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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Office buildings
15715 Dixie Hwy Palmetto Bay, FL 33157-1800
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1673415
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Construction
CONCRETE
Total area
48,160 SF
Lot
1.21 ac (52,532 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
33-5028-072-0010
UPID
US18-1673415
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
$8.71M
Blend (final)
Blend
$9.05M
Owner & transaction history
15715 Palmetto Bay Centre LLC · 1 yrs held
15715 Palmetto Bay Centre LLC
since 2024
5 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Palmetto Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$14.3M
+8.4%
Neighborhood: shopping center
$13.7M
+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 Palmetto Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto Bay 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
$13,210,000
Current use
WAREHOUSE, STORAGE
$14,320,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,690,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±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
$188 / 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
$98,672
Tax year 2023
Assessed value
$6,000,000
Assessed 2023
Previous assessed
$6,000,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$3,939,900
Assessed improvement
$2,060,100
Land market value
$3,939,900
Improvement market value
$2,060,100
Total market value
$6,000,000
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
48,160 SF
Lot
1.21 ac (52,532 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
33-5028-072-0010
UPID
US18-1673415
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Palmetto Bay, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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
$13.2M
WAREHOUSE, STORAGE
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
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
2004
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Lot
1.21 ac
Current owner
From public records · entity-resolved
15715 Palmetto Bay Centre LLC
Entity
Mailing address
15715 S DIXIE HWY, PALMETTO BAY, FL 33157-1800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
—
15715 Palmetto Bay Centre LLC
Palmetto Bay Centre INC
Intrafamily Transfer
related
—
Dec 6, 2022
—
Crown Castle As LLC
Palmetto Bay Centre INC
Lease
—
—
—
Ld Acquisition Co 13 LLC
—
Deed Of Trust
related
$65,000,000 · Viewpoint Bk
—
—
Palmetto Bay Centre INC
—
Deed Of Trust
related
$1,000,000 · Unibank
—
—
Palmetto Bay Centre INC
—
Deed Of Trust
related
$4,894,642 · Firstbank Puerto Rico Miami Ag
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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