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Property profile

8875 23rd St Doral, FL 33172

OFF-MARKET
Office buildings
Property ID
US18-7724103
View Sample
12,570 SF 1 ac lot Built 1985
Entity Owned 2-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction CONCRETE
Total area 12,570 SF
Lot 1 ac (43,740 SF)
Zoning code 7600:INTENSIVE USE
APN 35-3033-007-0130
UPID US18-7724103

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.25M
CAP Approach CAP
$5.92M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.25M

Owner & transaction history

since 2024
Last sale
$7.3M
7 recorded transactions
2024
$7.3M
2023
Price N/A
2018
Price N/A
2017
$2.6M
2011
$1.5M
2011
$1.6M
2006
$2.3M

Zoning & alternative use

7600:INTENSIVE USE · Doral, FL
Top alternative use upside
Restaurant $9.3M +81.5%
Commercial (general) $9.3M +80.9%
Auto repair, garage $8.2M +60.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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