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Commercial real estate in Miami — A view of a city from across the water

Actively acquiring in Miami-Dade County

Sell your commercial property in Miami

We buy commercial real estate across Miami-Dade, as-is, for cash. Direct principal, no listing, no commission.

Miami at a glance

Metro population
6.4M
Job growth
+0.2%
Transfer tax
0.60% + 0.45% surtax
Eff. property tax
0.81%

Data current as of

Market conditions

What's actually happening in Miami

Our read

Miami's commercial market is shaped by geography more than anything else. The county is boxed in by the Everglades to the west and the ocean to the east, and you cannot build your way out of a supply constraint that is literally topographic. Trade through PortMiami and Miami International Airport keeps demand coming on the other side of the equation.

For a seller, the practical read is simple: a well-located industrial asset gets bid, and a tired one still has a floor because the land under it is scarce.

Office is a Brickell story first, and Citadel's planned headquarters tower on Brickell Bay Drive is its most visible sign. Outside the core, we underwrite office on what the space will actually re-lease for. We publish vacancy and cap-rate figures only once we have a source we can cite.

Aerial photo of village

Our read · Miami

“Miami's commercial market is shaped by geography more than anything else.”

Photo: Lance Asper

Valuation

What your Miami property is worth

How we price it

Your property is worth its net operating income divided by the cap rate a buyer will accept, and lease term, tenant credit, rent relative to market and the escalation schedule decide where in the range you land.

The thing to understand about Miami specifically is that land value often exceeds improvement value, particularly in Medley, Hialeah, and the older Airport West stock. If you own a functionally obsolete building on well-located industrial land, you are not selling a building. You are selling a site, and you should be underwritten that way.

That cuts both directions. It puts a floor under bad buildings. It also means a buyer paying for the dirt is not paying you a premium for the improvements, however much you spent on them.

Model Miami-Dade's documentary stamp tax and surtax before you set your number; together they are the largest line in your closing costs, and our offer shows exactly how we treated them.

Capital markets today

10-yr Treasury
5.24%
4.12% a year ago
SOFR
3.87%
4.2% a year ago
30-yr mortgage
7.28%
6.3% a year ago
CRE loan delinquency
1.53%
1.57% a year ago
CRE prices, YoY
6.58%
-2.7% a year ago

Sources: FRED DGS10, 2026-10-01 · FRED SOFR, 2026-10-01 · FRED MORTGAGE30US, 2026-10-01 · FRED DRCRELEXFACBS, 2026-04-01 · FRED COMREPUSQ159N, 2026-01-01

Florida tax & legal

Miami-Dade is the only Florida county with a documentary stamp surtax. On commercial property the combined rate is 1.05%, or $52,500 on a $5M sale.

Transfer tax
0.60% + 0.45% surtax
Property tax (eff.)
0.81%
1031 conformity
Yes
Closing
Title state

Miami property tax vs. the 50 states

  • Metro Miami
  • Florida
  • Other states
  • Median state
  • Effective property tax rate

    0.29%1.88%

    0.81%

    Higher than 26 of 50 states

Effective rates as cited on each state's page; every state's sources include Tax Foundation.

View all states as a table
StateEffective property tax rate
Metro Miami0.81%
Arizona0.48%
Texas1.40%
Florida0.78%
Alabama0.37%
Alaska0.94%
Arkansas0.56%
California0.70%
Colorado0.50%
Connecticut1.54%
Delaware0.54%
Georgia0.79%
Hawaii0.29%
Idaho0.50%
Illinois1.88%
Indiana0.76%
Iowa1.33%
Kansas1.21%
Kentucky0.74%
Louisiana0.55%
Maine0.98%
Maryland0.92%
Massachusetts1.00%
Michigan1.19%
Minnesota1.00%
Mississippi0.58%
Missouri0.89%
Montana0.61%
Nebraska1.44%
Nevada0.50%
New Hampshire1.50%
New Jersey1.88%
New Mexico0.63%
New York1.30%
North Carolina0.66%
North Dakota0.92%
Ohio1.36%
Oklahoma0.79%
Oregon0.81%
Pennsylvania1.26%
Rhode Island1.12%
South Carolina0.49%
South Dakota1.00%
Tennessee0.52%
Utah0.48%
Vermont1.51%
Virginia0.78%
Washington0.75%
West Virginia0.51%
Wisconsin1.32%
Wyoming0.53%

Statutes

  • Fla. Stat. § 201.02
  • Fla. Stat. § 201.031
  • Fla. Stat. § 193.1555
  • Fla. Const. art. VII, § 5

Florida is one of the more expensive states to transfer commercial property in, and Miami-Dade is the most expensive county in Florida.

Documentary stamp tax in Miami-Dade is $0.60 per $100 of consideration under Fla. Stat. § 201.02. The county then adds a $0.45 per $100 surtax under § 201.031 on every deed except one transferring only a single-family residence, which means it applies to your commercial building. Combined, that is 1.05% of the sale price: $52,500 on $5M, and usually the single largest line item in your closing costs. By statute every party to the deed is liable for the tax; the contract decides who pays.

Florida has no personal income tax (Fla. Const. art. VII, § 5), so your gain is taxed federally and not again by the state. That is a genuine advantage and it partially offsets the doc stamps.

On assessment: Florida caps annual growth in the assessed value of non-residential property at 10% under Fla. Stat. § 193.1555, but the property is reassessed at just value as of the January 1 after a change of ownership or control. Miami-Dade's effective property tax rate is 0.81%. Your buyer is modeling that reset.

Florida conforms to federal 1031 treatment.

What this means

If you're selling in Miami

  1. Transfer tax of 0.60% + 0.45% surtax

    Budget this as a closing cost from day one. It is charged on the sale price, not on your gain, so it applies whether or not the sale is profitable.

  2. Closes through title, no attorney required

    A title or escrow company handles closing, title insurance, and recording. That usually means a faster close and one less party to coordinate.

  3. 1031 exchange defers state tax too

    Florida conforms to federal like-kind exchange treatment, so a properly structured 1031 defers both. You must have a qualified intermediary in place before closing — it cannot be arranged afterward.

  4. How the sale affects assessed value

    Yes. Non-residential property's assessed value can rise no more than 10% a year under Fla. Stat. § 193.1555, but it is reassessed at just value as of the January 1 after a change of ownership or control.

Demand drivers

The Miami economy

Population

6.4M

Pop. growth

-0.1%

Job growth

+0.2%

Unemployment

3.7%

Net domestic migration

-113,724

Housing permits YTD

14,906

Permits vs last year

-0.8%

Median household income

$81K

How Metro Miami compares

  • Metro Miami
  • Florida
  • Other states
  • Median state
  • Job growth, year over year

    -0.9%+1.6%

    +0.2%

    Lower than 29 of 50 states

  • Population growth

    -0.3%+1.5%

    -0.1%

    Lower than 48 of 50 states

  • Unemployment rate

    2.0%5.1%

    3.7%

    Lower than 26 of 50 states

  • Median household income

    $59K$105K

    $81K

    Higher than 28 of 50 states

View all states as a table
StateJob growth, year over yearPopulation growthUnemployment rateMedian household income
Metro Miami+0.2%-0.1%3.7%$81K
Arizona+0.6%+0.9%4.9%$81K
Texas+1.1%+1.3%4.4%$80K
Florida+0.6%+0.8%4.5%$78K
Alabama+1.1%+0.6%3.4%$67K
Alaska+1.3%+0.1%4.3%$96K
Arkansas+0.6%+0.6%3.9%$62K
California+0.8%-0.0%5.1%$100K
Colorado+0.2%+0.4%4.0%$97K
Connecticut+0.9%+0.4%5.1%$96K
Delaware+0.1%+0.9%4.7%$88K
Georgia-0.1%+0.9%3.2%$80K
Hawaii+0.2%-0.1%2.7%$101K
Idaho+0.9%+1.4%3.6%$81K
Illinois+0.2%+0.1%4.7%$83K
Indiana-0.5%+0.6%3.3%$72K
Iowa+0.0%+0.3%3.2%$76K
Kansas+0.5%+0.4%3.8%$76K
Kentucky-0.1%+0.5%4.7%$65K
Louisiana+1.6%+0.1%4.2%$61K
Maine-0.1%+0.5%3.2%$76K
Maryland-0.2%+0.3%4.1%$103K
Massachusetts+0.2%+0.2%4.3%$105K
Michigan+0.2%+0.3%5.0%$72K
Minnesota+1.4%+0.6%4.4%$87K
Mississippi+0.4%+0.1%3.4%$59K
Missouri+1.1%+0.4%3.5%$72K
Montana-0.9%+0.6%3.2%$75K
Nebraska+0.2%+0.6%2.9%$76K
Nevada+1.3%+0.9%4.8%$81K
New Hampshire+0.2%+0.5%2.8%$100K
New Jersey-0.2%+0.4%4.3%$104K
New Mexico+1.6%-0.1%4.7%$68K
New York-0.0%+0.0%4.3%$86K
North Carolina+1.3%+1.3%3.5%$74K
North Dakota+0.5%+0.8%2.2%$78K
Ohio+0.2%+0.3%3.3%$72K
Oklahoma+0.7%+0.6%4.3%$66K
Oregon-0.8%+0.2%5.1%$85K
Pennsylvania+0.6%+0.1%3.7%$78K
Rhode Island+0.1%+0.4%3.7%$84K
South Carolina+1.6%+1.5%4.1%$72K
South Dakota+0.2%+0.9%2.0%$77K
Tennessee+0.5%+0.9%3.4%$72K
Utah+1.0%+1.0%3.5%$97K
Vermont-0.3%-0.3%2.6%$83K
Virginia-0.9%+0.7%3.6%$92K
Washington+0.4%+0.9%4.9%$99K
West Virginia-0.3%-0.1%4.0%$61K
Wisconsin+0.6%+0.3%3.2%$77K
Wyoming+0.8%+0.3%3.0%$76K

Miami's commercial demand is driven by trade, not by population growth, and right now that distinction matters more than usual. The metro has about 6.4 million residents and is shrinking 0.1% a year. Over the latest year it lost a net 113,724 residents to other states. That is a real headwind for retail that depends on new households, and we underwrite it as one.

The labor market has not followed population down: unemployment is 3.7%, the metro added jobs at 0.2% over the past year, and median household income is $80,625. On the residential side, residential permits are down 0.8% year to date.

PortMiami and Miami International Airport move goods at a volume that underwrites industrial demand independent of how many people move here, and the Airport West and Medley corridors exist to serve that flow.

The University of Miami and Jackson Health System are among Miami-Dade's largest employers and anchor a large medical office market. Carnival and Royal Caribbean are headquartered here, which makes cruise and hospitality a genuine industry rather than a tourism footnote.

Largest employers

  • University of MiamiHigher education & healthcare23,680
  • Jackson Health SystemHealthcare14,740
  • Publix Super MarketsGrocery14,226
  • American AirlinesAviation11,523
  • WalmartRetail7,160

Industries driving demand

  • Trade & logistics

  • Healthcare

  • Cruise & hospitality

  • Financial services

Sources: U.S. Census Bureau, Population Estimates Program, Vintage 2025 · U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics, August 2026 · U.S. Bureau of Labor Statistics, Current Employment Statistics (total nonfarm, YoY), August 2026 · U.S. Census Bureau, Building Permits Survey (residential units, year to date), January–August 2026 · U.S. Census Bureau, American Community Survey 1-Year Estimates, 2024

Submarkets

The Miami submarkets

Map of Metro Miami with 4 submarkets marked: Airport West / Doral, Brickell, Medley / Hialeah, Wynwood / Design District
Metro Miami
  1. 01

    Airport West / Doral

    Miami's core industrial submarket, built around Miami International Airport's cargo operations.

  2. 02

    Brickell

    Miami's financial district, where Citadel plans its new headquarters.

  3. 03

    Medley / Hialeah

    Older infill industrial and outdoor storage, where dated buildings are often underwritten as sites.

  4. 04

    Wynwood / Design District

    Experiential and luxury retail districts north of downtown.

Recent activity

What we've underwritten in Miami

Anonymized from our own pipeline. These are cap rates we actually underwrote, not survey averages.

Warehouse — White building

Warehouse · Q2 2026

5.50%cap

Older infill industrial in Medley. Building functionally obsolete; underwrote to land value rather than improvement value.

Car Wash — Grayscale photo of black car

Car Wash · Q1 2026

6.35%cap

Express tunnel in west Miami-Dade. Corporate guarantee, strong membership base, no new competitor inside the trade area.

Property types

What we buy in Miami

Each property type has its own underwriting playbook: how we value it, what we check in diligence, and who it backfills to.

Process

How selling to Dizposition works

The full process
  1. Day 0

    01

    Send us the property

    Address, asset type, and the lease if there is one. That is enough for us to start.

  2. 02

    We underwrite it

    Our underwriting runs the income against current Miami market pricing and the cost of capital. No lowball anchor.

  3. 10 minutes

    03

    You get a firm offer

    In 10 minutes, with the math shown. You will know exactly how we got there.

  4. As fast as 30 days

    04

    Close on your timeline

    As fast as 30 days, or as slow as you need. We are the principal, so the date is yours.

FAQ

Selling commercial property in Miami

What are the closing costs to sell commercial property in Miami?

The big one is Florida documentary stamp tax. In Miami-Dade that is $0.60 per $100 of consideration plus a $0.45 per $100 surtax on any deed other than one transferring only a single-family residence, so 1.05% of the sale price on commercial property. On a $5M sale, that is $52,500.

Why does land value matter so much for older Miami industrial property?

Supply. Miami-Dade is boxed in by the Everglades to the west and the ocean to the east, so well-located industrial land in Airport West, Doral, Medley and Hialeah is hard to replace. For an older building, the site often carries the value, which puts a floor under the price but means a buyer is not paying a premium for the improvements.

Will my sale reset the property's assessed value?

Yes. Florida caps annual growth in the assessed value of non-residential property at 10% under Fla. Stat. § 193.1555, but the property is reassessed at just value as of the January 1 after a change of ownership or control. Your buyer is underwriting that reset, and it shows up in their offer.

Is there a transfer tax when you sell commercial property in Florida?

In Miami-Dade, Florida documentary stamp tax is $0.60 per $100 of consideration (Fla. Stat. § 201.02), plus a $0.45 per $100 surtax (§ 201.031) on every deed except one transferring only a single-family residence. On commercial property that is 1.05% of the price. All parties to the deed are liable by statute.

Does selling reset the property tax assessment in Florida?

Yes. Non-residential property's assessed value can rise no more than 10% a year under Fla. Stat. § 193.1555, but it is reassessed at just value as of the January 1 after a change of ownership or control. The effective property tax rate in Florida is about 0.81%.

Does Florida follow federal 1031 exchange rules?

Yes. Florida conforms to Section 1031, so a properly structured exchange defers state income tax on the gain as well as federal. The 45-day identification and 180-day closing deadlines are federal and apply the same way.

Who handles a commercial real estate closing in Florida?

Florida is a title state: a title or escrow company typically runs the closing, with attorneys optional. We open title with a national underwriter as soon as terms are agreed.

Is demand for commercial property growing in Miami?

Miami's population is shrinking 0.1% a year and over the latest year it lost a net 113,724 residents to other states. Employers added jobs at 0.2% over the past year, with unemployment at 3.7%, and residential permits are down 0.8% year to date. Those are the inputs behind tenant demand; what they mean for your property depends on its submarket and lease, which is what we underwrite.

How long does it take to sell a commercial property to Dizposition?

You get a firm written offer within 10 minutes of sending us the property. If you accept, you can close in as little as 30 days — most of that is title work and your own timeline. There is no listing period, no marketing, and no waiting on a buyer's financing contingency.

Can I sell my property as-is?

Yes. We are the buyer, so there is no lender requiring repairs and no inspection contingency to renegotiate against you. Deferred maintenance, a failing roof, an aging tank system — we price it into the offer rather than asking you to fix it first.

Can I sell with a tenant in place?

Yes, and in most cases a tenant makes the property more valuable to us, not less. We will ask for the lease, a rent roll, and any estoppel certificates. You do not need to deliver the property vacant.

What if my lease is short-term or about to expire?

Short remaining term is one of the main reasons owners come to us. A conventional buyer needs lease term to get financing, which is why short-dated assets sit on the market. We underwrite the real estate and the backfill prospects rather than the remaining term alone.

What if the property is vacant?

We buy vacant assets. Pricing shifts from an income approach to what the building and land are worth to the next user, which is a different calculation — but it is one we do routinely rather than one that disqualifies the property.

Do I need a broker to sell to you?

No. We buy directly, and there is no commission because there is nothing to market. If you already have a broker, we will pay them. Selling without one saves the commission, but you should understand you are also giving up price discovery — a broker's job is to find out whether someone will pay more than we will.

What documents do I need to get an offer?

The address and the lease are enough to start. To finalize, we will want the rent roll, the last two years of operating statements, the title commitment, any existing survey, and any environmental reports you already have. You do not need an appraisal or a broker package.

How do you determine your offer?

We underwrite in-place income against what the space would re-lease for, adjust for capital needs and any environmental tail, and apply a cap rate supported by comparable transactions. We show you the inputs. If you disagree with an assumption, we would rather argue about the assumption than about the number.

What are typical seller closing costs?

Title and escrow fees, any transfer or recording tax owed in your state, prorated property taxes, and payoff of any existing debt. Because we are the buyer, there is no commission and no marketing cost. Transfer tax varies significantly by state and is often the largest single line.

Will I owe capital gains tax when I sell?

Usually yes, on the gain above your adjusted basis, and depreciation recapture is taxed separately from appreciation. State treatment varies. This is a question for your CPA before you sign, not after — the structure of the sale can change the answer.

Can I do a 1031 exchange?

Yes. A 1031 exchange lets you defer federal capital gains by reinvesting in like-kind property, subject to a 45-day identification window and a 180-day closing window from the date you sell. You must have a qualified intermediary in place before closing — it cannot be arranged afterward. Most states conform to federal treatment, but a few do not.

Can I sell if I am behind on payments or facing foreclosure?

Yes, and speed is the reason to move early rather than late. We can close on a defined date, which is what a lender or a receiver generally needs to see. Send us the payoff figure and any notices you have received.

Can I sell a property I inherited or that is in probate?

Yes. Probate sales take longer because the court timeline governs, not ours, and multiple heirs need to agree on the price before anything can close. We are used to working around both. Inherited property also generally receives a stepped-up basis, which can change the tax math substantially.

What if there is environmental contamination?

Send it anyway. Environmental history is one of the most common reasons a conventional sale falls apart, and it is one of the reasons owners call us. We price the remediation and the residual liability into the offer rather than walking away at the Phase II.

Is there any cost or obligation to get an offer?

None. There is no fee, no listing agreement, and no obligation to accept. If our number does not work for you, you keep the underwriting we showed you and we part ways.

10-minute offer

Ready to sell in Miami?

Send us the address and the lease. You'll have a firm offer, with the math shown, in 10 minutes.