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

    9521 Harding Ave Surfside, FL 33154-2501

    • Outlet malls
    • 3,484 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Oct 23, 2024
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3846072
    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

    • Outlet malls

    Property Details for 9521 Harding Ave

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    3,484 SF
    Zone code
    6000:COMMERCIAL,GENERAL
    Property type
    Outlet malls
    APN
    14-2235-007-0360
    APU
    1422350070360

    Description

    This exceptional retail investment opportunity in Surfside, Florida, presents a 3,484 square foot retail property situated on a 0.11-acre lot at 9521 Harding Avenue. The property is offered as a land lease with a substantial 26 years remaining, providing investors with long-term security and considerable upside potential. Currently generating a robust monthly rental income of $20,000, this established center benefits from high visibility, strong tenant demand, and significant foot traffic. Its location within a thriving commercial area ensures continued value appreciation and future growth prospects. The property's prime location in a desirable Miami Beach area makes it an attractive investment for those seeking a stable, income-producing asset with potential for expansion. The substantial remaining lease term minimizes risk and offers a predictable cash flow stream. This is a rare chance to acquire a well-established retail center in a highly sought-after location, offering both immediate returns and long-term growth potential. The property's strong performance and favorable lease terms make it an ideal addition to any diversified investment portfolio. Serious inquiries are encouraged to explore this compelling opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $535,000
      Market price range: $251k - $723k

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

    Location Insight

    • Map
    • Local Demand
    City
    Surfside
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1233
    Latitude
    25.8856
    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
    $38,229
    $2,625,000
    $173,094
    $2,798,094
    -
    $2,625,000
    $173,094
    $2,798,094

    Comparable in this City

    • Value Estimation
      $2,245,000
      7,302 SF

      9471 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,302 SF
      9471 Harding Ave, Surfside, FL 33154-2803
      View Details
    • Value Estimation
      $1,075,000
      4,250 SF

      9520 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,250 SF
      9520 Harding Ave, Surfside, FL 33154-2514
      View Details
    • Value Estimation
      $610,000
      1,487 SF

      9429 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,487 SF
      9429 Harding Ave, Surfside, FL 33154-2803
      View Details
    • Value Estimation
      $2,690,000
      6,469 SF

      9550 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 6,469 SF
      9550 Harding Ave, Miami Beach, FL 33154
      View Details
    • Value Estimation
      $1,390,000
      4,050 SF

      9437 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,050 SF
      9437 Harding Ave, Surfside, FL 33154-2803
      View Details
    • Value Estimation
      $760,000
      1,994 SF

      9454 Harding Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,994 SF
      9454 Harding Ave, Surfside, FL 33154-2804
      View Details

    Similar Nearby for Sale

    • $10,600,000
      14,920 SF

      1080 Kane Concourse

      Individual retail properties • 14,920 SF
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      View Details
    • Contact for pricing

      Renovated Retail Space on Harding

      Move-in ready retail space with excellent exposure and parking.
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    Similar Nearby for Lease

    • $60 SF/Yr
      1,975 SF

      Harding Ave Retail Space For Lease

      Prime Retail Space, High Visibility Location
      9575 Harding Ave, Surfside, FL 33154
      View Details
    • $48 SF/Yr
      850 SF

      Bay Harbor Islands Office Space

      Office space in excellent condition with spectacular views.
      1111 Kane Concourse, Bay Harbor Islands, FL 33154
      View Details
    • $6,500 /Mo

      Renovated Furnished Unit Near Ocean

      Fully renovated and furnished 3BD/2BA unit in Bal Harbour.
      10230 Collins Ave, Bal Harbour, FL 33154
      View Details
    • $3,300 /Mo

      Class A Office in Bay Harbor

      Stylish office space in a secure, professionally managed building.
      1111 Kane Concourse, Bay Harbor Islands, FL 33154
      View Details
    • $3,950 /Mo

      Remodeled Condo Near Bal Harbour Shops

      Luxury 2-bedroom, 2-bathroom condo steps from the beach.
      10190 Collins Ave, Bal Harbour, FL 33154
      View Details
    • $3,000 /Mo

      Bal Harbour Apartment with Den

      Two-bedroom apartment with den in Bal Harbour, near beach.
      9920 Collins Ave, Bal Harbour, FL 33154
      View Details
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    Surfside, FL 33154-2501
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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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