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Property profile & analytics
OFF-MARKET
Estimated value
$46,575,000
Office buildings
14700 Caribbean Way Miramar, FL 33027-4161
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5860751
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
134,786 SF
Lot
10.41 ac (453,304 SF)
Zoning code
PID
APN
51-40-22-04-0011
UPID
US18-5860751
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
by Request
CAP Approach
CAP
$42.70M
Comparable Approach
Comparable
$61.89M
Blend (final)
Blend
$46.58M
Owner & transaction history
14700 Caribbean Way LLC · 7 yrs held
14700 Caribbean Way LLC
since 2019
6 recorded transactions
Zoning & alternative use
PID · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
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 Miramar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,260,000
6.5%
$42,700,000
7%
$39,650,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$76,475,000
Current use
COMMERCIAL (GENERAL)
$62,720,000
Change: -18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$61,935,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$46.58M
Range $41.92M – $51.23M · ±10%
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
$346 / 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
$632,576
Tax year 2023
Assessed value
$33,378,880
Assessed 2023
Previous assessed
$33,378,880
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$3,626,430
Assessed improvement
$29,752,450
Land market value
$3,626,430
Improvement market value
$29,752,450
Total market value
$33,378,880
Applied tax rate
2,713.0000
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
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
134,786 SF
Lot
10.41 ac (453,304 SF)
Zoning code
PID
APN
51-40-22-04-0011
UPID
US18-5860751
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PID · Miramar, FLZoning PID · permitted uses
PID · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide a protective zone for campus-like environments that will encourage the development of nonpolluting light industry and compatible uses which support the economic base of the city.
Zone name
Planned Industrial Development
General category
INDUSTRIAL
Zone area
1,292.67 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$76.5M
COMMERCIAL (GENERAL)
Est. value
$62.7M
INDUSTRIAL (GENERAL)
Est. value
$61.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
10.41 ac
Current owner
From public records · entity-resolved
14700 Caribbean Way LLC
Entity
Mailing address
1201 HAYS ST, TALLAHASSEE, FL 32301-2699
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2019
$45,000,000
14700 Caribbean Way LLC
RT Miramar II LLC
Trustees Deed
$29,250,000 · Ubs Ag
May 7, 2019
$45,000,001
14700 Caribbean Way LLC
RT Miramar II LLC
Special Warranty Deed
$29,250,000 · Ubs Ag Tampa Branch
Oct 22, 2010
—
RT Miramar II LLC
Ipc Florida I LLC
Grant Deed
related
—
Jan 4, 2010
$119,000
RT Miramar II LLC
Ipc Florida I LLC
Grant Deed
—
Nov 26, 2003
$28,147,000
Ipc Florida I LLC
Opus Real Estate Natl IV Fl
Grant Deed
—
—
—
Miramar Investors LLC
—
Deed Of Trust
related
$35,560,000 · Hsbc Realty Credit Corp (usa)
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.
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