Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8851 107th Ave Miami, FL 33176-1411
    Property profile & analytics

    8851 107th Ave Miami, FL 33176-1411

    View on Map
    • Community centers
    • 205,563 SF
    • 21.32 lot acres
    Off-Market
    Property ID
    US18-8182349
    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

    • Bates Towtruck / Auto Repair Shop
    • smoothie squad / Take-out & Catering / Catering Service
    • UFC GYM Kendall / Gym & Fitness Center

    Property Details for 8851 107th Ave

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    21.32 lot acres
    Property size
    205,563 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    30-5005-004-1630
    APU
    3050050041630

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $66,804,000
      Market price range: $35.2M - $104M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $58,425,000
      Current use
      MEDICAL BUILDING
      $90,280,000
      Change: +55% Conversion: Difficult
      OFFICE BUILDING
      $73,180,000
      Change: +25% Conversion: Moderate
      WAREHOUSE, STORAGE
      $61,115,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3648
    Latitude
    25.6851
    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
    $990,350
    $26,466,696
    $36,826,304
    $63,293,000
    -
    $26,466,696
    $36,826,304
    $63,293,000

    Comparable in this City

    • Value Estimation
      $3,645,000
      36,088 SF

      10834 104th St

      MINI-MALL • 36,088 SF
      10834 104th St, Miami, FL 33176-3307
      View Details
    • Value Estimation
      $1,555,000
      4,159 SF

      8801 136th St

      MINI-MALL • 4,159 SF
      8801 136th St, Miami, FL 33176-5816
      View Details
    • Value Estimation
      $1,525,000
      15,833 SF

      10700 113th Pl

      MINI-MALL • 15,833 SF
      10700 113th Pl, Miami, FL 33176-3254
      View Details
    • Value Estimation
      $14,145,000
      48,885 SF

      14441 Dixie Hwy

      MINI-MALL • 48,885 SF
      14441 Dixie Hwy, Palmetto Bay, FL 33176-7924
      View Details
    • Value Estimation
      $5,055,000
      72,664 SF

      8705 136th St

      MINI-MALL • 72,664 SF
      8705 136th St, Miami, FL 33176-5814
      View Details
    • Value Estimation by Request
      74,693 SF

      14965-95 Dixie Hwy

      Lifestyle centers • 74,693 SF
      14965-95 Dixie Hwy, Miami, FL 33176
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Pack and Ship Business

      Profitable pack and ship business with diverse revenue streams.
      8835 SW 107Th Ave, Kendall, FL 33176
      View Details
    • $6,747,000
      14 SF

      Walgreens Investment Property For Sale

      NNN leased Walgreens with over 14 years remaining in Homestead.
      23201 SW 112Th Ave, Miami, FL 33176
      View Details
    • $350,000

      Kendall Restaurant Business Opportunity

      Established Mexican restaurant for sale in Kendall, Florida.
      Kendall, FL 33176
      View Details
    • Contact for pricing
      1,178 SF

      Twelve-Unit Multifamily Investment Opportunity

      Twelve-unit multifamily property on 1.5 acres for sale.
      11440 Lincoln Blvd, Miami, FL 33176
      View Details
    • $515,000
      0.36 Acres

      Miami Residential Lot Opportunity

      Prime residential lot in a desirable Miami neighborhood.
      14400 SW 99, Miami, FL 33176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Colonial Palms Plaza Retail Space

      Retail space in affluent Miami location with high traffic.
      13601 S Dixie Hwy, Miami, FL 33176
      View Details
    • Contact for pricing

      Colonial Palms Plaza Retail Space

      Retail spaces available for lease in Colonial Palms Plaza.
      13601 S Dixie Hwy, Palmetto Bay, FL 33176
      View Details
    • Contact for pricing
      10,125 SF

      Retail Space on Kendall Drive

      Retail spaces available in high-traffic Miami shopping center.
      8805-8835 SW 107Th Ave, Miami, FL 33176
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in West Kendall

      Retail spaces available in West Kendall shopping center.
      12305-13550 SW 120Th St, Miami, FL 33176
      View Details
    • Contact for pricing
      56,876 SF

      Cutler Bay Flex/Warehouse Space

      Flex/warehouse space in Cutler Bay with frontage on 106th Ave.
      19200 SW 106Th Ave, Cutler Bay, FL 33176
      View Details
    • Contact for pricing
      7,000 SF

      New Retail Space Near Home Depot

      Brand new retail units with high traffic and full air conditioning.
      18900-18950 SW 106Th Ave, Miami, FL 33176
      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.
    8851 107th Ave
    Miami, FL 33176-1411
    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

    Thank You for Inquiry
    8851 107th Ave, Miami, FL, 33176
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!