Add Listing
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

    5928 68th St South Miami, FL 33143-3524

    • Schools
    • 2,507 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2799004
    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 5928 68th St

    Year built
    1957
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    2,507 SF
    Zone code
    6506:COMMERCIAL
    Property type
    Schools
    APN
    09-4025-028-1460
    APU
    940250281460

    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
    -80.29
    Latitude
    25.7076
    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
    $186
    $365,000
    $166,989
    $531,989
    -
    $365,000
    $166,989
    $531,989

    Comparable in this City

    • Value Estimation by Request
      3,504 SF

      7410 Sunset Dr

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,504 SF
      7410 Sunset Dr, Miami, FL 33143-4130
      View Details
    • Value Estimation by Request
      5,405 SF

      7515 61st Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 5,405 SF
      7515 61st Ave, South Miami, FL 33143-5011
      View Details
    • Value Estimation by Request
      3,403 SF

      6050 57th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,403 SF
      6050 57th Ave, Miami, FL 33143-2346
      View Details
    • Value Estimation
      $780,000
      23,409 SF

      5651 82nd Ave Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 23,409 SF
      5651 82nd Ave Rd, Miami, FL 33143-1617
      View Details
    • Value Estimation
      $815,000
      26,127 SF

      6500 57th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 26,127 SF
      6500 57th Ave, South Miami, FL 33143
      View Details
    • Value Estimation
      $1,465,000
      44,377 SF

      8512 57th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 44,377 SF
      8512 57th Ave, Miami, FL 33143
      View Details

    Similar Nearby for Sale

    • $4,200,000

      South Miami Development Opportunity

      Five prime lots, ideal investment.
      62 66Th St, Miami, FL 33143
      View Details
    • $3,250,000

      Commercial Condo Near Hospitals

      Commercial condominium near hospitals and transportation.
      6141 Sunset Dr, South Miami, FL 33143
      View Details
    • $10,900,000

      Meticulously Maintained Dadeland Office Building

      Two-story office building in Dadeland Pavilion with ample parking.
      6900 SW 80Th St, Miami, FL 33143
      View Details
    • $1,400,000
      Pending

      Established Pharmacy Business Opportunity

      Retail & LTC pharmacy operating for over 18 years.
      Retail And Closed Door High Volume Pharmacy, Miami, FL 33143
      View Details
    • Contact for pricing

      South Dixie Highway Commercial Space

      Commercial space for sale on South Dixie Highway.
      8603 South Dixie Hwy, Miami, FL 33143
      View Details
    • $2,250,000
      Pending

      Oversized Corner Lot in High Pines

      Rare 12,500 SF corner lot in Miami's High Pines.
      5335 SW 74Th St, Miami, FL 33143
      View Details

    Similar Nearby for Lease

    • $0.08 SF/Yr
      9,229 SF

      South Miami Retail Space For Lease

      9,229 SF Retail, TOD Location
      7025 59 Pl, South Miami, FL 33143
      View Details
    • $150 SF/Yr
      200 SF

      High-End Medical Spa Suites

      Prime Medical Office Space Available
      7245 57 Ct, 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
    • $0.22 SF/Yr
      1,500 SF

      Prime Warehouse Space, SW Miami

      1500 sq ft Single-Tenant Warehouse
      6840 81St Ter, Miami, FL 33143
      View Details
    • Contact for pricing
      4,617 SF

      Plug and Play Freezer/Cooler Space

      4,617 SF warehouse with freezer/cooler space near Miami Airport.
      8601-8615 NW 64Th St, 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.
    5928 68th St
    South Miami, FL 33143-3524
    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.
    Sign Up Successful!
    You now have access to more from Realmo!