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

    5101 Waterford District Dr Miami, FL 33126-2021

    • Hotels
    • 859,230 SF
    • 20.59 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2023
    $77,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1527971
    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

    • Hotels

    Property Details for 5101 Waterford District Dr

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    20.59 lot acres
    Property size
    859,230 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Hotels
    APN
    30-3131-025-0050
    APU
    3031310250050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2788
    Latitude
    25.7821
    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
    $1,010,647
    $13,776,816
    $49,723,184
    $63,500,000
    -
    $13,776,816
    $49,723,184
    $63,500,000

    Comparable in this City

    • Value Estimation
      $1,355,000
      113,534 SF

      4101 11th St

      HOTEL • 113,534 SF
      4101 11th St, Miami, FL 33126-3602
      View Details
    • Value Estimation
      $590,000
      118,313 SF

      777 57th Ave

      HOTEL • 118,313 SF
      777 57th Ave, Miami, FL 33126-2001
      View Details
    • Value Estimation
      $985,000
      85,738 SF

      6750 7th St

      HOTEL • 85,738 SF
      6750 7th St, Miami, FL 33126-6019
      View Details
    • Value Estimation
      $545,000
      90,023 SF

      6700 7th St

      HOTEL • 90,023 SF
      6700 7th St, Miami, FL 33126-6019
      View Details
    • Value Estimation
      $650,000
      15,725 SF

      6605 7th St

      HOTEL • 15,725 SF
      6605 7th St, Miami, FL 33126-4400
      View Details
    • Value Estimation
      $14,265,000
      142,350 SF

      5560 Waterford District Dr

      HOTEL • 142,350 SF
      5560 Waterford District Dr, Miami, FL 33126-2028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.71 Acres

      Fontainebleau Apartments: Redevelopment Opportunity

      Luxury Miami apartment complex, prime location.
      8501 8Th St, Miami, FL 33126
      View Details
    • $10,433,333
      4,688 SF

      Miami 7-Eleven NNN Lease

      High-yield 7-Eleven, Miami, FL
      0 45Th Ave, Miami, FL 33126
      View Details
    • $1,050,000
      3,105 SF

      Miami Triplex Investment Opportunity

      Legal triplex, 3,105 sq ft, excellent location.
      62 73Rd Pl, Miami, FL 33126
      View Details
    • $2,300,000

      Miami Mixed-Use Shopping Center

      Mixed-use shopping center with offices and storefronts near Miami Airport.
      Miami, FL 33126
      View Details
    • $399,000

      Profitable Meal Prep Business Opportunity

      Established Miami meal prep business with loyal customer base.
      Profitable Meal Prep Business For Sale In Miami, Miami, FL 33126
      View Details
    • $350,000

      Turnkey Business Opportunity in Miami

      Established café, convenience store, and smoke shop for sale.
      S /Smoke Shop Store & Smoke Shop For Sale, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,884 SF

      Class A Office Space Available

      Class A office space for rent in Miami, Florida.
      5201 Blue Lagoon Dr, Miami, FL 33126
      View Details
    • $3,200 /Mo

      Renovated Multifamily Property for Rent

      Centrally located, renovated multifamily property with modern amenities for rent.
      63 NW 51St Ave, Miami, FL 33126
      View Details
    • $2,800 /Mo

      Doral Flex Space Available

      Industrial warehouse-office unit in a prime Doral location.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • $0.26 SF/Yr
      1,200 SF

      Prime Office Space NW 14th St

      1200 sq ft Office, Single Tenant, Great Location
      7570 14Th St, Miami, FL 33126
      View Details
    • Contact for pricing
      199,410 SF

      Flagami Retail Space: Prime Location

      New Retail Space, High Traffic Area
      3930 7Th St, Miami, FL 33126
      View Details
    • $32 SF/Yr
      1 SF

      Executive Suites at MICC

      Miami Office Space Available Now
      7955 12Th St, Doral, FL 33126
      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.
    5101 Waterford District Dr
    Miami, FL 33126-2021
    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.