Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    323 Sunny Is Blvd Sunny Isles Beach, FL 33160

    • Office properties & Spaces
    • 12,143 SF
    For Lease
    View listing
    $80 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 323 Sunny Is Blvd

    Property size
    12,143 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sunny Isles Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1262
    Latitude
    25.93

    Comparable in this City

    • Value Estimation by Request
      585,786 SF

      3881 163Rd St

      Restaurants • 585,786 SF
      3881 163Rd St, North Miami Beach, FL 33160
      View Details
    • Value Estimation by Request

      Bay Rd

      Office properties & Spaces
      0 Bay Rd, Sunny Isles Beach, FL 33160
      View Details
    • Value Estimation by Request

      18170 Collins Ave

      Medical Office Space
      18170 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • Value Estimation by Request

      19201 Collins Ave

      Individual retail properties
      19201 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • Value Estimation by Request

      21290 Biscayne Blvd

      Office properties & Spaces
      21290 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • Value Estimation by Request
      5,514 SF

      17550 Collins Ave

      Office properties & Spaces • 5,514 SF
      17550 Collins Ave, Sunny Isles Beach, FL 33160
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail/Office Space in North Miami

      Retail/office spaces with high visibility and ample parking.
      18480 W Dixie Hwy, North Miami Beach, FL 33160
      View Details
    • Contact for pricing

      Professional Office Space in Sunny Isles

      200 Sqft office space in a prime Sunny Isles location.
      19370 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • Contact for pricing

      Aventura Office Suite on Biscayne

      Centrally located Aventura office suite in Bank of America building.
      18305 Biscayne Blvd, Aventura, FL 33160
      View Details
    • Contact for pricing
      1,200 SF

      Turnkey Space in Sunny Isles

      Collins Avenue retail/office space in upscale Sunny Isles Beach, FL.
      17100 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • $92,000
      1,250 SF

      Thriving Spa Business - North Miami Beach

      Established Spa, High Revenue, Turnkey Opportunity
      17850 Dixie Hwy, North Miami Beach, FL 33160
      View Details
    • $309,000
      664 SF

      Furnished Suite with City Views

      Furnished suite in Sunny Isles Beach with city and bay views.
      18001 Collins Ave, Sunny Isles Beach, FL 33160
      View Details

    Similar Nearby for Lease

    • $80 SF/Yr
      12,143 SF

      323 Sunny Is Blvd

      Office Units • 12,143 SF
      323 Sunny Is Blvd, Sunny Isles Beach, FL 33160
      View Details
    • Sponsored
      Contact for pricing

      Netenya Center

      Workspaces, services and support to help you work better in Lighton Tower
      323 Sunny Isles Blvd, Sunny Isles Beach, FL 33160
      View Details
    • $1,200 /Mo

      Sunny Isles Beach Office Space

      200 Sqft office space in a prime Sunny Isles location.
      19370 Collins Ave, Sunny Isles Beach, FL 33160
      View Details
    • $0.02 SF/Yr
      50,000 SF

      Aventura Medical Office Space

      Class A Office, 50,000 sq ft, prime location.
      21290 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • $0.01 SF/Yr
      35,000 SF

      Aventura Office Space for Lease

      Prime Aventura Office, 3898 sq ft
      18305 Biscayne Blvd, Aventura, FL 33160
      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
    Request Owner's contact information
    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.
    323 Sunny Is Blvd
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!