Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    681 108th St Miami, FL 33168-3255

    Property Lookup

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

    681 108th St Miami, FL 33168-3255

    View on Map
    • Office buildings
    • 9,265 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US19-0884752
    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
    $2,180,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arise Tax Consultants Inc / Accounting Firm / Tax Preparation
    • Aura Skincare / Medical Clinic / Skin Care Clinic
    • Adam and Eve Salon Suites / Hair Salon / Nail Salon
    • Venus Beautiful Salon / Hair Salon
    • Style Me Pretty LLC / Hair Salon / Nail Salon

    Property Details for 681 108th St

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    9,265 SF
    Zone code
    6062
    Property type
    Office buildings
    APN
    30-2136-018-2560
    APU
    3021360182560

    Description

    This exceptional investment opportunity presents a two-story, 11,133 square foot office building in Miami, Florida, currently operating as 33 individual salon suites. Located at 681 NW 108th St, 33168, this property boasts a prime location adjacent to I-95, experiencing approximately 240,000 daily vehicle pass-bys. The building, constructed in 1972 and extensively renovated in 2024, sits on a 0.77-acre lot (APN: 30-21-36-018-2560) and is zoned UC-MC, offering significant redevelopment potential, including the possibility of expanding up to four stories. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $500,000 annually, representing a 10.31% cap rate. The asking price is $4,850,000, offering a strong return on investment. Individual salon suites range from 90 to under 200 square feet. While the second floor is fully stabilized, the first floor is currently in the lease-up phase. This presents a value-add opportunity with significant upside potential for increased revenue upon full stabilization. This fee-simple ownership provides a stable and lucrative investment in a high-traffic location.

    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
    -80.2095
    Latitude
    25.8738
    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
    $12,364
    $333,990
    $447,376
    $781,366
    -
    $333,990
    $447,376
    $781,366

    Comparable in this City

    • Value Estimation
      $4,790,000
      10,601 SF

      655 107th St

      OFFICE BUILDING (MULTI-STORY) • 10,601 SF
      655 107th St, Miami, FL 33168-3256
      View Details
    • Value Estimation
      $625,000
      2,024 SF

      816 119th St

      OFFICE BUILDING • 2,024 SF
      816 119th St, Miami, FL 33168-2337
      View Details
    • Value Estimation
      $870,000
      2,286 SF

      11501 2nd Ave

      OFFICE BUILDING • 2,286 SF
      11501 2nd Ave, Miami, FL 33168-4401
      View Details
    • Value Estimation
      $1,360,000
      5,000 SF

      10812 6th Ct

      OFFICE BUILDING • 5,000 SF
      10812 6th Ct, Miami, FL 33168-3259
      View Details
    • Value Estimation
      $3,455,000
      11,290 SF

      650 120th St

      OFFICE BUILDING (MULTI-STORY) • 11,290 SF
      650 120th St, North Miami, FL 33168-2529
      View Details
    • Value Estimation
      $2,060,000
      3,720 SF

      920 119th St

      OFFICE BUILDING • 3,720 SF
      920 119th St, Miami, FL 33168-2339
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Miami Shores Salon Suites Opportunity

      Two-story office building with redevelopment potential in Miami Shores.
      681 Northwest 108Th Street Cir, Miami, FL 33168
      View Details
    • Contact for pricing

      Office Space For Self-Employed

      Personal office space available with 24-hour access and included electricity.
      77 Nw 146Th St, Miami, FL 33168
      View Details
    • New
      $2,850,000
      6,020 SF

      Flex/Industrial Asset on I-95

      High-visibility flex/industrial building with leasing upside in North Miami.
      625 NW 121St Rd, North Miami, FL 33168
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      2,548 SF

      Renovated Commercial Space Near I-95

      Versatile commercial property near I-95, suitable for various industrial uses.
      10822 Nw 7Th Ave, Miami, FL 33168
      View Details
    • $2,500 /Mo

      Biscayne Gardens 2BR Unit Rental

      Spacious 2BR unit with yard, near highways and shopping.
      14601 NW 10Th Ave, Miami, FL 33168
      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.
    681 108th St
    Miami, FL 33168-3255
    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!