Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6855 152nd St Palmetto Bay, FL 33157-2623
    Back to Search
    Property profile & analytics

    6855 152nd St, Palmetto Bay, FL 33157-2623

    View on Map
    • Schools
    • 19,277 SF
    • 18.39 lot acres
    Off-Market
    Property ID
    US18-5272988
    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
    $1,385,000
    Cap Rate Potential
    Location Intelligence

    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 6855 152nd St

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    18.39 lot acres
    Zone code
    2300:ESTATES,1 ACRE
    Property type
    Schools
    APN
    33-5023-000-0830
    APU
    3350230000830

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Westminster Christian Private — Deed Of Trust · related $19M · Compass Mtg

    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
    Palmetto Bay
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3044
    Latitude
    25.6318
    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
    $0.00
    $11,953,500
    $26,494,480
    $38,447,980
    -
    $11,953,500
    $26,494,480
    $38,447,980

    Comparable in this City

    • Value Estimation
      $1,175,000
      16,223 SF

      7900 176th St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      7900 176th St, Palmetto Bay, FL 33157-6242
      View Details
    • Value Estimation by Request
      4,428 SF

      8001 184th St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      8001 184th St, Palmetto Bay, FL 33157-7413
      View Details
    • Value Estimation by Request
      1,879 SF

      9777 Indigo St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      9777 Indigo St, Palmetto Bay, FL 33157-5643
      View Details
    • Value Estimation by Request
      3,534 SF

      9771 Indigo St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      9771 Indigo St, Palmetto Bay, FL 33157-5643
      View Details
    • Value Estimation by Request
      9,614 SF

      9701 152nd St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      9701 152nd St, Miami, FL 33157-1704
      View Details
    • Value Estimation by Request
      9,420 SF

      10825 184th St

      COLLEGE, UNIVERSITY, VOC SCHOOL
      10825 184th St, Cutler Bay, FL 33157-6736
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,974 SF

      Mammoth Car Wash Investment Opportunity

      Miami car wash for sale with long-term NNN lease.
      18210 S Dixie Hwy, Miami, FL 33157
      View Details
    • $500,000

      Royal Harbour Yacht Club Boat Slip

      42-foot boat slip in Palmetto Bay's Royal Harbour.
      6200 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $650,000

      Established Business Opportunity in Cutler Bay

      Operating business with substantial monthly income in Cutler Bay, Florida.
      Cutler Bay, FL 33157
      View Details
    • $1,900,000

      Established Liquor Store Business Opportunity

      Long-standing liquor store with website in prime Miami location.
      Miami, FL 33157
      View Details
    • $499,000

      Banquet Hall Business Opportunity

      Profitable banquet hall/event venue in high-traffic Cutler Bay area.
      Established Banquet Hall In Cutler Bay, Cutler Bay, FL 33157
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Condo in Cutler Bay

      1,360 SF industrial condo for lease in Cutler Bay.
      19101 SW 108Th Ave, Cutler Bay, FL 33157
      View Details
    • $16 SF/Yr
      22,166 SF

      Cutler Bay Warehouse Space Available

      Small bay industrial spaces for lease in Cutler Bay.
      10810 SW 188Th St, Cutler Bay, FL 33157
      View Details
    • Contact for pricing
      3,750 SF

      Retail Space on South Dixie

      Retail space with high visibility and ample parking.
      15657 S Dixie Hwy, Miami, FL 33157
      View Details
    • Contact for pricing
      6,000 SF

      Industrial-Flex Space in Cutler Bay

      Industrial-flex space in South Dade Commercial District, Cutler Bay, FL.
      10655 SW 190Th Ter, Cutler Bay, FL 33157
      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.
    6855 152nd St
    Palmetto Bay, FL 33157-2623
    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

    Thank You for Inquiry
    6855 152nd St, Palmetto Bay, FL, 33157
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!