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

    776 80Th St Miami, FL 33138

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4440488
    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

    • Commercial real estate

    Property Details for 776 80Th St

    Property type
    Commercial real estate

    Description

    This exceptional offering presents two expansive residential lots totaling $1,300,000, ideally positioned in Miami's rapidly developing Upper East Side neighborhood. Each lot offers significant development potential, with a combined asking price of $650,000. Located at 776 NE 80th St, Miami, FL 33138 (Miami-Dade County), this property boasts convenient access to major roadways, ensuring seamless connectivity throughout the region. The vibrant Miami Shores community provides a desirable residential setting, while the proximity to Biscayne Boulevard's thriving commercial corridors offers further investment advantages. The zoning allows for a diverse range of development options, from purely residential projects to dynamic mixed-use developments, catering to a wide spectrum of investment strategies. Residents will enjoy easy access to a wealth of amenities, including popular dining establishments, shopping centers, and entertainment venues. Furthermore, the property's strategic location provides quick access to the allure of Miami Beach and the dynamism of Downtown Miami. This presents a unique opportunity to capitalize on the area's remarkable growth trajectory and secure a prime piece of real estate in one of Miami's most sought-after neighborhoods. Don't miss this chance to acquire a significant piece of Miami's future.

    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
    -80.1807112
    Latitude
    25.8485408

    Comparable in this City

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    • $5,250,000
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      Biscayne Blvd Multifamily Land

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    • $2,400,000

      Miami Multifamily Investment Opportunity

      Six-unit apartment building, prime location.
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    • $3,150,000

      Waterfront Apartment Building in Miami

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    Similar Nearby for Sale

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      Miami Residential Land - 4,750 SF

      Prime Miami lot, buildable, T5 zoning.
      6345 1St Ave, Miami, FL 33138
      View Details
    • $1,875,000
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      Waterfront Oasis in Little River

      Five-unit building on a large lot in a Qualified Opportunity Zone.
      8440 NE 1St Ave, Miami, FL 33138
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    • $1,875,000
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      Waterfront Oasis in Little River

      Five-unit building on a large lot in Little River District.
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      View Details
    • $5,250,000
      1.50 Acres

      Biscayne Blvd Multifamily Land

      1.5-Acre Miami Shores Development Site
      10500 Biscayne Blvd, Miami Shores, FL 33138
      View Details
    • $2,400,000

      Miami Multifamily Investment Opportunity

      Six-unit apartment building, prime location.
      131 77Th St, Miami, FL 33138
      View Details
    • $3,150,000

      Waterfront Apartment Building in Miami

      Eight-unit waterfront apartment building in Miami Shores with modern amenities.
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    Similar Nearby for Lease

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    • $1,800 /Mo

      Renovated Shorecrest Apartment with Amenities

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      Modern 2 bed, 2 bath apartment in prime Miami location.
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      Cozy Gated Multifamily Apartment

      Move-in ready one-bedroom apartment with on-site laundry and parking.
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      Multifamily Units Available For Rent

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    776 80Th St
    Miami, FL 33138
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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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