Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,065,000
Office buildings
111 183rd St Miami Gardens, FL 33169-4537
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0442932
Property summary
AI-generated overview
This Class A office building at 111 NW 183rd St, Miami Gardens, FL 33169, offers 2,215 square feet of versatile space, divided into four available suites ranging from 1,261 to 2,215 square feet. Located near the intersection of 183rd Street and NW 1st Avenue, this single-building property provides a full-service lease option with negotiable rates, making it ideal for both established and emerging businesses. The building features eight parking spaces, and is easily accessible. The property is classified as an Executive and Creative Office space, perfect for a variety of business needs. This is a multi-tenant building with no elevators. Don't miss this opportunity to secure your ideal workspace in a thriving North Miami location. The address is conveniently located in the Washington Square area of North Miami Beach.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Construction
CONCRETE
Total area
75,336 SF
Lot
3.58 ac (156,005 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2101-000-0110
UPID
US18-0442932
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.13M
Blend (final)
Blend
$13.07M
Owner & transaction history
Gurea Properties · 3 yrs held
Gurea Properties
since 2022
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$21.4M
+14.3%
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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
$12,785,000
ML approach
$9,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,740,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$21,410,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$13.07M
Range $11.76M – $14.37M · ±10% · vs last sale $13.75M (Nov 29 2022)
Last sale anchor
$13.75M
Nov 29 2022
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
$173 / 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
$259,132
Tax year 2023
Assessed value
$11,200,000
Assessed 2023
Previous assessed
$6,500,000
+72.3% YoY
Effective rate
2.31%
On assessed value
Assessed land
$5,772,185
Assessed improvement
$5,427,815
Land market value
$5,772,185
Improvement market value
$5,427,815
Total market value
$11,200,000
Applied tax rate
3,400.0000
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
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
5
Total area
75,336 SF
Lot
3.58 ac (156,005 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2101-000-0110
UPID
US18-0442932
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FLZoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
3.58 ac
Current owner
From public records · entity-resolved
Gurea Properties
Entity
Mailing address
111 NW 183RD ST STE #109, MIAMI, FL 33169-4520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
$13,750,000
Gurea Properties
Wip Washington Square LLC
Special Warranty Deed
$8,950,000 · Inb National Association
Jan 8, 2020
$6,100,000
Wip-washington Square LLC
Lincoln Square Office LLC
Grant Deed
$5,395,000 · Ready Cap Structured Fin
May 26, 2015
$12,600,000
Lincoln Square Office LLC
Divine Square Lw LLC
Trustees Deed
$11,300,000 · Bank Of The Ozarks
Oct 22, 2014
—
Divine Square Lw LLC
—
Loan Modification
related
$13,778,958 · Intervest Nat'l Bk
Jun 28, 2011
—
Divine Square Lw LLC
—
Deed Of Trust
related
$14,833,659 · Intervest National Bank
Dec 1, 2009
—
Divine Square Lw LLC
—
Deed Of Trust
related
$15,110,865 · Intervest National Bank
Nov 17, 2008
—
Divine Square Lw LLC
—
Grant Deed
related
$15,500,000 · Intervest National Bank
Nov 6, 2007
$25,737,500
Divine Square Lw LLC
Nri 3 LLC
Warranty Deed
$15,500,000 · Intervest National Bank
Sep 21, 2005
$12,600,000
Nri 3 LLC
Home Construction Inv Corp
Warranty Deed
$10,080,000 · Totalbank
—
—
Lincoln Square Office LLC
—
Loan Modification
related
$11,300,000 · Bank Of The Ozarks
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?”
You own 111 183rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
