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

    8515 129th Ter Miami, FL 33156-6520

    • Warehouses
    • 11,388 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $2,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2079033
    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

    • Coho Films / Film Production / Television Studio
    • Hurricane Window & Screen Inc / Hardware & Home Improvement / Interior Design

    Property Details for 8515 129th Ter

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Property size
    11,388 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Warehouses
    APN
    30-5015-010-0130
    APU
    3050150100130

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3332
    Latitude
    25.6505
    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
    $25,298
    $900,000
    $1,412,000
    $2,312,000
    -
    $900,000
    $1,412,000
    $2,312,000

    Comparable in this City

    • Value Estimation
      $3,270,000
      19,430 SF

      13105 85th Ave Rd

      WAREHOUSE, STORAGE • 19,430 SF
      13105 85th Ave Rd, Miami, FL 33156
      View Details
    • Value Estimation
      $1,810,000
      10,010 SF

      8415 129th Ter

      WAREHOUSE, STORAGE • 10,010 SF
      8415 129th Ter, Miami, FL 33156-6519
      View Details
    • Value Estimation
      $2,525,000
      14,896 SF

      8550 129th Ter

      WAREHOUSE, STORAGE • 14,896 SF
      8550 129th Ter, Miami, FL 33156-6521
      View Details
    • Value Estimation
      $1,080,000
      4,500 SF

      8601 129th Ter

      WAREHOUSE, STORAGE • 4,500 SF
      8601 129th Ter, Miami, FL 33156-6522
      View Details
    • Value Estimation
      $2,025,000
      2,725 SF

      12955 85th Ave Rd

      WAREHOUSE, STORAGE • 2,725 SF
      12955 85th Ave Rd, Miami, FL 33156-6517
      View Details
    • Value Estimation
      $2,170,000
      12,096 SF

      13060 85th Ave Rd

      WAREHOUSE, STORAGE • 12,096 SF
      13060 85th Ave Rd, Miami, FL 33156-6502
      View Details

    Similar Nearby for Sale

    • $160,000

      Full-Service Salon in Pinecrest Area

      Full-service salon for sale, located between Coral Gables and Pinecrest.
      Full-Service Beauty Salon For Sale In Pinecrest, Miami, FL 33156
      View Details
    • $35,000

      Jewelry Kiosk in Dadeland Mall

      Jewelry store kiosk business for sale in Dadeland Mall.
      Jewelry Kiosk For Sale In Dadeland Mall, Miami, FL 33156
      View Details
    • Contact for pricing

      Pinecrest Retail/Office Space Available

      550 SF suite in Pinecrest with frontage on SW 124th.
      8320 SW 124Th St, Pinecrest, FL 33156
      View Details
    • Contact for pricing

      Dadeland Area Boutique Office Building

      Class B office building in the Dadeland area.
      9830 SW 77Th Ave, Miami, FL 33156
      View Details
    • Contact for pricing

      Opa Locka Net Lease Investment

      Net leased investment opportunity with Tesla, Inc. in Opa Locka.
      14499 NW 57Th Ave, Opa Locka, FL 33156
      View Details
    • $17,500,000
      0.80 Acres

      Waterfront Lot in Gables Estates

      Rare opportunity to build a custom dream estate.
      30 Leucadendra Dr, Miami, FL 33156
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      213,706 SF

      Miami Lakes Warehouse Space

      Large warehouse space available for lease in Miami Lakes.
      14100 NW 60Th Ave, Miami Lakes, FL 33156
      View Details
    • $18 SF/Yr
      16,000 SF

      Miami Lakes Warehouse Space Available

      16,000 SF warehouse with office space and easy highway access.
      14525 NW 60Th Ave, Miami Lakes, FL 33156
      View Details
    • Contact for pricing
      5,971 SF

      Flex Space For Rent

      Flex space available for rent fronting S. Dixie Highway.
      9300 S Dixie Hwy, Miami, FL 33156
      View Details
    • $3,600 /Mo

      Galloway Professional Center Office Space

      Office space near Baptist Hospital with medical use allowed.
      8500 SW 92Nd St, Miami, FL 33156
      View Details
    • $27,083

      Retail Space Available For Lease

      Retail spaces suitable for restaurants, banks, and entertainment.
      N Kendall Dr, Miami, FL 33156
      View Details
    • Contact for pricing
      2,821 SF

      Class A Office Space Available

      Boutique Class A office space with modern amenities.
      9350 S Dixie Hwy, Miami, FL 33156
      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.
    8515 129th Ter
    Miami, FL 33156-6520
    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!