Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    6951 16th St Miami, FL 33126-1324
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6951 16th St Miami, FL 33126-1324

    View on Map
    • Warehouses
    • 15,691 SF
    • 0.91 lot acres
    Off-Market
    Property ID
    US18-4359050
    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
    $2,420,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MDG AIRLINE SERVICES, INC / Logistics Company / Moving Company
    • JGP Engineering Group P.A. / Engineering Consultant
    • JGP Engineering Group / Engineering Consultant

    Property Details for 6951 16th St

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    0.91 lot acres
    Property size
    15,691 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Warehouses
    APN
    30-3035-003-0110
    APU
    3030350030110

    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
    -80.3095
    Latitude
    25.7896
    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
    $46,209
    $1,382,290
    $1,565,710
    $2,948,000
    -
    $1,382,290
    $1,565,710
    $2,948,000

    Comparable in this City

    • Value Estimation
      $7,535,000
      53,228 SF

      1303 78th Ave

      WAREHOUSE, STORAGE • 53,228 SF
      1303 78th Ave, Doral, FL 33126-1605
      View Details
    • Value Estimation
      $24,980,000
      201,399 SF

      1801 82nd Ave

      WAREHOUSE, STORAGE • 201,399 SF
      1801 82nd Ave, Doral, FL 33126-1013
      View Details
    • Value Estimation
      $21,975,000
      119,839 SF

      1700 82nd Ave

      WAREHOUSE, STORAGE • 119,839 SF
      1700 82nd Ave, Doral, FL 33126-1016
      View Details
    • Value Estimation
      $2,250,000
      14,020 SF

      7280 8th St

      WAREHOUSE, STORAGE • 14,020 SF
      7280 8th St, Miami, FL 33126-2937
      View Details
    • Value Estimation
      $1,710,000
      11,018 SF

      7340 8th St

      WAREHOUSE, STORAGE • 11,018 SF
      7340 8th St, Miami, FL 33126-2922
      View Details
    • Value Estimation
      $1,590,000
      9,762 SF

      7460 8th St

      WAREHOUSE, STORAGE • 9,762 SF
      7460 8th St, Miami, FL 33126-2913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,210 SF

      Warehouse/Flex Unit in Airport West

      Well-maintained warehouse/flex unit in Miami's Airport West submarket.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      Industrial Warehouse with Cooler

      5,375 SF warehouse with office and cooler for sublease.
      7172 NW 12Th St, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Unit Office/Warehouse Sub-Lease

      9,015 SF office/warehouse unit available for sublease.
      1551 NW 82Nd Ave, Miami, FL 33126
      View Details
    • $15,000 /Mo

      Warehouse with Cooler in Miami

      Industrial warehouse sublease with cooler, near Miami International Airport.
      7172 NW 12Th St, Miami, FL 33126
      View Details
    • $2,800 /Mo

      Doral Flex Space Available

      Industrial warehouse-office unit in a prime Doral location.
      7311 NW 12Th St, Miami, FL 33126
      View Details
    • Contact for pricing
      6,200 SF

      Warehouse Space with Dock Doors

      12,400 SF warehouse with 5 dock doors available for lease.
      6701 NW 7Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      5,400 SF Flex Space Available

      Flex space with office, reception, and dock height position.
      1521 NW 82Nd Ave, Miami, FL 33126
      View Details
    • Contact for pricing

      8310 NW 14th St, Doral, FL 33126

      Warehouses
      8310 NW 14Th St, Doral, FL 33126
      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.
    6951 16th St
    Miami, FL 33126-1324
    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!