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

    6500 Cow Pen Rd Ste, Unit 103 Miami Lakes, FL 33014-6604

    • Office buildings
    • 1,659 SF
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0888156
    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

    • Office buildings

    Property Details for 6500 Cow Pen Rd Ste

    Year built
    2004
    Property size
    1,659 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    32-2013-053-0030
    APU
    3220130530030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $697,000
      Market price range: $284k - $711k
      AI Estimate
      $455,000
      Market price range: $70.5k - $567k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $515,000
      Current use
      RETAIL STORES
      $950,000
      Change: +85% Conversion: Moderate
      MEDICAL BUILDING
      $730,000
      Change: +42% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $470,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Lakes
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.307
    Latitude
    25.9152
    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
    $6,224
    $0.00
    $0.00
    $456,225
    -
    $0.00
    $0.00
    $456,225

    Comparable in this City

    • Value Estimation
      $9,640,000
      48,998 SF

      15121 67th Ave

      OFFICE BUILDING (MULTI-STORY) • 48,998 SF
      15121 67th Ave, Miami Lakes, FL 33014-2106
      View Details
    • Value Estimation
      $2,810,000
      9,271 SF

      16300 59th Ave, Unit 12

      OFFICE BUILDING (MULTI-STORY) • 9,271 SF
      16300 59th Ave, Miami Lakes, FL 33014-5601
      View Details
    • Value Estimation
      $535,000
      1,977 SF

      5789 151st Stb

      OFFICE BUILDING (MULTI-STORY) • 1,977 SF
      5789 151st Stb, Miami Lakes, FL 33014-2424
      View Details
    • Value Estimation
      $1,080,000
      3,286 SF

      5801 151st St Ste, Unit 205

      OFFICE BUILDING (MULTI-STORY) • 3,286 SF
      5801 151st St Ste, Miami Lakes, FL 33014-2476
      View Details
    • Value Estimation by Request
      1,470 SF

      6175 153rd St Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 1,470 SF
      6175 153rd St Ste, Miami Lakes, FL 33014-2435
      View Details
    • Value Estimation by Request
      780 SF

      6175 153rd St Ste, Unit 303

      OFFICE BUILDING (MULTI-STORY) • 780 SF
      6175 153rd St Ste, Miami Lakes, FL 33014-2443
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Miami Lakes Office Building For Sale

      Office building in Miami Lakes with 24-hour access.
      5881 Nw 151St St, Hialeah, FL 33014
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      Miami Lakes Office Building For Sale

      Office building in a quiet neighborhood with easy highway access.
      5881 Nw 151St St, Hialeah, FL 33014
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      Miami Lakes Office Building For Sale

      Office building in Miami Lakes with 24-hour access.
      5881 NW 151St St, Hialeah, FL 33014
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    • $450,000

      Prime Miami Dry Cleaning Business

      Established, multi-location dry cleaning operation
      0 3-Location Dry Cleaning Business, Hialeah, FL 33014
      View Details
    • $5,399,000

      Remodeled Hialeah Office/Warehouse For Sale

      Remodeled office/warehouse with excellent access and ample parking.
      500 W 84Th St, Hialeah, FL 33014
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    • $1,114,000

      Adaptable Flex Office Suite

      2,320 sqft flex office suite suitable for various businesses.
      6181 Miami Lakes Dr E, Hialeah, FL 33014
      View Details

    Similar Nearby for Lease

    • $0.08 SF/Yr
      4,384 SF

      Prime NW Miami-Dade Office Space

      4,384 SF Freestanding Office Building
      16340 59Th Ave, Miami Lakes, FL 33014
      View Details
    • $49 SF/Yr
      807 SF

      Miami Lakes Office Suite for Lease

      Furnished Office, 807 sq ft, Prime Location
      7735 146Th St, Hialeah, FL 33014
      View Details
    • $8 SF/Yr
      20,853 SF

      Warehouse and Office Space Available

      Spacious warehouse and office combo with excellent highway access.
      7815 W 20Th Ave, Hialeah, FL 33014
      View Details
    • $24 SF/Yr
      62,000 SF

      Corporate Courts Office Space

      Miami Lakes Office Suites Available
      5881 151 St, Miami Lakes, FL 33014
      View Details
    • Contact for pricing

      Hialeah Office Suite - Sublease

      Prime Hialeah location, furnished office.
      1700 68Th St, Hialeah, FL 33014
      View Details
    • $32 SF/Yr
      1,070 SF

      Miami Lakes Corporate Office Space

      Prime Office, 1070 sq ft, Single Tenant
      6175 153 St, Miami Lakes, FL 33014
      View Details
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    6500 Cow Pen Rd Ste, Unit 103
    Miami Lakes, FL 33014-6604
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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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