516 NW 57Th Ave Miami, FL 33126
Office buildings
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Entity Owned
7-yr Hold
~
Est. High Equity
For Sale
1 / 6
$1,605,000
516 NW 57Th Ave, Miami, FL 33126
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Estimated value (blended)
$1.61M
Range $1.44M – $1.77M (±10%)
Property ID
US18-3790488
Property summary
AI-generated overview
This exceptional 5,788 square foot office space is available for lease. Located on the second floor of a recently remodeled building, this single-tenant property offers a convenient and efficient workspace. The property is situated in a high-traffic area near the intersection of Flagler and 57th Avenue, ensuring excellent visibility and accessibility for your business. The space is zoned 6107, and the Assessor's Parcel Number (APN) is 01-40-01-003-3021. This is a fantastic opportunity for a business seeking a well-maintained, readily available office space in a desirable location. The lease includes electricity, significantly reducing your operating costs. The building itself has undergone recent renovations, ensuring a modern and updated environment for your team. The single-tenant occupancy provides privacy and control over your workspace. This property is ideal for a company seeking a move-in ready solution with minimal upfront investment. The strategic location near major thoroughfares offers easy access for employees and clients alike. Don't miss this chance to secure this exceptional office space in a thriving commercial area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Construction
CONCRETE
Total area
5,788 SF
Lot
0.22 ac (9,760 SF)
Zoning code
6101
APN
01-4001-003-3021
UPID
US18-3790488
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Building Supply Hardware & Home Improvement
-
Tech Support Center (Bike/Boat/Book/etc) Store
-
Crisis Center Medical Clinic
-
Property Management Company
-
(Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
since 2019
4 recorded transactions
Zoning & alternative use
6101 · Miami, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.61M
Value range
$1.44M – $1.77M
±10% around blend
Estimated value / SF
$277 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.44M
blend $1.61M
$1.77M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,788 SF
Lot area
0.22 ac
Year built
1974
Stories
2
APN
01-4001-003-3021
Assessed value
$1,150,000
Annual tax
$23,640
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,640
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.63M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 5,878 SF
4.5 mi away · 4,230 SF
12.2 mi away · 6,148 SF
12.3 mi away · 6,048 SF
16.5 mi away · 7,358 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.61M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 18 sales
$537
-48%
Submarket 2091 sales
$682
-59%
County 2270 sales
$649
-57%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $277/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
20,781.35%
Selected cap rate for this office buildings
Derived from the Miami market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$166k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$799
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
20,780.85%20,781.35%20,781.85%
$149k
$719
$719
$719
$166k
$799
$799
$798
$183k
$878
$878
$878
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$3.30M
2.6 mi · Oct 2025 · $666/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,640
Tax year 2023
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,100,000
+4.5% YoY
Effective rate
2.06%
On assessed value
Assessed land
$683,200
Assessed improvement
$466,800
Land market value
$683,200
Improvement market value
$466,800
Total market value
$1,150,000
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
5,788 SF
Lot
0.22 ac (9,760 SF)
Zoning code
6101
APN
01-4001-003-3021
UPID
US18-3790488
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FLZoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6101
Jurisdiction
Miami, FL
Recorded code
6101
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6101 in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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