Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

10840 NW 22 St

Sweetwater, FL 33172  ·  Auto Sales/Repair/Rental  ·  Folio 2530310011370
Building
3,649
square feet
Lot
14,000
0.32 acres
Year built
2008
18 years old
Assessed value
$889,313
$244/SF assessed

Ownership and recorded sale history

Owner of recordSPIRIT MASTER FUNDING X LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2020 — $754,900
At that sale$207/SF
Years since6 years
Miami-Dade County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Sweetwater / NW 25th Street

Recorded transactions for retail properties in the NW 25th Street and NW 108th Avenue corridor, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2025
Median price/SF
$505
$121 – $624
Median size
3,168
square feet
Median vintage
2020
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $244/SF. Recorded sales of retail properties in Sweetwater / NW 25th Street since 2021 have a median of $505/SF, across a range of $121/SF to $624/SF.

Across those 8 recorded sales, the median sale price came in at 1.22× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

Built in 2008, it is older than the 2020 median vintage of what has been trading nearby — typically a repositioning, capital-expenditure or redevelopment conversation rather than a straight comparison.

By footprint it sits in roughly the 88th percentile of retail properties that have traded in this corridor — 3 of the 26 recorded sales were of larger buildings.

The assessment works out 52% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

The lot runs 3.8× the building footprint — 14,000 SF of land under 3,649 SF of structure. Ratios that wide are usually where expansion or redevelopment questions start.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1695 NW 110 Ave 100
Stores, 1 story
4,28020202025$2,575,000$602
1695 NW 110 Ave 102
Stores, 1 story
2,26020202025$1,300,000$575
1790 NW 107 Ave
Restaurant/Cafeteria
5,35920192024$3,342,300$624
1695 NW 110 Ave 104 + 1 more parcel
Stores, 1 story · combined 4,360 SF portfolio sale
4,36020202024$2,150,000$493
1695 NW 110 Ave 106
Stores, 1 story
2,48020202024$1,200,000$484
10890 NW 17 St 103 + 3 more parcels
Stores, 1 story · combined 2,668 SF portfolio sale
2,66820212022$460,000$172
10890 NW 17 St 105 + 4 more parcels
Stores, 1 story · combined 3,335 SF portfolio sale
3,33520212022$403,300$121
1695 NW 110 Ave 107
Stores, 1 story
3,00020202021$1,548,000$516
Recorded sale prices from Miami-Dade County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Miami-Dade County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 2530310011370." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.