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

    5245 NW 36Th St, Unit 230 Miami, FL 33166

    • Retail residential properties
    • 10,928 SF
    • 0.19 lot acres
    For Sale
    View listing
    $2,499
    Last Sale
    Nov 29, 2021
    $2,800,000
    Value Estimations
    Cap Rate Potential
    6.5%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-2511519
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5245 NW 36Th St

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    10,928 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Retail residential properties
    APN
    05-3119-013-4530
    APU
    531190134530

    Description

    This exceptional 1,303-square-foot office space is perfectly situated near Miami International Airport, offering unparalleled convenience and accessibility. Located in a two-story building within a larger two-building complex, this single-tenant unit is part of a 10,928-square-foot property situated on a generous 17,615-square-foot lot. Built in 1956, the building offers a blend of traditional and modern office space, suitable for a variety of businesses. The space is immediately available, representing a turnkey opportunity for businesses seeking a strategic location. Its traditional office layout is complemented by features that cater to executive and creative office needs. The property's prime location provides easy access to major transportation arteries, ensuring seamless commutes for employees and clients. Furthermore, the proximity to shopping centers and diverse dining options enhances the overall appeal and convenience of this exceptional office space. This is a rare opportunity to secure a well-located, move-in ready office in a thriving area. Don't miss out on this chance to establish your business in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,990,000
      ML approach
      $3,330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,305,000
      6.5%
      $3,970,000
      7%
      $3,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,297,000
      Market price range: $2.68M - $16.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Springs
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2802
    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
    $16,322
    $367,290
    $606,150
    $973,440
    -
    $367,290
    $606,150
    $973,440

    Comparable in this City

    • Value Estimation
      $1,405,000
      6,493 SF

      8510 56th St

      STORES & APARTMENTS • 6,493 SF
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      View Details
    • Value Estimation
      $1,005,000
      3,762 SF

      7269 36th St

      STORES & APARTMENTS • 3,762 SF
      7269 36th St, Miami, FL 33166-6702
      View Details
    • Value Estimation
      $1,350,000
      5,500 SF

      7890 54th St

      STORES & APARTMENTS • 5,500 SF
      7890 54th St, Miami, FL 33166
      View Details
    • Value Estimation
      $1,025,000
      4,615 SF

      149 Bentley Dr

      STORES & APARTMENTS • 4,615 SF
      149 Bentley Dr, Miami Springs, FL 33166-4918
      View Details
    • Value Estimation
      $770,000
      4,175 SF

      391 Linwood Dr

      STORES & APARTMENTS • 4,175 SF
      391 Linwood Dr, Miami Springs, FL 33166-4936
      View Details
    • Value Estimation
      $1,425,000
      6,467 SF

      7275 61st St

      STORES & APARTMENTS • 6,467 SF
      7275 61st St, Miami, FL 33166-3701
      View Details

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    5245 NW 36Th St, Unit 230
    Miami, FL 33166
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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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