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    715 Opa Locka Blvd Miami, FL 33168-2928
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    Property profile & analytics

    715 Opa Locka Blvd, Miami, FL 33168-2928

    View on Map
    • Gas stations
    • 4,406 SF
    • 0.73 lot acres
    Off-Market
    Last Sale Jan 13, 2021
    $2,550,000
    Property ID
    US19-0649345
    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
    $2,860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 715 Opa Locka Blvd

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.73 lot acres
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Gas stations
    APN
    30-2123-009-0010
    APU
    3021230090010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 13, 2021 $2,550,000 Trinity Petro LLC Opalocka Gas R E Holding Petro Warranty Deed —
    Jan 13, 2021 $15,000,000 Cherry,ernest M JR Trust Trinity Petro LLC Grant Deed —
    May 28, 2019 — Petro Opalocka Gas R & E Holding — Deed · related $1.1M · Specialized Properties INC
    May 5, 2006 $1,275,000 Opalocka Gas R E Holding Petro Specialized Properties INC Warranty Deed $1M · Specialized Properties INC
    — — Petro Opalocka Gas R & E Holding — Loan Modification · related $1.1M · Specialized Properties INC
    — — Opalocka Gas R Petro — Loan Modification · related $1.1M · Specialized Properties INC
    — — Opa Locka Gas R E Holdin Petro — Deed Of Trust · related —
    — — Opalocka Gas R E Holding Petro — Deed Of Trust · related $1M · Specialized Properties INC
    — — Opalocka Gas R E Holding Petro — Deed Of Trust · related $120k · Specialized Properties INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,320,000
      ML approach
      $3,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,636,000
      Market price range: $2.07M - $5.62M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $3,590,000
      Current use
      COMMERCIAL (GENERAL)
      $3,255,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $3,005,000
      Change: -16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,880,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2118
    Latitude
    25.9001
    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
    $18,611
    $955,500
    $176,976
    $1,132,476
    -
    $955,500
    $176,976
    $1,132,476

    Comparable in this City

    • Value Estimation by Request
      4,568 SF

      11901 7th Ave

      SERVICE STATION WITH FOOD MART
      11901 7th Ave, North Miami, FL 33168-2513
      View Details
    • Value Estimation by Request
      2,912 SF

      12500 7th Ave

      SERVICE STATION (FULL SERVICE)
      12500 7th Ave, North Miami, FL 33168-2620
      View Details
    • Value Estimation by Request
      1,372 SF

      14601 7th Ave

      SERVICE STATION (FULL SERVICE)
      14601 7th Ave, Miami, FL 33168-3029
      View Details
    • Value Estimation by Request
      7,296 SF

      11899 7th Ave

      SERVICE STATION WITH FOOD MART
      11899 7th Ave, Miami, FL 33168-2511
      View Details
    • Value Estimation
      $2,345,000
      6,336 SF

      13500 7th Ave

      SERVICE STATION (FULL SERVICE)
      13500 7th Ave, Miami, FL 33168-2920
      View Details
    • Value Estimation by Request
      3,325 SF

      650 137th St

      SERVICE STATION (FULL SERVICE)
      650 137th St, North Miami, FL 33168
      View Details

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      Recently constructed property leased to Take 5 Oil Change.
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      North Miami Retail/Office Opportunity

      Spacious building in North Miami, ideal for office or redevelopment.
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      2,964 SF

      High-Traffic Retail Property For Sale

      Retail property with high visibility and excellent connectivity.
      13250 NW 7Th Ave, North Miami, FL 33168
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    Similar Nearby for Lease

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      1,680 SF

      Retail Space in Miami Center

      Retail space available in a neighborhood shopping center.
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      742 SF

      Retail Space Near Major Roads

      Retail property with frontage on a major commuter road.
      835-865 NW 119Th St N, Miami, FL 33168
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      North Miami Retail Space Available

      Versatile retail space in a high-traffic North Miami neighborhood.
      12208 NW 7Th Ave, North Miami, FL 33168
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      1,770 SF

      Retail Space Near Major Roadways

      Retail space with frontage on a major commuter road.
      805-839 NW 119Th St, Miami, FL 33168
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    • Contact for pricing
      11,500 SF

      Retail Space in High-Traffic Area

      Retail center with 13,000 SF rentable space on US-441.
      13490 NW 7Th Ave, North Miami, FL 33168
      View Details
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    Miami, FL 33168-2928
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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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