Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7307 61st St Miami, FL 33166-3703

    • Manufacturing properties
    • 2,047 SF
    OFF-MARKET
    Last Sale
    Aug 27, 2024
    $655,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6053932
    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

    • Manufacturing properties

    Property Details for 7307 61st St

    Year built
    1979
    Property size
    2,047 SF
    Zone code
    7600:INTENSIVE USE
    Property type
    Manufacturing properties
    APN
    30-3014-028-0040
    APU
    3030140280040

    Description

    This exceptional 2,047-square-foot flex space, located at 7307 NW 61st Street in Miami, Florida, presents a fantastic opportunity for businesses seeking a versatile industrial property. Situated in the Airport East submarket of Miami-Dade County, this single-tenant building offers convenient access to major transportation routes. The property boasts a fully air-conditioned interior, ensuring a comfortable and productive work environment. Modern LED lighting throughout the warehouse space enhances efficiency and reduces energy costs. A small, integrated office area provides a dedicated space for administrative tasks and client meetings. Furthermore, the property features convenient street-level loading, streamlining the loading and unloading process for optimal operational efficiency. The property's location in the Airport East submarket offers excellent connectivity to Miami International Airport and other key logistical hubs. This makes it an ideal location for businesses requiring easy access to transportation networks and distribution channels. The zip code for this property is 33166. This single-tenant industrial building is perfect for a variety of businesses seeking a functional and well-equipped space in a prime Miami location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3159
    Latitude
    25.8293
    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
    $4,887
    $0.00
    $0.00
    $286,580
    -
    $0.00
    $0.00
    $286,580

    Comparable in this City

    • Value Estimation by Request

      7206 72Nd Ave

      Distribution properties
      7206 72Nd Ave, Miami, FL 33166
      View Details
    • Value Estimation by Request

      7955 77Th Ave

      Distribution properties
      7955 77Th Ave, Medley, FL 33166
      View Details
    • Value Estimation by Request
      1,320 SF

      7215 41st St N N Ste

      MANUFACTURING (LIGHT) • 1,320 SF
      7215 41st St N N Ste, Miami, FL 33166-6701
      View Details
    • Value Estimation by Request
      1,320 SF

      7215 41st St Ste L

      MANUFACTURING (LIGHT) • 1,320 SF
      7215 41st St Ste L, Miami, FL 33166-6701
      View Details
    • Value Estimation
      $3,285,000
      16,187 SF

      5550 84th Ave

      MANUFACTURING (LIGHT) • 16,187 SF
      5550 84th Ave, Doral, FL 33166-3335
      View Details
    • Value Estimation
      $1,330,000
      6,656 SF

      7300 84th Ave

      MANUFACTURING (LIGHT) • 6,656 SF
      7300 84th Ave, Medley, FL 33166-2343
      View Details

    Similar Nearby for Sale

    • $3,150,000

      Medley Industrial Building For Sale

      Free-standing industrial building in Medley with flexible business uses.
      7165-7185 NW 77Th Ter, Medley, FL 33166
      View Details
    • $1,225,000

      Industrial Condo Warehouse Near Airport

      3,556 SF industrial condo warehouse minutes from Doral and MIA.
      7104 NW 50Th St, Miami, FL 33166
      View Details
    • $500,000

      Medley Warehouse For Sale

      Warehouse suitable for logistics, distribution, manufacturing, or e-commerce storage.
      8349 NW 64Th St, Medley, FL 33166
      View Details
    • $35,000

      Medley Warehouse Business Opportunity

      Established cabinet business with equipment and materials included in sale.
      7913 NW 64Th St, Medley, FL 33166
      View Details
    • $9,000,000
      8,507 SF

      Doral Industrial Site For Sale

      8,507 SF Manufacturing/Warehouse
      5075 79 Ave, Doral, FL 33166
      View Details
    • Contact for pricing

      Cosmetic Manufacturing Facility in Doral

      Turn-key, FDA-compliant cosmetic manufacturing facility with office and warehouse space.
      7762 NW 46Th St, Doral, FL 33166
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      118,350 SF

      Miami Industrial Property: 118,350 SF

      Rare Free-Standing Warehouse/Showroom, 5 Acres
      4225 72Nd Ave, Miami, FL 33166
      View Details
    • $19 SF/Yr
      3,000 SF

      Medley Industrial Space For Lease

      3,000 SF Flex Space in Medley, FL
      7551 77 Ter, Medley, FL 33166
      View Details
    • Contact for pricing
      5,300 SF

      Doral Medley Warehouse For Lease

      5,300 SF Industrial Space - Miami
      5220 72Nd Ave, Miami, FL 33166
      View Details
    • $16 SF/Yr
      20,817 SF

      Medley Industrial Space For Lease

      20,817 SF Manufacturing/Warehouse in Medley, FL
      7955 77 Ave, Medley, FL 33166
      View Details
    • $19 SF/Yr
      4,800 SF

      Medley Industrial Space For Lease

      4,800 SF Manufacturing/Flex Space in Medley, FL
      10150 Riv Dr, Medley, FL 33166
      View Details
    • $7 SF/Yr
      60,984 SF

      Doral Industrial Site For Sale/Lease

      Prime Doral Warehouse, 60,984 SF
      5075 79 Ave, Doral, FL 33166
      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.
    7307 61st St
    Miami, FL 33166-3703
    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!