OFF-MARKET
Office buildings
Individually Owned
2-yr Hold
~
Est. High Equity
Individually Owned Property summary
AI-generated overview
This completely renovated 2,160 square foot single-tenant warehouse office space is located in the heart of North Miami, offering a blend of modern amenities and prime accessibility. The property features three private offices, a spacious lobby area, a newly updated kitchen, and a contemporary bathroom. Every aspect of the space has undergone a complete upgrade, boasting sleek new flooring and fixtures throughout. Its location on 7th Avenue places it steps away from the bustling 125th Street, providing excellent visibility and convenience for clients. The vibrant area offers a diverse mix of restaurants, boutiques, and yoga studios, creating a dynamic and desirable environment. Free parking is conveniently located at 734 NE 126th Street, a short distance from the property. This exceptional property offers unparalleled convenience, with easy access to Surfside Beach (10 minutes), Wynwood (12 minutes), Brickell (14 minutes), and Miami International Airport (14 minutes). The property is zoned 6000 and has a single story building with one suite. The APN is 06-22-30-007-0901. This is a rare opportunity to secure a turn-key office space in a highly sought-after North Miami location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
CONCRETE
Total area
2,160 SF
Lot
0.08 ac (3,306 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0901
UPID
US18-8905627
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$805k
Owner & transaction history
since 2023
Last sale
$632,000
6 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Top alternative use upside
Medical building
$950,000
+34.8%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$805k
Value range
$725k – $886k
±10% around blend
Estimated value / SF
$373 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$725k
blend $805k
$886k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,160 SF
Lot area
0.08 ac
Year built
1959
Stories
1
APN
06-2230-007-0901
Assessed value
$354,818
Annual tax
$6,554
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.40M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 2,211 SF
3.2 mi away · 1,531 SF
5.0 mi away · 2,402 SF
5.6 mi away · 1,951 SF
5.9 mi away · 2,540 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$805k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$326
+14%
Submarket 2091 sales
$682
-45%
County 2270 sales
$649
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $373/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+35%
vs current-use indication
Office Building · current use
Warehouse, Storage
Neighborhood: Shopping Center
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
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 · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
8.20%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.20%
9.0%
NOI (est.)
$44k *
Last sale · Dec 2023
$632k
* 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$540k
Move the market yield to see immediate price impact.
Value / SF
$250
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
7.70%8.20%8.70%
$40k
$517k
$486k
$458k
$44k
$575k
$540k
$509k
$49k
$632k
$593k
$559k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.89M
1.1 mi · Sep 2025 · $676/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,554
Tax year 2023
Assessed value
$354,818
Assessed 2023
Previous assessed
$262,250
+35.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$231,420
Assessed improvement
$123,398
Land market value
$231,420
Improvement market value
$123,398
Total market value
$354,818
Applied tax rate
600.0000
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
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,160 SF
Lot
0.08 ac (3,306 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0901
UPID
US18-8905627
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FLZoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North 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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6000:COMMERCIAL,GENERAL
Jurisdiction
North Miami, FL
Recorded code
6000:COMMERCIAL,GENERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6000:COMMERCIAL,GENERAL in North Miami, FL.
What opens after registration
Zoning profile
Official documentVerified 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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