

      2,753 sq ft Doral office-warehouse with air conditioning.
      9450 NW 58Th St, Miami, FL 33178
      View Details
    • Contact for pricing

      Doral Office Suites For Sale

      Office suites in Doral, includes utilities and receptionist.
      3500 NW 114Th Ave, Miami, FL 33178
      View Details

    Similar Nearby for Lease

    • New
      $4,900 /Mo

      Doral Office Space Available

      Second-floor office space in Doral with functional layout.
      3850 NW 114Th Ave, Miami, FL 33178
      View Details
    • $45 SF/Yr
      65,785 SF

      Prime Doral Office Building

      Class A Office Space, Multiple Tenancies
      10305 41St St, Doral, FL 33178
      View Details
    • Contact for pricing
      3,851 SF

      Doral Costa Office Space Available

      Class A office space in Doral with easy highway access.
      9850 NW 41St St, Doral, FL 33178
      View Details
    • $25 SF/Yr

      Doral Flex Space Available

      11,530 SF flex space with office and warehouse.
      10405 NW 37Th Ter, Doral, FL 33178
      View Details
    • $3,350 /Mo

      Doral Warehouse with Office Space

      Warehouse and office space in Doral with highway access.
      6020 NW 99Th Ave, Miami, FL 33178
      View Details
    • $0.01 SF/Yr
      1,304 SF

      Doral Medical Office Suite 111

      Class A Medical Office in Doral, FL
      10305 41St St, Doral, FL 33178
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3801 97th Ave
    Doral, FL 33178-2994
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.