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

    9711 77th Ave Miami, FL 33156-2616

    • Retail properties
    • 3,700 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2022
    $1,650,000
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3326654
    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

    • MÜV Dispensary Miami - Kendall / (Bike/Boat/Book/etc) Store

    Property Details for 9711 77th Ave

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.22 lot acres
    Property size
    3,700 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Retail properties
    APN
    30-5002-034-0020
    APU
    3050020340020

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 3,481 square foot storefront in Miami, Florida, located at 9711 SW 77th Ave, 33156. The property, built in 1971 and renovated in 2022, sits on a 0.22-acre lot and includes 15 parking spaces. Currently operating under a Net Lease (NN) agreement with a single tenant, the lease boasts a remaining term of 7.4 years (commencing 10/19/2021 and expiring 04/30/2032), featuring 3% annual rent bumps and two 5-year lease options. The asking price is $3,628,000, representing a 6.50% cap rate with a current NOI of $235,835. This prime location benefits from high visibility and exceptional demographics, situated off Pinecrest Parkway (97,000 vehicles per day) and Palmetto Expressway (101,000 vehicles per day), providing convenient access. The property's proximity to top-performing retailers, including a high-ranking Publix and a super-regional mall, further enhances its value. The area is experiencing significant growth, evidenced by the nearby Shoma 88 mixed-use development and the University of Miami's recent acquisition of a large property in Pinecrest. This investment offers a compelling combination of strong current income, significant upside potential, and a location within one of South Florida's most affluent communities. The property's robust performance and strategic location make it an ideal addition to any diversified real estate portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,590,000
      ML approach
      $1,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,258,000
      Market price range: $731k - $1.82M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $1,235,000
      Current use
      COMMERCIAL (GENERAL)
      $2,735,000
      Change: +122% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,420,000
      Change: +96% Conversion: Difficult
      RETAIL STORES
      $2,115,000
      Change: +72% Conversion: Difficult
      OFFICE BUILDING
      $1,925,000
      Change: +56% Conversion: Difficult
      MEDICAL BUILDING
      $1,625,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,100,000
      Change: -11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3181
    Latitude
    25.68
    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
    $16,050
    $940,100
    $1,000
    $941,100
    -
    $940,100
    $1,000
    $941,100

    Comparable in this City

    • Value Estimation by Request
      70,152 SF

      US-1 Dixie Hwy &

      Neighborhood centers • 70,152 SF
      US-1 Dixie Hwy &, Pinecrest, FL 33156
      View Details
    • Value Estimation by Request
      1,000 SF

      9608 77Th Ave

      Lifestyle centers • 1,000 SF
      9608 77Th Ave, Kendall, FL 33156
      View Details
    • Value Estimation by Request
      81,852 SF

      11293-11535 Dixie Hwy

      Retail properties • 81,852 SF
      11293-11535 Dixie Hwy, Pinecrest, FL 33156
      View Details
    • Value Estimation by Request
      3,604 SF

      Pinecrest, FL 33156

      Retail properties • 3,604 SF
      Pinecrest, FL 33156
      View Details
    • Value Estimation by Request
      1 SF

      Shoppes At Dadeland

      Neighborhood centers • 1 SF
      0 Shoppes At Dadeland, Miami, FL 33156
      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

    Similar Nearby for Sale

    • $75,000

      Pinecrest Pizzeria - Turnkey Opportunity

      Established Pizzeria, High Sales, Prime Location
      0 Pizzeria Take Out For Sale In Pinecrest, Pinecrest, FL 33156
      View Details
    • $140,000

      Prime Pinecrest Beauty Salon

      Established Salon, Turnkey Opportunity
      0 Full-Service Beauty Salon For Sale In Pinecrest, Pinecrest, FL 33156
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    • $4,500,000
      3,604 SF

      Pinecrest Retail Center: Prime Location

      High-exposure retail space, ample parking.
      Pinecrest, FL 33156
      View Details
    • $10,500,000
      3,585 SF

      Prime Pinecrest Chick-fil-A

      High-return NNN ground lease; strong tenant.
      13001 Dixie Hwy, Pinecrest, FL 33156
      View Details
    • $180,000

      Turnkey Pizzeria in Pinecrest Area

      Established pizzeria for sale with all licenses and permits.
      8219 SW 124Th St, Miami, FL 33156
      View Details
    • Contact for pricing
      13,001 SF

      Retail Showroom in Pinecrest Heart

      13,001 SF retail space in prime Pinecrest location.
      9855 S Dixie Hwy, Miami, FL 33156
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,730 SF

      Pinecrest Shops: Prime Retail Space

      South Miami Strip Mall - High Traffic Area
      12303 Pinecrest Pkwy, Pinecrest, FL 33156
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in New Development

      Retail space available in a high-traffic, affluent South Florida market.
      7800 SW 104Th St, Miami, FL 33156
      View Details
    • $70 SF/Yr
      1,100 SF

      Prime Pinecrest Retail Space

      1,200 SF Retail Building, High Traffic
      12253 Dixie Hwy, Miami, FL 33156
      View Details
    • New
      $12,000 /Mo

      Pinecrest Retail Space on Dixie

      Prime retail space in the heart of Pinecrest available for lease.
      12253 S Dixie Hwy, Pinecrest, FL 33156
      View Details
    • Contact for pricing
      14,295 SF

      Prime Miami Retail Space Available

      Miami retail/restaurant space, multiple suites.
      9600 Dixie Hwy, 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
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    9711 77th Ave
    Miami, FL 33156-2616
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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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