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

    5701 Sunset Dr South Miami, FL 33143-5348

    • Super regional malls
    • 516,656 SF
    • 9.68 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2021
    $65,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6108333
    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

    • Vans / Shoe Store
    • EVgo Car Charging Station / Electric Vehicle Charging Station
    • My Time Beauty Salon / Beauty Salon
    • LibertyX Bitcoin ATM / Currency Exchange Service / Kiosk
    • The Shops at Sunset Place / Shopping Mall

    Property Details for 5701 Sunset Dr

    Year built
    1999
    Lot size
    9.68 lot acres
    Property size
    516,656 SF
    Zone code
    6300:COMMERCIAL,RESTRICT
    Property type
    Super regional malls
    APN
    09-4025-031-0060
    APU
    940250310060

    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
    South Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2864
    Latitude
    25.7057
    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
    $1,200,513
    $73,786,825
    $100,000
    $73,886,825
    -
    $73,786,825
    $100,000
    $73,886,825

    Comparable in this City

    • Value Estimation
      $620,000
      4,259 SF

      6100 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 4,259 SF
      6100 Dixie Hwy, South Miami, FL 33143-5003
      View Details
    • Value Estimation
      $1,075,000
      27,345 SF

      6448 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 27,345 SF
      6448 Dixie Hwy, South Miami, FL 33143-4648
      View Details
    • Value Estimation
      $480,000
      5,509 SF

      5820 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 5,509 SF
      5820 Dixie Hwy, South Miami, FL 33143-3688
      View Details
    • Value Estimation
      $1,160,000
      12,559 SF

      8099 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 12,559 SF
      8099 Dixie Hwy, Miami, FL 33143-7900
      View Details
    • Value Estimation
      $285,000
      5,225 SF

      5840 Sunset Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 5,225 SF
      5840 Sunset Dr, South Miami, FL 33143-5220
      View Details
    • Value Estimation
      $875,000
      7,638 SF

      5600 Sunset Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 7,638 SF
      5600 Sunset Dr, Miami, FL 33143-5611
      View Details

    Similar Nearby for Sale

    • $275,000

      Prime Coral Gables Restaurant Duo

      Turnkey Restaurants, High-Traffic Location
      0 Restaurant For Sale In Coral Gables And Little Hav, South Miami, FL 33143
      View Details
    • Contact for pricing

      Retail Space in South Miami

      633 SF retail space in a prominent South Miami location.
      7230 SW 57Th Ave, Miami, FL 33143
      View Details
    • Contact for pricing
      128,871 SF

      South Dixie Highway Commercial Space

      Commercial space for sale on South Dixie Highway.
      8603 South Dixie Hwy, Miami, FL 33143
      View Details
    • $9,196,000

      Retail Property on Dixie Highway

      Retail property for sale on South Dixie Highway, Miami.
      6601 S Dixie Hwy, Miami, FL 33143
      View Details
    • $890,000

      South Miami Restaurant - For Sale

      Prime Location, Fully Equipped, High Occupancy
      5894 Sunset Dr, South Miami, FL 33143
      View Details
    • $2,295,000

      Colonnade Dadeland Retail/Office Space

      Class A mixed-use building, ideal for medical or professional business.
      8390 SW 72Nd Ave, Miami, FL 33143
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      330,000 SF Miami Retail Center

      Multi-level power center anchored by major national retailers.
      8312 S Dixie Hwy, Miami, FL 33143
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near University of Miami

      Retail space available in high-income area near University of Miami.
      6600 SW 57Th Dr, South Miami, FL 33143
      View Details
    • Contact for pricing
      64,007 SF

      South Miami Retail Center Investment

      High-Visibility Retail Space in South Miami
      0 62 Ave, South Miami, FL 33143
      View Details
    • Contact for pricing
      64,007 SF

      South Miami Shopping Center Opportunity

      High-visibility retail center, 4 spaces available
      6226 Dixie Hwy, South Miami, FL 33143
      View Details
    • Contact for pricing
      3,532 SF

      Retail Space in Downtown Doral

      Retail space for lease in Downtown Doral shopping center.
      5335 NW 87Th St, Doral, FL 33143
      View Details
    • $43 SF/Yr
      4,272 SF

      Dixie Pointe Office Suites in Miami

      Prime Miami Office Space, Multiple Sizes Available
      8245 Dixie Hwy Miami, Miami, FL 33143
      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.
    5701 Sunset Dr
    South Miami, FL 33143-5348
    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.