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    Property profile & analytics

    8280 66Th St Miami, FL 33166

    • Manufacturing properties
    • 4,685 SF
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5922520
    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 8280 66Th St

    Year built
    1984
    Property size
    4,685 SF
    Zone code
    7600:INTENSIVE USE
    Property type
    Manufacturing properties
    APN
    22-3015-042-0010
    APU
    2230150420010

    Description

    This newly remodeled Medley warehouse, located at 8280 NW 66th St, offers 4,816 square feet of warehouse space and an additional 708 square feet of office space. The property boasts a desirable single-tenant occupancy and features a 20-foot ceiling height, ideal for various industrial uses. Situated in Miami, Florida, with a zip code of 33166, this property is conveniently located and easily accessible. The zoning designation is 7600. The warehouse is part of a single-suite building, identified by APN 22-30-15-042-0010. This industrial property presents a fantastic opportunity for businesses seeking a functional and well-maintained space. The total building area is approximately 4,900 square feet. Lease terms require first month's rent and a two-month security deposit. This property is classified as Industrial, with a Warehouse subtype. Invest in this prime Miami location today.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $888,000
      Market price range: $742k - $1.43M
      AI Estimate
      $474,000
      Market price range: $175k - $998k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,075,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3316
    Latitude
    25.8327
    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
    $11,642
    $0.00
    $0.00
    $702,750
    -
    $0.00
    $0.00
    $702,750

    Comparable in this City

    • Value Estimation
      $2,170,000
      18,498 SF

      7290 43rd St

      PROCESSING PLANT (CEMENT, GRAVEL) • 18,498 SF
      7290 43rd St, Miami, FL 33166-6402
      View Details
    • Value Estimation
      $515,000
      3,030 SF

      7211 46th St

      MANUFACTURING (LIGHT) • 3,030 SF
      7211 46th St, Miami, FL 33166-6422
      View Details
    • Value Estimation
      $1,610,000
      7,938 SF

      7740 55th St

      MANUFACTURING (LIGHT) • 7,938 SF
      7740 55th St, Doral, FL 33166-4112
      View Details
    • Value Estimation
      $4,620,000
      25,036 SF

      8253 56th St

      MANUFACTURING (LIGHT) • 25,036 SF
      8253 56th St, Doral, FL 33166-4028
      View Details
    • Value Estimation by Request
      2,400 SF

      7226 56th St

      MANUFACTURING (LIGHT) • 2,400 SF
      7226 56th St, Miami, FL 33166-4247
      View Details
    • Value Estimation by Request
      2,400 SF

      7320 56th St

      MANUFACTURING (LIGHT) • 2,400 SF
      7320 56th St, Miami, FL 33166-4204
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      118,350 SF

      Miami Industrial Property: 118,350 SF

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    • $16 SF/Yr
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      Medley Industrial Space For Lease

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    • Contact for pricing
      5,300 SF

      Doral Medley Warehouse For Lease

      5,300 SF Industrial Space - Miami
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      View Details
    • $17,455 /Mo

      Doral Warehouse with Secured Lot

      9,521 SF warehouse with fenced lot in Doral.
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      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
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    8280 66Th St
    Miami, FL 33166
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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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