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

    570 Plover Ave Miami Springs, FL 33166

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3406026
    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

    • Small apartment buildings

    Property Details for 570 Plover Ave

    Year built
    1947
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a charming 1947-built, one-story duplex located in desirable Miami Springs, Florida, at 570 Plover Ave, zip code 33166. Priced at $1,100,000, this property offers significant potential for growth. The building is classified as a multifamily property, specifically a duplex, and sits on a highly desirable corner lot. The property features two central air conditioning units, ensuring comfortable living for residents. Currently, the duplex boasts five full bathrooms, providing ample space and convenience. Utility management is simplified with a single water meter and a single electric meter. Adding to its appeal is a detached garage, offering additional storage or parking options. The property's zoning presents further opportunities for expansion or redevelopment, making it an attractive proposition for savvy investors seeking a strong return on investment in the thriving Miami Springs market. This is a rare find in a highly sought-after location. The property's solid foundation and existing features provide a strong base for future enhancements and increased rental income. Don't miss this chance to acquire a piece of Miami Springs real estate with considerable upside.

    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 Springs
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2914024
    Latitude
    25.8241512

    Comparable in this City

    • $300,000

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      Luxury Doral Penthouse Condo

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      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
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      Miami Springs Multifamily Investment Opportunity

      Seven-unit multifamily property in a desirable Miami location.
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    • $8,150,000
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      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
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      Doral Mixed-Use Development Opportunity

      Commercial space with multifamily units in a prime location.
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    Similar Nearby for Sale

    • $300,000

      Doral Condo with Amenities

      Two-bedroom condo with community amenities near Downtown Doral.
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    • $1,000,000

      Luxury Doral Penthouse Condo

      Stunning 2-bed, 2-bath penthouse, golf course views.
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    • $8,150,000

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
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      View Details
    • $1,000,000
      Pending

      Miami Springs Multifamily Investment Opportunity

      Seven-unit multifamily property in a desirable Miami location.
      Miami Springs, FL 33166
      View Details
    • $8,150,000
      16,826 SF

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Doral Mixed-Use Development Opportunity

      Commercial space with multifamily units in a prime location.
      79Th Ave, Miami, FL 33166
      View Details

    Similar Nearby for Lease

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      Medley Industrial Space For Lease

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      70th Street Warehouse Space Available

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    • $22 SF/Yr
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      8333 53Rd St

      Office space • 15,210 SF
      8333 53Rd St, Doral, FL 33166
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    570 Plover Ave
    Miami Springs, 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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