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    Property profile & analytics

    9299 152Nd St Miami, FL 33157

    • Office buildings
    • 1,307 SF
    For Sale
    View listing
    $1,599,900
    Last Sale
    Mar 22, 2024
    $420,000
    Value Estimations
    Cap Rate Potential
    8.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-3563466
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Aurelio J. Fernandez, DMD / Dentist
    • Namoff & Fernandez / Dentist
    • Namoff Anthony V DDS / Dentist
    • Lopez Anabelle DDS / Dentist
    • Miami Institute For Joint Reconstruction / Orthopedic Surgeon

    Property Details for 9299 152Nd St

    Year built
    1978
    Property size
    1,307 SF
    Zone code
    6900:SEMI PROFESS OFFICE
    Property type
    Office buildings
    APN
    30-5021-034-0010
    APU
    3050210340010

    Description

    This exceptional 21,617 square foot office condo is available for lease in the prestigious Coral Reef Medical Park in Miami, Florida. Located at 9299 SW 152 Street #200D, 33157, this single-tenant space boasts a highly desirable location, situated just off US1 at 152 Street, directly across from Jackson Memorial Hospital South. The property is zoned 6900 SEMI PROFESSION (APN: 30-50-21-034-0060) and offers a completely renovated interior. The layout includes one private office, two spacious waiting areas, a convenient kitchen, and a private in-suite bathroom. The suite occupies the entire floor, providing ample space and privacy. This turnkey solution is ideal for a variety of medical practices or professional businesses seeking a prominent location with excellent visibility and accessibility. The property's proximity to Jackson Memorial Hospital South ensures a high volume of potential patients and clients. This is a rare opportunity to secure a well-appointed, fully renovated office space in a thriving medical corridor. The property is easily accessible and readily available for immediate viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $420,000
      ML approach
      $420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $625,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $375,000
      Market price range: $236k - $474k
      AI Estimate
      $258,000
      Market price range: $110k - $371k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $360,000
      Current use
      RETAIL STORES
      $655,000
      Change: +83% Conversion: Moderate
      MEDICAL BUILDING
      $575,000
      Change: +60% Conversion: Easy
      WAREHOUSE, STORAGE
      $390,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $370,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto Bay
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3434
    Latitude
    25.6296
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,572
    $0.00
    $0.00
    $326,750
    -
    $0.00
    $0.00
    $326,750

    Comparable in this City

    • Value Estimation by Request
      969 SF

      9275 152nd St Ste, Unit 108

      PROFESSIONAL BUILDING • 969 SF
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      View Details
    • Value Estimation by Request
      1,335 SF

      9299 152nd St Ste, Unit 204

      OFFICE BUILDING (MULTI-STORY) • 1,335 SF
      9299 152nd St Ste, Palmetto Bay, FL 33157-1776
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    • Value Estimation
      $410,000
      7,080 SF

      9501 160th St

      OFFICE BUILDING (MULTI-STORY) • 7,080 SF
      9501 160th St, Miami, FL 33157-3350
      View Details
    • Value Estimation by Request
      1,230 SF

      9710 Indigo St Ste, Unit 201

      OFFICE BUILDING (MULTI-STORY) • 1,230 SF
      9710 Indigo St Ste, Palmetto Bay, FL 33157-5613
      View Details
    • Value Estimation
      $500,000
      1,374 SF

      9757 Indigo St

      PROFESSIONAL BUILDING • 1,374 SF
      9757 Indigo St, Palmetto Bay, FL 33157-5643
      View Details
    • Value Estimation
      $680,000
      20,276 SF

      17225 Dixie Hwy

      OFFICE BUILDING (MULTI-STORY) • 20,276 SF
      17225 Dixie Hwy, Palmetto Bay, FL 33157-4345
      View Details

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      Palmetto Bay Retail/Medical Space

      1,528 SF retail/medical space available immediately in Palmetto Bay, FL.
      8950 SW 152Nd St, Miami, FL 33157
      View Details
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    9299 152Nd St
    Miami, FL 33157
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    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
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