Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    9059 73rd Ct Miami, FL 33156-2960

    • Retail space
    • 1,555 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2024
    $419,200
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1649374
    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

    • ChutePlus / Air Duct Cleaning Service / Commercial Cleaning Service
    • Chwa Kendall / Restaurant
    • Mr. Baker / Restaurant
    • APULIA SUD ITALIA / Southern Italian Restaurant

    Property Details for 9059 73rd Ct

    Year built
    2006
    Lot size
    0.04 lot acres
    Property size
    1,555 SF
    Zone code
    6114:DKUC CORE SUB DIST
    Property type
    Retail space
    APN
    30-5002-079-0015
    APU
    3050020790015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $420,000
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $644,000
      Market price range: $439k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3142
    Latitude
    25.6865
    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
    $7,778
    $0.00
    $0.00
    $549,000
    -
    $0.00
    $0.00
    $549,000

    Comparable in this City

    • Value Estimation by Request
      1,429 SF

      7350 89th Stcu2

      RETAIL STORES (PERSONAL SERVICES) • 1,429 SF
      7350 89th Stcu2, Miami, FL 33156-7683
      View Details
    • Value Estimation by Request
      1,099 SF

      9045 Dadeland Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,099 SF
      9045 Dadeland Blvd, Miami, FL 33156-2955
      View Details
    • Value Estimation
      $640,000
      1,758 SF

      7350 89th Stcu-3

      RETAIL STORES (PERSONAL SERVICES) • 1,758 SF
      7350 89th Stcu-3, Miami, FL 33156-7683
      View Details
    • Value Estimation by Request

      Beauty Salon & Spa In Pinecrest

      Individual retail properties
      0 Beauty Salon & Spa In Pinecrest, Pinecrest, FL 33156
      View Details
    • Value Estimation by Request

      Kendall Dr

      Individual retail properties
      0 Kendall Dr, Miami, FL 33156
      View Details
    • Value Estimation by Request
      98,873 SF

      7360 Kendall Dr

      RETAIL STORES (PERSONAL SERVICES) • 98,873 SF
      7360 Kendall Dr, Miami, FL 33156-7861
      View Details

    Similar Nearby for Sale

    • $140,000

      Prime Pinecrest Beauty Salon

      Established Salon, Turnkey Opportunity
      0 Full-Service Beauty Salon For Sale In Pinecrest, Pinecrest, FL 33156
      View Details
    • Contact for pricing
      13,001 SF

      Retail Space on Dixie Highway

      6,500 SF retail space in high-traffic area.
      9855 S Dixie Hwy, Miami, FL 33156
      View Details
    • $1,450,000

      Retail Condo in Downtown Kendall

      Leased retail condo in high-rise, stable income stream.
      7360 SW 90Th St, Miami, FL 33156
      View Details
    • $100,000

      Turnkey Beauty Salon in Pinecrest

      Fully equipped beauty salon with established clientele in Pinecrest, Florida.
      Beauty Salon For Sale In Pinecrest, Pinecrest, 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, Miami, FL 33156
      View Details
    • $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

    Similar Nearby for Lease

    • $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
      1,106 SF

      Retail Space on Dixie Highway

      Retail space with high visibility and ample parking.
      11205-11535 S Dixie Hwy, Miami, FL 33156
      View Details
    • $5,500 /Mo

      Pinecrest Retail Space on US-1

      1,200 SF retail space in the heart of Pinecrest.
      12253 S Dixie Hwy, Miami, FL 33156
      View Details
    • $17,969 /Mo

      Prime Retail Space in Miami

      Spacious 4,228 SF retail space in vibrant Miami location.
      9308 S Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing
      5,322 SF

      Retail Space in Kendall Plaza

      5,322 SF retail space with high visibility.
      9795 S Dixie Hwy, Miami, FL 33156
      View Details
    • Contact for pricing
      2,910 SF

      Downtown Dadeland Retail Space Available

      Retail spaces in mixed-use development near Dadeland Mall.
      7250 N Kendall Dr, 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.
    9059 73rd Ct
    Miami, FL 33156-2960
    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.