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

    8981 36Th St Miami, FL 33165

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4798559
    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

    • Small apartment buildings

    Property Details for 8981 36Th St

    Year built
    1960
    Property type
    Small apartment buildings

    Description

    This charming two-story duplex, built in 1960, presents a fantastic investment opportunity in Miami's desirable Westchester neighborhood. Located at 8981 SW 36th St, Miami, FL 33165, this multifamily property boasts a gated parking area, adding a layer of security and convenience. Each unit offers generous space, with one unit recently undergoing a complete renovation, including a fresh coat of paint throughout the entire property. The renovated unit features three bedrooms and two bathrooms, providing comfortable living spaces. The property also includes large, private fenced backyards, offering residents outdoor privacy and space. The asking price for this exceptional property is $849,900. This duplex presents an ideal opportunity for investors seeking strong rental income or for an owner-occupant looking to live in one unit while generating income from the other. The property's location in the highly sought-after Westchester area ensures high demand and potential for appreciation. The combination of updated units, desirable location, and gated parking makes this a truly exceptional investment opportunity in the Miami real estate market. Don't miss the chance to own this unique and profitable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3413784
    Latitude
    25.7368373

    Comparable in this City

    • $4,950,000
      0.96 Acres

      Prime Miami Development Opportunity

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      Westchester Remodeled Duplex For Sale

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      Modern Duplex with Master Suites

      Spacious duplex featuring master suites, balconies, and dedicated parking.
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      Westchester Duplex with Investment Potential

      Duplex in Westchester near amenities with customization opportunities.
      9311 SW 37Th St, Miami, FL 33165
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    • $1,150,000

      Central Heights Multifamily Income Property

      Multifamily property with three units and immediate rental income.
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      Miami Duplex on Oversized Lot

      Income-producing duplex with expansion potential in Miami.
      8820 SW 27Th St, Miami, FL 33165
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    Similar Nearby for Sale

    • $4,950,000
      0.96 Acres

      Prime Miami Development Opportunity

      One-acre parcel in Miami, pre-approved for 80+ units.
      2801 NW 102Nd St, Miami, FL 33165
      View Details
    • $1,450,000

      Modern Duplex with Master Suites

      Spacious duplex featuring master suites, balconies, and dedicated parking.
      3620 SW 94Th Ave, Miami, FL 33165
      View Details
    • $799,000

      Westchester Duplex with Investment Potential

      Duplex in Westchester near amenities with customization opportunities.
      9311 SW 37Th St, Miami, FL 33165
      View Details
    • $874,900

      Westchester Remodeled Duplex For Sale

      Fully remodeled duplex in Westchester, great investment opportunity.
      3481 SW 87Th Ct, Miami, FL 33165
      View Details
    • $1,150,000

      Central Heights Multifamily Income Property

      Multifamily property with three units and immediate rental income.
      9360 SW 37Th St, Miami, FL 33165
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    • $1,150,000

      Miami Duplex on Oversized Lot

      Income-producing duplex with expansion potential in Miami.
      8820 SW 27Th St, Miami, FL 33165
      View Details

    Similar Nearby for Lease

    • $3,650 /Mo

      Updated Apartment Near Bird Road

      Updated 3 bed, 2 bath apartment near Bird Road.
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      Westchester Duplex Unit For Rent

      Duplex unit in Westchester, close to amenities, with backyard.
      8719 SW 38Th St, Miami, FL 33165
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    • $2,250 /Mo

      Renovated Duplex in Westchester

      Recently renovated duplex with fenced yard in desirable Westchester neighborhood.
      3645 SW 92Nd Ave, Miami, FL 33165
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    • $2,850 /Mo

      Move-In Ready Miami Unit

      One bedroom, one bath unit with parking available for rent.
      3200 SW 88Th Pl, Miami, FL 33165
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      Westchester Duplex For Rent

      Recently renovated duplex in desirable Westchester neighborhood, Miami.
      3635 SW 92Nd Ave, Miami, FL 33165
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    • $1,600 /Mo

      Remodeled One Bedroom Apartment

      Remodeled 1 bed, 1 bath apartment with new features.
      9301 SW 37Th St, Miami, FL 33165
      View Details
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    8981 36Th St
    Miami, FL 33165
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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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