Sign Up Successful!
You now have access to more from Realmo!
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

    1385 15th St Miami, FL 33125-1621

    • Office buildings
    • 2,127 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2711334
    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

    • D5 Cabling Solutions - Voice & Data / Telecommunications Service / General Contractor
    • Lighting Reps / Home Decor Store / Department Store
    • Hahn-Kemmer / Construction Company / General Contractor
    • Probrand Low Voltage Corp / General Contractor
    • Will Inc / Construction Company / General Contractor

    Property Details for 1385 15th St

    Year built
    1949
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    2,127 SF
    Zone code
    9600:HOSPITALS
    Property type
    Office buildings
    APN
    01-3135-024-0240
    APU
    131350240240

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,000,000
      7%
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $457,000
      Market price range: $151k - $615k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $990,000
      Current use
      COMMERCIAL (GENERAL)
      $1,085,000
      Change: +10% Conversion: Easy
      MEDICAL BUILDING
      $935,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2187
    Latitude
    25.7896
    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
    $11,870
    $607,500
    $102,214
    $709,714
    -
    $607,500
    $102,214
    $709,714

    Comparable in this City

    • Value Estimation by Request
      1,950 SF

      1201 Nws Riv Dr

      OFFICE BUILDING • 1,950 SF
      1201 Nws Riv Dr, Miami, FL 33125-3605
      View Details
    • Value Estimation
      $1,130,000
      3,891 SF

      3445 7th St

      PROFESSIONAL BUILDING • 3,891 SF
      3445 7th St, Miami, FL 33125-4013
      View Details
    • Value Estimation
      $1,535,000
      5,074 SF

      3628 7th St

      OFFICE BUILDING • 5,074 SF
      3628 7th St, Miami, FL 33125-4069
      View Details
    • Value Estimation
      $4,275,000
      17,684 SF

      1234 7th St

      OFFICE BUILDING (MULTI-STORY) • 17,684 SF
      1234 7th St, Miami, FL 33125
      View Details
    • Value Estimation
      $1,590,000
      7,044 SF

      3061 7th St

      OFFICE BUILDING (MULTI-STORY) • 7,044 SF
      3061 7th St, Miami, FL 33125-4241
      View Details
    • Value Estimation
      $965,000
      3,364 SF

      1230 7th St

      OFFICE BUILDING (MULTI-STORY) • 3,364 SF
      1230 7th St, Miami, FL 33125-3702
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Income-Generating Mixed-Use Investment Property

      Mixed-use property with immediate cash flow and redevelopment potential.
      2244 NW 7Th St, Miami, FL 33125
      View Details
    • $1,250,000
      2,600 SF

      Miami Commercial Building For Sale

      2,600 SF commercial building with gated parking in Miami.
      3670 NW 6Th St, Miami, FL 33125
      View Details
    • $1,200,000

      Mixed-Use Investment Property For Sale

      Income-generating mixed-use property with redevelopment potential in high-demand location.
      2238 NW 7Th St, Miami, FL 33125
      View Details
    • $1,100,000
      4,362 SF

      Little Havana Medical Building For Sale

      Freestanding, recently remodeled medical building in Little Havana with parking.
      1560 SW 1St St, Miami, FL 33125
      View Details
    • Contact for pricing

      Miami River Retail/Office Space

      Retail/office space in high-traffic Miami River area.
      1401 Nw 17Th Ave, Miami, FL 33125
      View Details
    • $4,150,000

      Mixed-Use Building Near River Landing

      Mixed-use corner building with high potential near River Landing.
      1450 NW 17Th Ave, Miami, FL 33125
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      3,477 SF

      Health District Stand-Alone Office Building

      Stand-alone office building in the Health District with on-site parking.
      1571 NW 13Th Ct, Miami, FL 33125
      View Details
    • $34 SF/Yr
      14,112 SF

      Miami Medical Office Building

      Little Havana, 14,112 SF Medical Office
      2380 7Th St, Miami, FL 33125
      View Details
    • New
      $4,500 /Mo

      Miami Office Space For Rent

      Second-floor medical/professional office space with multiple rooms and amenities.
      600 NW 35Th Ave, Miami, FL 33125
      View Details
    • $30 SF/Yr
      67,055 SF

      Miami Office Space for Lease

      Modern Miami office suites, flexible layouts.
      42 27Th Ave, Miami, FL 33125
      View Details
    • $7,500 /Mo

      Miami Office Space for Lease

      Prime office space with 17 private offices in Miami, FL.
      3401 NW 7Th St, Miami, FL 33125
      View Details
    • Contact for pricing
      14 SF

      Freestanding Medical Office Building Available

      Two-story medical office building in Little Havana, Miami for rent.
      2380-2390 NW 7Th St, Miami, FL 33125
      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.
    1385 15th St
    Miami, FL 33125-1621
    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.