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

    4950 72nd Ave Miami, FL 33166-5621

    • Office buildings
    • 2,990 SF
    • 11.18 lot acres
    OFF-MARKET
    Value Estimations
    $2,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2686722
    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

    • Beaches Resorts / Hotel & Motel / Resort
    • Blue Line Containers / Big Box & Wholesale Store / Shipping Company
    • Ronlee Inc / Insurance Agency

    Property Details for 4950 72nd Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    11.18 lot acres
    Property size
    2,990 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Office buildings
    APN
    30-3023-001-0260
    APU
    3030230010260

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,525,000
      6.5%
      $1,410,000
      7%
      $1,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3156
    Latitude
    25.8184
    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
    $190,412
    $14,610,030
    $200,578
    $14,810,608
    -
    $14,610,030
    $200,578
    $14,810,608

    Comparable in this City

    • Value Estimation
      $830,000
      199 SF

      7950 53rd St Ste, Unit 227

      OFFICE BUILDING (MULTI-STORY) • 199 SF
      7950 53rd St Ste, Doral, FL 33166-4638
      View Details
    • Value Estimation
      $1,670,000
      401 SF

      7950 53rd St Ste, Unit 233

      OFFICE BUILDING (MULTI-STORY) • 401 SF
      7950 53rd St Ste, Doral, FL 33166-4638
      View Details
    • Value Estimation
      $1,670,000
      401 SF

      7950 53rd St Ste, Unit 313

      OFFICE BUILDING (MULTI-STORY) • 401 SF
      7950 53rd St Ste, Doral, FL 33166-4790
      View Details
    • Value Estimation
      $2,765,000
      1,384 SF

      7667 50th St

      PROFESSIONAL BUILDING • 1,384 SF
      7667 50th St, Miami, FL 33166-4701
      View Details
    • Value Estimation
      $27,530,000
      97,208 SF

      8350 52nd Ter

      OFFICE BUILDING (MULTI-STORY) • 97,208 SF
      8350 52nd Ter, Doral, FL 33166-7811
      View Details
    • Value Estimation by Request
      184,941 SF

      8333 53rd St

      OFFICE BUILDING (MULTI-STORY) • 184,941 SF
      8333 53rd St, Doral, FL 33166-4783
      View Details

    Similar Nearby for Sale

    • $16,500,000

      Miami Airport West Flex Building

      Freestanding office/flex/warehouse building in Miami Airport West submarket.
      6955 NW 52Nd St, Miami, FL 33166
      View Details
    • Contact for pricing

      Professional Office Building For Sale

      Professional office building with ample parking and spaces available.
      4995 Nw 72Nd Ave, Miami, FL 33166
      View Details
    • $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
      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
    • $299,000
      108,000 SF

      Doral Office Space: Prime Investment

      108,000 sq ft Office, Leased Thru 2025
      7791 46Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Remodeled Office Space For Sale

      Remodeled office units for sale, centrally located with ample parking.
      7860 NW 71St St, Miami, FL 33166
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      15,210 SF

      8333 53Rd St

      Office space • 15,210 SF
      8333 53Rd St, Doral, FL 33166
      View Details
    • $102 SF/Yr
      100 SF

      NW 46th St Office Suite 108

      100 sq ft Office, Parking Included
      7791 46Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Doral Area Office Space

      Prime office space in a dynamic, accessible Doral location.
      8300 Northwest 36Th St, Doral, FL 33166
      View Details
    • $9 SF/Yr
      1,250 SF

      Doral Aeromart Office Space

      Office space in Doral's Airport West submarket for lease.
      5201-5233 NW 74Th Ave, Miami, FL 33166
      View Details
    • $3,350 /Mo

      Virginia Gardens Second-Floor Office Space

      Second-floor office unit in a centrally located Miami building.
      6405 NW 36Th St, Virginia Gardens, FL 33166
      View Details
    • $9,172 /Mo

      Miami Industrial Warehouse For Lease

      Spacious warehouse with office space in Miami's industrial hub.
      5220 NW 72Nd Ave, Miami, FL 33166
      View Details
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    4950 72nd Ave
    Miami, FL 33166-5621
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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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