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Property profile & analytics
FOR SALE
Office buildings
15315 S Dixie Hwy Miami, FL 33157
Entity Owned
~
Est. High Equity
Property ID
US18-3803806
For Sale
1 / 8
$6,385,000
15315 S Dixie Hwy, Miami, FL 33157
View Listing →
Property summary
AI-generated overview
Coral Reef Plaza, located at 15315 S Dixie Hwy in Miami, Florida (zip code 33157), offers a fantastic opportunity for businesses seeking immediate occupancy. This traditional office space, part of a larger three-story building totaling 29,000 square feet, features one available suite of 634 square feet. Built in 1989, the building is zoned 6200 and boasts convenient rooftop parking with a covered walkway directly connecting to the available office spaces. The property is designated as APN 33-5028-064-0010. The space is move-in ready and immediately available, making it ideal for businesses needing quick access to functional office space. The building's multiple tenancy structure ensures a diverse and vibrant professional environment. This prime location in Palmetto Bay offers easy access to major transportation routes and amenities. The suite is perfect for a small business or team requiring a well-maintained and conveniently located office. Don't miss this chance to secure this exceptional office space in a thriving Miami location.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
CONCRETE
Total area
26,322 SF
Lot
1.69 ac (73,736 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
33-5028-064-0010
UPID
US18-3803806
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.36M
Blend (final)
Blend
$6.39M
Owner & transaction history
Coral Reef Shopping Plaza LLC
Coral Reef Shopping Plaza LLC
since 2026
1 recorded transaction
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$7.8M
+8.4%
Neighborhood: shopping center
$7.5M
+3.6%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,220,000
Current use
WAREHOUSE, STORAGE
$7,825,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,480,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$6.39M
Range $5.75M – $7.02M · ±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
$243 / 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
$106,884
Tax year 2023
Assessed value
$6,400,000
Assessed 2023
Previous assessed
$5,900,000
+8.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$5,530,200
Assessed improvement
$869,800
Land market value
$5,530,200
Improvement market value
$869,800
Total market value
$6,400,000
Applied tax rate
3,300.0000
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
PROFESSIONAL BUILDING
Status
For Sale
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
26,322 SF
Lot
1.69 ac (73,736 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
33-5028-064-0010
UPID
US18-3803806
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, FLZoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, 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
$7.2M
WAREHOUSE, STORAGE
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Coral Reef Shopping Plaza LLC
Entity
Mailing address
15321 S DIXIE HWY STE #310, PALMETTO BAY, FL 33157-1873
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2026
$11,950,000
Coral Reef Shopping Plaza LLC
Coral Reef Plaza INC
Special Warranty Deed
related
$7,767,500
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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