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    611 86Th St Miami, FL 33138
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    Property profile & analytics

    611 86Th St, Miami, FL 33138

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    • Commercial real estate
    Off-Market
    Property ID
    US18-1561456
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 611 86Th St

    Property type
    Commercial real estate

    Description

    This exceptional 1,000-square-foot retail space at 611 NE 86th Street in Miami, Florida, presents a unique investment opportunity. Located in the vibrant 33138 zip code, this single-tenant property is ideally positioned just behind Pinch Restaurant and a short distance from Biscayne Boulevard, ensuring high visibility and foot traffic. The property's zoning (6100) allows for a diverse range of uses, including restaurants, coffee shops, barbershops, bars, taverns, office spaces, medical facilities, and other retail outlets, providing flexibility for potential tenants. The building features a total of one suite, offering a convenient and manageable space for a single business. Ample parking is available, with up to 30 spaces shared among tenants, ensuring easy access for customers and employees. The property's APN is 01-32-06-028-0950. This location offers a blend of accessibility and proximity to key areas, making it an attractive proposition for a variety of businesses seeking a prime Miami location. This is a rare opportunity to acquire a well-situated retail property with significant potential for growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1845426
    Latitude
    25.8544812

    Comparable in this City

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      2,562 SF

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      3,200 SF

      Neighborhood Shopping Center Retail Space

      Retail space in a busy neighborhood shopping center.
      8000 NE 5Th Ave, Miami, FL 33138
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      Biscayne Boulevard Retail Spaces Available

      Retail spaces available on Biscayne Boulevard, Miami.
      8320-B Biscayne Blvd, Miami, FL 33138
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      Little River Creative Flex Space

      Single tenant flex space available for rent in Little River.
      297 NE 67Th St, Miami, FL 33138
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      800 SF

      Retail Space Available For Rent

      Retail space available for lease in Miami, Florida.
      8267 NE 2Nd Ave, Miami, FL 33138
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      1,333 SF

      Retail Space Available for Rent

      Retail space available for rent in Miami, Florida.
      553-561 NE 79Th St, Miami, FL 33138
      View Details

    Similar Nearby for Sale

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      5,177 SF

      Unique Retail Property with Parking

      Freestanding retail property in prime location with frontage and parking.
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      Restaurant Ready for Immediate Occupancy

      Free-standing restaurant building on NE 79th St for sale.
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      Turnkey Outdoor Culinary Venue

      Unique outdoor venue in Miami's Little River district.
      & Culinary Venue Turnkey Outdoor Beer Gdn, Miami, FL 33138
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    Similar Nearby for Lease

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      2,562 SF

      Retail Space in Shore Square

      Neighborhood shopping center with retail space available for lease.
      9007 Biscayne Blvd, Miami Shores, FL 33138
      View Details
    • Contact for pricing
      3,200 SF

      Neighborhood Shopping Center Retail Space

      Retail space in a busy neighborhood shopping center.
      8000 NE 5Th Ave, Miami, FL 33138
      View Details
    • Contact for pricing

      Biscayne Boulevard Retail Spaces Available

      Retail spaces available on Biscayne Boulevard, Miami.
      8320-B Biscayne Blvd, Miami, FL 33138
      View Details
    • Contact for pricing

      Little River Creative Flex Space

      Single tenant flex space available for rent in Little River.
      297 NE 67Th St, Miami, FL 33138
      View Details
    • Contact for pricing
      800 SF

      Retail Space Available For Rent

      Retail space available for lease in Miami, Florida.
      8267 NE 2Nd Ave, Miami, FL 33138
      View Details
    • Contact for pricing
      1,333 SF

      Retail Space Available for Rent

      Retail space available for rent in Miami, Florida.
      553-561 NE 79Th St, Miami, FL 33138
      View Details
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    611 86Th St
    Miami, FL 33138
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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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