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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Schools
16150 17th Ave North Miami Beach, FL 33162-4744
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0506628
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1982
Construction
CONCRETE
Total area
18,720 SF
Lot
0.22 ac (9,688 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2217-016-0040
UPID
US19-0506628
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
$4.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$5.07M
Owner & transaction history
16150 Ne 17 Ave LLC · 4 yrs held
16150 Ne 17 Ave LLC
since 2022
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.2M
+12.8%
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 North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami Beach 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
$4,880,000
ML approach
$4,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$7,290,000
Current use
MEDICAL BUILDING
$8,220,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$6,160,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±10% · vs last sale $5.25M (Jun 16 2022)
Last sale anchor
$5.25M
Jun 16 2022
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
$271 / 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
Assessed value
$2,208,042
Assessed 2023
Previous assessed
$1,687,219
+30.9% YoY
Assessed land
$920,360
Assessed improvement
$1,287,682
Land market value
$920,360
Improvement market value
$1,287,682
Total market value
$2,208,042
Applied tax rate
700.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
18,720 SF
Lot
0.22 ac (9,688 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2217-016-0040
UPID
US19-0506628
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$6.2M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
MEDICAL BUILDING
OFFICE BUILDING
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
16150 Ne 17 Ave LLC
Entity
Mailing address
16485 COLLINS AVE APT #2231, SUNNY ISLES BEACH, FL 33160-4552
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$5,250,000
16150 Ne 17 Ave LLC
Southvest Investments INC
Warranty Deed
$2,625,000 · Professional Bank
Sep 24, 2014
$3,319,200
Southvest Investments INC
International Dental Supply Co
Grant Deed
—
May 8, 2006
$1,900,000
International Dental Supply Co
Sun Cove Associates Ltd
Warranty Deed
$975,000 · Zions First National Bank
Feb 10, 2006
—
Sun Cove Associates Ltd
—
Trustees Deed
related
$200,000 · Robert & Esther Brass
—
—
Sun Cove Associates Ltd
—
Deed Of Trust
related
$150,000 · Wachovia Bank NA
—
—
Southvest Investments INC
—
Deed Of Trust
related
$1,659,583 · Bank Of America
—
—
Sun Cove Associates Ltd
—
Deed Of Trust
related
$360,000 · Continental Bank NA
—
—
Sun Cove Assocites Ltd
—
Deed Of Trust
related
$147,246 · Republic Security Bank
—
—
Sun Cove Associates Ltd
—
Deed Of Trust
related
$200,000 · Robert & Esther Brass
—
—
International Dental Supply Co
—
Deed Of Trust
related
$2,075,000 · International Finance Bank
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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