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    8181 NW 154Th St Miami Lakes, FL 33016
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    Property profile & analytics

    8181 NW 154Th St Miami Lakes, FL 33016

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    • Office buildings
    • 59,973 SF
    • 2.01 lot acres
    For Sale
    $11,650,000
    View Listing →
    Miami Lakes Professional Office Space For Sale
    $11,650,000
    59,973 SF

    Miami Lakes Professional Office Space

    Professional office space in the heart of Miami Lakes.

    8181 NW 154th St, Miami Lakes, FL 33016
    View Listing
    Property ID
    US18-3613721
    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
    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 8181 NW 154Th St

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    2.01 lot acres
    Property size
    59,973 SF
    Zone code
    6900:SEMI PROFESS OFFICE
    Property type
    Office buildings
    APN
    32-2015-003-0010
    APU
    3220150030010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,650,000
      ML approach
      $11,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,731,000
      Market price range: $12.7M - $24.9M
      AI Estimate
      $7,340,000
      Market price range: $2.23M - $18.7M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $17,045,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Lakes
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3324
    Latitude
    25.9138
    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
    $122,883
    $1,749,760
    $5,850,240
    $7,600,000
    -
    $1,749,760
    $5,850,240
    $7,600,000

    Comparable in this City

    • Value Estimation
      $3,810,000
      16,885 SF

      8001 Oak Ln

      OFFICE BUILDING • 16,885 SF
      8001 Oak Ln, Miami Lakes, FL 33016-5825
      View Details
    • Value Estimation by Request
      1,070 SF

      7600 20th Ave Ste, Unit 108

      OFFICE BUILDING (MULTI-STORY) • 1,070 SF
      7600 20th Ave Ste, Hialeah, FL 33016-1895
      View Details
    • Value Estimation by Request
      876 SF

      14100 Palmetto Frntg Rd Ste, Unit 109

      OFFICE BUILDING (MULTI-STORY) • 876 SF
      14100 Palmetto Frntg Rd Ste, Miami Lakes, FL 33016-1644
      View Details
    • Value Estimation by Request
      1,187 SF

      14100 Palmetto Frntg Rd Ste, Unit 110

      OFFICE BUILDING (MULTI-STORY) • 1,187 SF
      14100 Palmetto Frntg Rd Ste, Miami Lakes, FL 33016-1568
      View Details
    • Value Estimation by Request
      197 SF

      14100 Palmetto Frntg Rd Ste, Unit 116

      OFFICE BUILDING (MULTI-STORY) • 197 SF
      14100 Palmetto Frntg Rd Ste, Miami Lakes, FL 33016-1568
      View Details
    • Value Estimation by Request
      413 SF

      2300 84th St Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 413 SF
      2300 84th St Ste, Hialeah, FL 33016-5771
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hialeah Gardens Retail/Office Space

      690 SF retail or office space in Hialeah Gardens.
      10550 Nw 77Th Ct, Hialeah Gardens, FL 33016
      View Details
    • $413,000

      Hialeah Office in Business District

      Office space in Miami Lakes Business District, Hialeah, Florida.
      Hialeah, FL 33016
      View Details
    • $133,200

      Hialeah Office Suite For Sale

      Professional office suite in Hialeah's Village Bank Center.
      2100 W 76Th St, Hialeah, FL 33016
      View Details
    • Contact for pricing

      Medical Office in Palmetto Plaza

      Move-in ready medical office space available for sublease.
      7100 W 20Th Ave, Hialeah, FL 33016
      View Details
    • $1,100,000
      2,914 SF

      Miami Lakes Recording Studio

      Turnkey creative space in Miami Lakes for sale.
      14066 NW 82Nd Ave, Miami Lakes, FL 33016
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Boutique Office Building for Lease

      Three-story office building with convenient expressway access in Hialeah.
      14361 Commerce Way, Hialeah, FL 33016
      View Details
    • Contact for pricing

      Secured Office Building For Lease

      42,000 SF office building with security features.
      14411 Commerce Way, Miami Lakes, FL 33016
      View Details
    • Contact for pricing
      2,840 SF

      Miami Lakes Office Space Available

      Two-story office building in Miami Lakes Business Park West.
      15280 Northwest 79Th Ct, Miami Lakes, FL 33016
      View Details
    • Contact for pricing

      Secured Office Building in Miami Lakes

      Four-story office building with on-site management in Miami Lakes.
      14411 Commerce Way, Miami Lakes, FL 33016
      View Details
    • Contact for pricing

      Office Building in Miami Lakes

      Two-story multi-tenant office building in Miami Lakes Business Park.
      15050 NW 79Th Ct, Hialeah, FL 33016
      View Details
    • $2,700 /Mo
      Pending

      Hialeah Gardens Warehouse and Office

      Warehouse and office space for lease in Hialeah Gardens.
      9325 W Okeechobee Rd, Hialeah Gardens, FL 33016
      View Details

    Property Visit Statistics

    • Visits by month
      14.3k
    • Visitors by month
      10.2k
    • Avg Time on site
      8 min
    View Listing
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    Miami Lakes, FL 33016
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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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