Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8425 56th St Miami, FL 33166

    Property Lookup

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

    8425 56th St Miami, FL 33166

    View on Map
    • Manufacturing properties
    • 28,210 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US18-0143053
    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
    $5,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 8425 56th St

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.90 lot acres
    Property size
    28,210 SF
    Zone code
    7600:INTENSIVE USE
    Property type
    Manufacturing properties
    APN
    35-3022-000-0640
    APU
    3530220000640

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,315,000
      6.5%
      $5,830,000
      7%
      $5,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,654,000
      Market price range: $4.47M - $8.60M
      AI Estimate
      $3,554,000
      Market price range: $1.05M - $6.01M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,475,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $8,020,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3344
    Latitude
    25.8249
    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
    $68,740
    $1,559,800
    $3,702,200
    $5,262,000
    -
    $1,559,800
    $3,702,200
    $5,262,000

    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
      $1,330,000
      6,656 SF

      7300 84th Ave

      MANUFACTURING (LIGHT) • 6,656 SF
      7300 84th Ave, Medley, FL 33166-2343
      View Details
    • Value Estimation by Request
      1,558 SF

      8171 91st Ter Ste, Unit 3

      MANUFACTURING (LIGHT) • 1,558 SF
      8171 91st Ter Ste, Medley, FL 33166-2118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Near Miami Airport

      3,115 SF warehouse suitable for light manufacturing or logistics.
      5220 NW 72Nd Ave, Miami, FL 33166
      View Details
    • $885,000

      Miami Industrial Warehouse Condo

      2,361 SF industrial warehouse condo in prime Miami location.
      7311 NW 56Th St, Miami, FL 33166
      View Details
    • $1,200,000
      5,000 SF

      Turn-Key Food Manufacturing Facility

      Equipped food manufacturing facility for sauces, syrups, and liquid foods.
      NW 68Th St, Medley, FL 33166
      View Details
    • $40,334

      Doral Industrial Warehouse Opportunity

      Industrial warehouse in Doral, ideal for distribution or manufacturing.
      8420 NW 58Th St, Doral, FL 33166
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medley Industrial Warehouse Space

      Functional industrial warehouse space perfect for distribution or manufacturing.
      7441 NW 78Th St, Miami, 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
    • Contact for pricing

      Functional Industrial Warehouse Space

      Tilt-up concrete buildings suitable for distribution or manufacturing.
      10150 South River Dr, Medley, FL 33166
      View Details
    • $17,455 /Mo

      Doral Warehouse with Secured Lot

      9,521 SF warehouse with fenced lot in Doral.
      8000 NW 56Th St, Doral, FL 33166
      View Details
    • Contact for pricing

      Medley Industrial Park Warehouse Space

      Functional industrial warehouse space in Medley Palmetto Industrial Park.
      7860 NW 76Th Ave, Medley, FL 33166
      View Details
    • Contact for pricing

      Airport Industrial Center Flex Space

      Air-conditioned flex space near Miami International Airport.
      5055 NW 74Th Ave, Miami, 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.
    8425 56th St
    Miami, FL 33166
    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!