16340 59th Ave 10 Miami Lakes, FL 33014-5601
Entity Owned
11-yr Hold
~
Est. High Equity
Estimated value (blended)
$745k
Range $671k – $820k (±10%)
Property ID
US18-1552399
Property summary
AI-generated overview
This exceptional 4,384-square-foot office building in Miami Lakes, Florida, presents a unique opportunity for a single tenant. Built in 2011, the property boasts a modern design and is ideally suited for traditional office, executive office, or medical office uses. The building features two floors of flexible workspace, providing ample room for growth and customization. With 17 parking spaces available, client and employee parking is readily accommodated. An elevator ensures convenient access to both floors. Located in the desirable Miami Lakes submarket of Miami-Dade County, this property offers easy access to major highways and a wealth of nearby amenities. The building's prime location within a thriving commercial district provides a professional and convenient environment for any business. The entire 4,384 square feet is currently vacant, allowing for immediate occupancy and complete design flexibility to suit your specific needs. The property's modern design and convenient location make it an ideal choice for businesses seeking a high-quality, functional, and stylish workspace in a sought-after area of South Florida. The zip code is 33014.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2011
Total area
4,384 SF
Lot
0.21 ac (9,009 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2013-057-0100
UPID
US18-1552399
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$745k
Owner & transaction history
since 2015
7 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Top alternative use upside
Retail stores
$2.2M
+64.1%
Medical building
$1.9M
+42.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 16 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$745k
Value range
$671k – $820k
±10% around blend
Estimated value / SF
$170 / SF
Confidence
High
16 county-verified comps
Property data
75
Market benchmarks
67
Comparable evidence
100
$671k
blend $745k
$820k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,384 SF
Lot area
0.21 ac
Year built
2011
APN
32-2013-057-0100
Assessed value
$1,280,564
Annual tax
$20,246
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.88M
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.9 mi away · 4,952 SF
10.1 mi away · 3,150 SF
11.0 mi away · 4,230 SF
12.6 mi away · 3,198 SF
12.8 mi away · 4,370 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$745k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$309
-45%
County 2270 sales
$649
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $170/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+64%
vs current-use indication
Medical Building
Office Building · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.28M
Move the market yield to see immediate price impact.
Value / SF
$292
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$81k
$1.61M
$1.15M
$896k
$90k
$1.79M
$1.28M
$996k
$99k
$1.97M
$1.41M
$1.10M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$2.35M
7.7 mi · Feb 2026 · $445/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,246
Tax year 2023
Assessed value
$1,280,564
Assessed 2023
Previous assessed
$1,280,564
+0.0% YoY
Effective rate
1.58%
On assessed value
Total market value
$1,280,564
Applied tax rate
3,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2011
Heating
NONE
Total area
4,384 SF
Lot
0.21 ac (9,009 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2013-057-0100
UPID
US18-1552399
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FLZoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7700:INDUSTRIAL,RESTRICT
Jurisdiction
Miami Lakes, FL
Recorded code
7700:INDUSTRIAL,RESTRICT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7700:INDUSTRIAL,RESTRICT in Miami Lakes, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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