Sign Up Successful!
You now have access to more from Realmo!
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

    9012 152nd St Palmetto Bay, FL 33157-1928

    • Retail space
    • 370 SF
    OFF-MARKET
    Last Sale
    May 03, 2023
    $465,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7724069
    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

    • Robert I. Garnet, DPM / Podiatrist
    • Dr Pollyanna Reeves DPM / Podiatrist
    • Dr. Patrick Honeycutt / Podiatrist / Practitioner Service Location
    • Garnet & Carbonell, DPM LLC / Podiatrist
    • Jaime A Garnet Carbonell Dpm / Podiatrist

    Property Details for 9012 152nd St

    Year built
    1981
    Property size
    370 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Retail space
    APN
    33-5028-058-0140
    APU
    3350280580140

    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
    Palmetto Bay
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3402
    Latitude
    25.6281
    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
    $965
    $0.00
    $0.00
    $64,750
    -
    $0.00
    $0.00
    $64,750

    Comparable in this City

    • Value Estimation
      $575,000
      2,156 SF

      18710 107th Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 2,156 SF
      18710 107th Ave, Cutler Bay, FL 33157-6750
      View Details
    • Value Estimation by Request
      1,300 SF

      18710 107th Ave, Unit 29

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      18710 107th Ave, Cutler Bay, FL 33157-6776
      View Details
    • Value Estimation by Request
      370 SF

      9008 152nd St

      RETAIL STORES (PERSONAL SERVICES) • 370 SF
      9008 152nd St, Palmetto Bay, FL 33157-1928
      View Details
    • Value Estimation by Request
      330 SF

      9032 152nd St

      RETAIL STORES (PERSONAL SERVICES) • 330 SF
      9032 152nd St, Palmetto Bay, FL 33157-1928
      View Details
    • Value Estimation by Request
      370 SF

      9008 152nd St

      RETAIL STORES (PERSONAL SERVICES) • 370 SF
      9008 152nd St, Palmetto Bay, FL 33157-1928
      View Details
    • Value Estimation by Request
      1,073 SF

      10993 186th St, Unit 19

      RETAIL STORES (PERSONAL SERVICES) • 1,073 SF
      10993 186th St, Cutler Bay, FL 33157-6812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,550 SF

      Palmetto Bay Retail Opportunity

      20,000 SF corner property in prime Palmetto Bay location.
      17501 S Dixie Hwy, Miami, FL 33157
      View Details
    • Contact for pricing

      Retail/Office Space on US 1

      Retail or office space available on US 1.
      9501 SW 160Th St, Miami, FL 33157
      View Details
    • $275,000

      Turnkey Mosquito Control Franchise

      Profitable mosquito control franchise with recurring revenue in Palm Beach County.
      Kmf-1267-00231, Miami, FL 33157
      View Details
    • $80,000

      Established Nail Supply Business

      Thriving nail supply business for sale in Cutler Bay, Florida.
      Nails Supply For Sale In Cutler Bay, Cutler Bay, FL 33157
      View Details
    • Contact for pricing

      Retail Space on US1 Available

      2,200 SF retail space in Palmetto Bay available for rent.
      15801 S Dixie Hwy, Miami, FL 33157
      View Details
    • $975,000

      Palmetto Bay Commercial Condominium

      Income-producing commercial condominium in rapidly expanding Cutler Bay, Florida.
      10650 SW 186 Dr, Miami, FL 33157
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      54,000 SF

      Palmetto Bay Retail Opportunity

      Two large retail spaces available in early 2026.
      16051 S Dixie Hwy, Miami, FL 33157
      View Details
    • $7,640 /Mo

      Palmetto Bay Retail/Medical Space

      1,528 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Miami, FL 33157
      View Details
    • $11,000 /Mo

      Retail Space on US1

      2,200 SF retail space for rent in Palmetto Bay.
      15801 S Dixie Hwy, Miami, FL 33157
      View Details
    • $25 SF/Yr
      24,645 SF

      Cutler Bay Retail Space Available

      Prime retail space with high visibility and ample parking.
      19325 South Dixie Hwy, Miami, FL 33157
      View Details
    • $4,590 /Mo

      Palmetto Bay Retail/Medical Space

      918 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Miami, FL 33157
      View Details
    • $3,500 /Mo

      Palmetto Bay Retail/Office Space

      800 sqft retail/office space in Palmetto Bay available for rent.
      9225 SW 158Th Ln, Palmetto Bay, FL 33157
      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.
    9012 152nd St
    Palmetto Bay, FL 33157-1928
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.