Back to Search
Property profile & analytics
FOR LEASE
Office buildings
18191 NW 68Th Ave Miami, FL 33015
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0645771
For Lease
1 / 7
$12,500/Mo
18191 NW 68Th Ave, Miami, FL 33015
View Listing →
Property summary
AI-generated overview
This exceptional single-tenant office building, known as Plaza 68, presents a unique opportunity for businesses seeking a prestigious and convenient location in Hialeah, Florida. The property, located at 18191 NW 68th Ave, Miami, FL 33015, boasts a total of 24,975 square feet of office space spread across two stories within a single building. The zoning designation is 6800. The property features convenient access to major transportation arteries, situated just minutes from the NW 186 Street exit off I-75 and a half-mile north of the NW 67th Avenue exit from the Palmetto Expressway, minimizing commute times and traffic congestion. The building offers significant advantages including all utilities (water and electricity) included in the lease. Ample free parking is available on-site for employees and clients. Security is a top priority, with 24/7 access controlled by a code entry system and enhanced by comprehensive video monitoring. This turnkey solution provides a secure, efficient, and well-located workspace, ideal for a variety of businesses. The APN is 30-20-11-003-0040. This is a single-suite, two-story building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Construction
CONCRETE
Total area
24,975 SF
Lot
2.27 ac (98,968 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
30-2011-003-0040
UPID
US19-0645771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bright Choice Funding Bank Credit Union
-
Cost-Effective Health Insurance Policies for Your Individual Needs Insurance Agency
-
S.K.I. Investigations, Inc. Law Firm Security Service
-
Water Damage Restoration Helpline Hardware & Home Improvement Construction Company
-
JANNETTE PINEIRO ATTORNEY AT LAW Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.91M
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$6.12M
Owner & transaction history
Mg Property LLC · 20 yrs held
Mg Property LLC
since 2006
4 recorded transactions
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+24.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,570,000
6.5%
$7,910,000
7%
$7,345,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,265,000
Current use
AUTO REPAIR, GARAGE
$9,045,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,170,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,000,000
Change: -4% · Conversion: Easy
RETAIL STORES
$6,775,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$6.12M
Range $5.51M – $6.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$245 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$53,976
Tax year 2023
Assessed value
$3,345,000
Assessed 2023
Previous assessed
$3,430,000
-2.5% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,484,520
Assessed improvement
$1,860,480
Land market value
$1,484,520
Improvement market value
$1,860,480
Total market value
$3,345,000
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
24,975 SF
Lot
2.27 ac (98,968 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
30-2011-003-0040
UPID
US19-0645771
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Hialeah, FL
Zoning 6800:COMM,PROFESS OFFICES · permitted uses
6800:COMM,PROFESS OFFICES · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$7.0M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.27 ac
Current owner
From public records · entity-resolved
Mg Property LLC
Entity
Mailing address
18191 NW 68TH AVE STE #103, HIALEAH, FL 33015-3997
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2006
$3,460,000
Mg Property LLC
Segovia Realty LLC
Warranty Deed
$1,650,000 · First Southern Bank
Mar 12, 2004
$2,500,000
Segovia Realty INC
Catalina Lighting INC
Grant Deed
$1,975,000 · Bankunited Fsb
—
—
Mg Property LLC
—
Loan Modification
related
$2,350,000 · Centerstate Bk/fl
—
—
Mg Property LLC
—
Deed Of Trust
related
$775,000 · First Southern Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
