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    15620 29th St Miramar, FL 33027-5259

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    Property profile & analytics

    15620 29th St Miramar, FL 33027-5259

    View on Map
    • Office buildings
    • 18,068 SF
    • 1.57 lot acres
    Off-Market
    Property ID
    US18-4141298
    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.
    Value Estimations
    $5,655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 15620 29th St

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    1.57 lot acres
    Property size
    18,068 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    51-40-28-11-0031
    APU
    514028110031

    Description

    This exceptional free-standing office building, situated on a 1.57-acre lot in the heart of Miramar, Florida, presents a unique investment opportunity. Boasting a total of 18,068 square feet, this two-story building offers 17,342 square feet of leasable space. The property features a brand-new elevator, providing convenient access to both floors. The first floor includes a spacious lobby, a large reception area, thirteen individual rooms, two bathrooms, and two water fountains. The second floor mirrors the impressive scale with another expansive reception area, two bathrooms, and ten generously sized rooms. This includes a dedicated conference room and a luxurious executive suite complete with a private bathroom, ideal for a CEO's office. The building enjoys stunning water views. Ample parking is provided with over eighty spaces, supplemented by shared parking with a neighboring business. Its strategic location offers easy access to I-75 and Turnpike, placing it within minutes of a variety of amenities including restaurants, hotels, and major retailers such as Home Depot. The property's versatility makes it suitable for a wide range of uses, including schools, universities, technology companies, medical facilities, laboratories, law firms, financial institutions, or corporate headquarters. This is a truly remarkable property in a thriving Miramar location. The asking price is $9,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,200,000
      6.5%
      $5,725,000
      7%
      $5,315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,008,000
      Market price range: $4.86M - $13.9M
      AI Estimate
      $4,229,000
      Market price range: $4.23M - $8.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,405,000
      INDUSTRIAL (GENERAL)
      $8,300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miramar
    County
    Broward
    State
    Florida
    Longitude
    -80.3543
    Latitude
    25.9821
    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
    $90,580
    $548,650
    $3,231,290
    $3,779,940
    -
    $548,650
    $3,231,290
    $3,779,940

    Comparable in this City

    • Value Estimation
      $17,135,000
      64,296 SF

      2900 Monarch Lks Blvd

      OFFICE BUILDING (MULTI-STORY) • 64,296 SF
      2900 Monarch Lks Blvd, Miramar, FL 33027-3957
      View Details
    • Value Estimation
      $46,575,000
      134,786 SF

      14700 Caribbean Way

      OFFICE BUILDING (MULTI-STORY) • 134,786 SF
      14700 Caribbean Way, Miramar, FL 33027-4161
      View Details
    • Value Estimation
      $35,580,000
      145,755 SF

      3700 Lakeside Dr

      OFFICE BUILDING (MULTI-STORY) • 145,755 SF
      3700 Lakeside Dr, Miramar, FL 33027-3264
      View Details
    • Value Estimation
      $20,900,000
      95,646 SF

      3601 160th Ave

      OFFICE BUILDING (MULTI-STORY) • 95,646 SF
      3601 160th Ave, Miramar, FL 33027-6308
      View Details
    • Value Estimation
      $555,000
      1,646 SF

      12781 Miramar Pkwy1-305

      PROFESSIONAL BUILDING • 1,646 SF
      12781 Miramar Pkwy1-305, Miramar, FL 33027-2906
      View Details
    • Value Estimation by Request
      1,171 SF

      12781 Miramar Pkwy1-104

      PROFESSIONAL BUILDING • 1,171 SF
      12781 Miramar Pkwy1-104, Miramar, FL 33027-2906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,068 SF

      15620 SW 29th St, Miramar, FL 33027

      Office buildings • 18,068 SF
      15620 SW 29Th St, Miramar, FL 33027
      View Details
    • $9,500,000
      18,068 SF

      Miramar Free-Standing Building For Sale

      Free-standing two-story building in Miramar with ample parking.
      15620 SW 29Th St, Miramar, FL 33027
      View Details
    • Contact for pricing

      Miramar Therapy-Ready Sublease Opportunity

      Sublease opportunity ideal for therapy professionals in Miramar, Florida.
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    Similar Nearby for Lease

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      62,771 SF

      Miramar Office Space Available

      62,771 sqft office space for rent in Miramar, Florida.
      3401 SW 160Th Ave, Miramar, FL 33027
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    • Contact for pricing
      23,506 SF

      Miramar Class A Office Space

      Class A office space in Miramar Centre Corporate Park.
      3501 SW 160Th Ave, Miramar, FL 33027
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      27,919 SF

      Office Space in Pembroke Pines

      Available office space in Pembroke Pines, Florida, totaling 27,919 square feet.
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      3,501 SF

      Miramar Centre Class A Office

      Class A office space in Miramar Centre Office and Industrial Park.
      3401 SW 160Th Ave, Miramar, FL 33027
      View Details
    • Contact for pricing

      Miramar Industrial Space with Storage

      92,155 sq. ft. industrial space with outdoor storage available.
      15800 SW 25Th St, Miramar, FL 33027
      View Details
    • Contact for pricing

      Stylish Coworking Facility For Rent

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    Miramar, FL 33027-5259
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    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
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