Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    17600 N Bay Rd, Unit N304 Sunny Isles Beach, FL 33160

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,500 /Mo

    Two-bedroom apartment near Sunny Isles Beach with stainless steel appliances.

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Dariel Trujillo Chacon
    Source: Elliman

    Listing Agent: Dariel Trujillo Chacon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Apartment Near Sunny Isles Beach

    This apartment features two bedrooms and two bathrooms. The unit includes stainless steel appliances, an open concept living-dining room, and a balcony. A laundry room is conveniently located next to the unit. The property is situated in a family-oriented neighborhood within walking distance of Sunny Isles Beach. One assigned covered parking space is included, and additional parking is available for rent from the HOA. Supermarkets, pharmacies, and restaurants are located in the surrounding area.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Sunny Isles Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1467
    Latitude
    25.9339

    Nearby Similar for Lease

    • $23,000

      Ritz-Carlton Residence with Ocean Views

      Luxury 2-bedroom sky home with ocean and intracoastal views.
      15701 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • $42,000

      Furnished Beachfront Residence For Rent

      Furnished 4-bedroom residence with ocean and Intracoastal views.
      18501 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • Contact for pricing
      1,800 SF

      Prime Retail Space in Sunny Isles

      Retail space in Sunny Isles Beach near affluent communities.
      17632 Collins Ave, Sunny Isles Beach, FL
      View Details
    • $60 SF/Yr
      36,000 SF

      Collins Ave Prime Retail Space

      36,000 SF Sunny Isles Beach Retail Opportunity
      17190 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • Contact for pricing
      2,400 SF

      Prime Sunny Isles Beach Location

      Office space for rent in Sunny Isles Beach, Florida.
      17070 Collins Ave, Sunny Isles Beach, FL
      View Details
    • $16,800 /Mo
      240 SF

      Sunny Isles Beach Office Space

      120 sq ft Office Suite, Sunny Isles Beach
      17070 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • $80 SF/Yr
      12,143 SF

      323 Sunny Is Blvd

      Office space • 12,143 SF
      323 Sunny Is Blvd, Sunny Isles Beach, FL 33160
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom apartment near Sunny Isles Beach with stainless steel appliances.
    Where is this apartment building located?
    The property is located at 17600 N Bay Rd, Unit N304 Sunny Isles Beach, FL.
    What are key features of this property?
    This property features: - Walking distance to Sunny Isles Beach; - Great location in a peaceful, family-oriented neighborhood; - Features 2 bedrooms and 2 bathrooms
    (786) 531-6903
    Request Owner's contact information
    17600 N Bay Rd, Unit N304 Sunny Isles Beach, FL 33160
    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.
    17600 N Bay Rd, Unit N304
    Sunny Isles Beach, FL 33160
    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
    17600 N Bay Rd, Unit N304 Sunny Isles Beach, FL 33160
    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

    We can help!
    Listing Contact
    Dariel Trujillo Chacon
    (786) 531-6903
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.