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

    3901 79th Ave Doral, FL 33166-6508

    • Office buildings
    • 28,603 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2021
    $8,000,000
    Value Estimations
    $12,465,000
    Show details
    Cap Rate Potential
    7.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-8510330
    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

    • Jorge M Menendez PA / Accountant
    • Easy Operations LLC / Employment Agency / Career Guidance Service
    • Everything Noir / African Goods Store
    • Alpha Printing & Promotions / Promotional Products Supplier
    • drbetsyguerra / Psychologist

    Property Details for 3901 79th Ave

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    1.43 lot acres
    Property size
    28,603 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    35-3027-017-0020
    APU
    3530270170020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,400,000
      ML approach
      $11,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,590,000
      6.5%
      $13,465,000
      7%
      $12,505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,654,000
      Market price range: $3.48M - $47.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3249
    Latitude
    25.81
    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
    $117,497
    $5,283,940
    $1,491,060
    $6,775,000
    -
    $5,283,940
    $1,491,060
    $6,775,000

    Comparable in this City

    • Value Estimation by Request
      424 SF

      7950 53rd St Ste, Unit 111

      OFFICE BUILDING (MULTI-STORY) • 424 SF
      7950 53rd St Ste, Doral, FL 33166-4653
      View Details
    • Value Estimation by Request
      363 SF

      7950 53rd St Ste, Unit 223

      OFFICE BUILDING (MULTI-STORY) • 363 SF
      7950 53rd St Ste, Doral, FL 33166-4638
      View Details
    • Value Estimation
      $430,000
      252 SF

      8245 53rd St

      PROFESSIONAL BUILDING • 252 SF
      8245 53rd St, Doral, FL 33166-4609
      View Details
    • Value Estimation
      $1,210,000
      137,891 SF

      6601 36th St

      OFFICE BUILDING (MULTI-STORY) • 137,891 SF
      6601 36th St, Virginia Gardens, FL 33166-6922
      View Details
    • Value Estimation
      $705,000
      7,812 SF

      8201 36th St

      PROFESSIONAL BUILDING • 7,812 SF
      8201 36th St, Doral, FL 33166-6613
      View Details
    • Value Estimation
      $785,000
      5,307 SF

      4601 72nd Ave

      OFFICE BUILDING • 5,307 SF
      4601 72nd Ave, Miami, FL 33166-5614
      View Details

    Similar Nearby for Sale

    • $1,740,000
      3,866 SF

      Modern Office Building with Amenities

      Contemporary office building featuring a cafe, conference rooms, and parking.
      7791 NW 46Th St, Miami, FL 33166
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    • $16,500,000

      Miami Airport West Flex Building

      Freestanding office/flex/warehouse building in Miami Airport West submarket.
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    • Contact for pricing
      965 SF

      Doral Office Condos for Sale

      Modern Doral office suites, various sizes.
      7791 46Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Renovated Freestanding Building on Corner

      Renovated, fully A/C building suitable for showroom, office, or industrial.
      4301 NW 72Nd Ave, Miami, FL 33166
      View Details
    • $1,200,000
      6,000 SF

      Doral Office Warehouse with Loading

      Office/warehouse space featuring offices, loading docks, and security.
      7754-7884 NW 46Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Downtown Miami Springs Retail/Office Space

      Renovated retail and office spaces in downtown Miami Springs.
      10 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      6,000 SF

      NW 68th St Office Space For Lease

      6,000 sq ft Office, Ample Parking
      8012 68Th St, Miami, FL 33166
      View Details
    • $0.01 SF/Yr
      120,000 SF

      Doral Office Space: 2530 SF

      Modern Doral office, 2530 sq ft, abundant parking.
      7950 53Rd St, Doral, FL 33166
      View Details
    • $43 SF/Yr
      1,948 SF

      Elegant 4-Story Office Space in NW Miami

      1,948 sq ft Office, 10 Parking Spaces
      7791 46Th St, Doral, FL 33166
      View Details
    • $0.36 SF/Yr
      1,369 SF

      Doral Office Space For Lease

      Modern Office, Prime Doral Location, 1369 sq ft
      3650 82 Ave, Doral, FL 33166
      View Details
    • $34 SF/Yr
      1,674 SF

      Doral Office Space Available

      1,674 SF office space in Corporate Park of Doral.
      7765-7769 NW 48Th St, Doral, FL 33166
      View Details
    • $20 SF/Yr
      4,800 SF

      Miami Flex Space for Lease

      Flex space with office and warehouse, near major transportation routes.
      7208 Nw 72Nd Ave, Miami, FL 33166
      View Details
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    3901 79th Ave
    Doral, FL 33166-6508
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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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