Add Listing
    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

    15315 Dixie Hwy Palmetto Bay, FL 33157

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Palmetto Bay Office: 29,000 SF, Move-In Ready

    Lot size:
    29,000 SF

    Property Features for 15315 Dixie Hwy

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,000 SF

    Spaces For Lease

    at 15315 Dixie Hwy, Palmetto Bay, FL 33157 Contact us
    Unit 300

    $0.01 /Mo

    Size
    29,000 SF
    Contact us

    We can help!

    Listing Contact
    Edward Schmidt
    Edward Schmidt

    Listing Agency: E. L. S. Realty Corp. Listing Agent: Edward Schmidt

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 29,000 square foot office space, located at 15315 S Dixie Hwy #300 in Palmetto Bay, Florida (zip code 33157), is immediately available and move-in ready. The single-tenant property boasts a prime location with direct frontage on South Dixie Highway (US 1), offering unparalleled visibility and accessibility. The building is zoned 6200 and its APN is 33-50-28-064-0010. Convenient access to both South Dixie Highway (US 1) and Florida's Turnpike ensures effortless commuting for employees and clients. A significant advantage is the rooftop parking, complete with a covered walkway providing direct access to the office spaces. The property's strategic location is further enhanced by its proximity to the new South Miami-Dade Busway, situated directly across the street, providing excellent public transportation options. This single-suite building presents a rare opportunity for a business seeking a substantial, well-located, and immediately available office space in the thriving Palmetto Bay market. The property is ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto Bay
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3410684
    Latitude
    25.6277988

    Nearby Similar for Lease

    • $35 SF/Yr
      1,999 SF

      Versatile Retail Space on US-1

      Adaptable retail space with high visibility on US-1.
      17225 S Dixie Hwy, Palmetto Bay, FL 33157
      View Details
    • $1,600 /Mo

      Prime Retail/Medical Space Available

      264 SF space ideal for medical or retail use.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $5,500 /Mo

      Palmetto Bay Commercial Space

      Flexible commercial space ideal for retail, office, or warehouse.
      10650 SW 186 Dr, Palmetto Bay, FL 33157
      View Details
    • $5,430 /Mo

      Retail Space in Palmetto Bay

      1086 sqft space ideal for medical or aesthetic businesses.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $4,040 /Mo

      Palmetto Bay Retail/Medical Space

      808 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $7,640 /Mo

      Palmetto Bay Retail/Medical Space

      1,528 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $4,590 /Mo

      Palmetto Bay Retail/Medical Space

      918 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Palmetto Bay, FL 33157
      View Details
    • $11,000 /Mo

      Retail Space on US1

      2,200 SF retail space for rent in Palmetto Bay.
      15801 S Dixie Hwy, Palmetto Bay, FL 33157
      View Details
    • $3,500 /Mo

      Palmetto Bay Retail/Office Space

      800 sqft retail/office space in Palmetto Bay available for rent.
      9225 SW 158Th Ln, Palmetto Bay, FL 33157
      View Details
    • $35 SF/Yr
      1,684 SF

      Professional Suites on South Dixie

      Class B office suites for lease with excellent visibility.
      8925 SW 148Th Dr, Palmetto Bay, FL 33158
      View Details
    • Contact for pricing
      4,293 SF

      Palmetto Bay Retail Opportunity

      Retail space with high visibility and drive-thru potential.
      9823-9835 E Hibiscus St, Palmetto Bay, FL 33257
      View Details
    • Contact for pricing
      2,894 SF

      Colonial Palms Plaza Retail Space

      Retail space available in high-traffic Miami location.
      13605 S Dixie Hwy, Palmetto Bay, FL
      View Details

    FAQs

    What type of property is this?
    Office property - Palmetto Bay Office: 29,000 SF, Move-In Ready
    Where is this office property located?
    The property is located at 15315 Dixie Hwy Palmetto Bay, FL.
    What is the lease rate?
    The lease rate is $0.01 SF/Yr.
    (786) 260-0401 Call to check price and availability
    Request Owner's contact information
    15315 Dixie Hwy Palmetto Bay, FL 33157
    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.
    15315 Dixie Hwy
    Palmetto Bay, FL 33157
    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
    15315 Dixie Hwy Palmetto Bay, FL 33157
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Edward Schmidt
    Edward Schmidt
    Real Estate License ID: 0473167
    (786) 260-0401 (305) 389-3837 (305) 938-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!