Add Listing
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

    9760 168th St Miami, FL 33157-4316

    • Manufacturing properties
    • 22,200 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2024
    $4,500,000
    Value Estimations
    $4,500,000
    Show details
    Cap Rate Potential
    5.3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-8786700
    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

    • Precision Boats Inc / (Bike/Boat/Book/etc) Store

    Property Details for 9760 168th St

    Year built
    1978
    Construction
    CONCRETE
    Lot size
    1.14 lot acres
    Property size
    22,200 SF
    Zone code
    7061
    Property type
    Manufacturing properties
    APN
    30-5032-002-0050
    APU
    3050320020050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,500,000
      ML approach
      $4,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,995,000
      6.5%
      $3,685,000
      7%
      $3,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,371,000
      Market price range: $2.87M - $6.66M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,525,000
      Current use
      WAREHOUSE, STORAGE
      $6,600,000
      Change: +46% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $6,310,000
      Change: +39% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3508
    Latitude
    25.6135
    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
    $34,571
    $1,485,000
    $653,011
    $2,138,011
    -
    $1,485,000
    $653,011
    $2,138,011

    Comparable in this City

    • Value Estimation by Request
      1,736 SF

      19151 108th Ave, Unit 28

      MANUFACTURING (LIGHT) • 1,736 SF
      19151 108th Ave, Cutler Bay, FL 33157-6794
      View Details
    • Value Estimation by Request
      501 SF

      17304 Walker Ave Ste, Unit 117

      MANUFACTURING (LIGHT) • 501 SF
      17304 Walker Ave Ste, Miami, FL 33157-4379
      View Details
    • Value Estimation by Request
      1,470 SF

      18535 104th Ave3c

      MANUFACTURING (LIGHT) • 1,470 SF
      18535 104th Ave3c, Cutler Bay, FL 33157-6830
      View Details
    • Value Estimation by Request
      1,608 SF

      18659 107th Ave

      MANUFACTURING (LIGHT) • 1,608 SF
      18659 107th Ave, Cutler Bay, FL 33157-6728
      View Details
    • Value Estimation by Request
      1,593 SF

      18691 107th Ave

      MANUFACTURING (LIGHT) • 1,593 SF
      18691 107th Ave, Cutler Bay, FL 33157-6728
      View Details
    • Value Estimation by Request
      1,360 SF

      19151 108th Ave, Unit 21

      MANUFACTURING (LIGHT) • 1,360 SF
      19151 108th Ave, Cutler Bay, FL 33157-6789
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,100 SF

      Office/Warehouse Facility with Heavy Power

      21,100 Sq. Ft. office/warehouse with heavy power.
      5300 NW 163Rd Ter, Miami Lakes, FL 33157
      View Details
    • Contact for pricing

      Miami Warehouse Condo Bays

      Two adjoining warehouse condo bays totaling 7,450 square feet.
      10338 SW 187Th St, Cutler Bay, FL 33157
      View Details
    • $1,300,000

      Turnkey Marine Business and Warehouse

      Fully A/C warehouse with established marine business in Cutler Bay.
      10754 SW 188Th Ter, Cutler Bay, FL 33157
      View Details
    • $7,500,000
      30,769 SF

      Industrial Flex Office Opportunity

      Large industrial flex office space in an Opportunity Zone.
      17735 Homestead Ave, Miami, FL 33157
      View Details
    • $4,050,000
      17,734 SF

      Multi-Tenant Industrial Property For Sale

      17,734 SF industrial property with flexible layout and month-to-month leases.
      10401-10409 SW 186Th St, Cutler Bay, FL 33157
      View Details
    • Contact for pricing
      Pending

      Cutler Bay Warehouse For Sale

      Warehouse near US 1 and Florida Turnpike available for sale.
      18563 SW 104Th Ave, Cutler Bay, FL 33157
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Cutler Bay Industrial Condominium

      1,360 SF industrial condo for lease in Cutler Bay.
      19101 SW 108Th Ave, Cutler Bay, FL 33157
      View Details
    • $22 SF/Yr

      Industrial Condo in Cutler Bay

      1,360 SF industrial condo for lease in Cutler Bay.
      19101 SW 108Th Ave, Cutler Bay, FL 33157
      View Details
    • $3,000 /Mo

      Cutler Bay Industrial Warehouse Space

      Industrial warehouse space for lease in Cutler Bay, Florida.
      10780 SW 190Th St, Cutler Bay, FL 33157
      View Details
    • $31 SF/Yr
      2,394 SF

      Prime Warehouse Space Available

      Spacious warehouse with office & retail space
      18710 107Th Ave, Cutler Bay, FL 33157
      View Details
    • $1,750 /Mo
      Pending

      Cutler Bay Warehouse For Rent

      Warehouse near US 1 and Florida Turnpike available for rent.
      18563 SW 104Th Ave, Cutler Bay, FL 33157
      View Details
    • $4,400 /Mo

      Cutler Bay Flex Warehouse Space

      3,206 SF flex warehouse in Cutler Bay available for lease.
      10674/10678 SW 186Th Ln, Cutler 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.
    9760 168th St
    Miami, FL 33157-4316
    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.
    Sign Up Successful!
    You now have access to more from Realmo!