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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
16600 8th Ave North Miami Beach, FL 33162-3618
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1600884
Property summary
AI-generated overview
This single-story, garden-style medical office building in North Miami Beach, FL offers 1,500 square feet of readily available space. Located at 16600 NE 8th Ave, zip code 33162, the property is situated in a convenient location near the intersection of NE 167th Street and NE 8th Avenue. The building is a multi-tenant property, currently shared with a dental practice. Its prime location offers excellent visibility and accessibility. Across the street, tenants and patients will find a shopping center anchored by a Publix and Lowe's, providing ample amenities. The building's single-story design ensures easy navigation and accessibility for all. Furthermore, its proximity to major highways such as I-95 and US-1 provides convenient access for commuters and clients. This presents a fantastic opportunity for medical professionals seeking a well-located, functional space in a thriving North Miami Beach community. The property features ample parking and is easily accessible from major thoroughfares. This space is ideal for a variety of medical practices seeking a convenient and well-appointed location. Inquire today for more details and to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1963
Construction
CONCRETE
Total area
3,080 SF
Lot
0.19 ac (8,325 SF)
Zoning code
3100:MULTI-FAMILY,4 UNITS
APN
30-2218-003-0320
UPID
US18-1600884
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$630k
Owner & transaction history
16600 Ne 8th Avenue LLC · 5 yrs held
16600 Ne 8th Avenue LLC
since 2021
Last sale
$530,000
3 recorded transactions
Zoning & alternative use
3100:MULTI-FAMILY,4 UNITS · North Miami Beach, FL
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
$740,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,015,000
Current use
WAREHOUSE, STORAGE
$915,000
Change: -10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $530k (Jun 2 2021)
Last sale anchor
$530k
Jun 2 2021
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
$205 / 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
$7,147
Tax year 2023
Assessed value
$419,061
Assessed 2023
Previous assessed
$420,627
-0.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$208,125
Assessed improvement
$210,936
Land market value
$208,125
Improvement market value
$210,936
Total market value
$419,061
Applied tax rate
3,000.0000
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
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,080 SF
Lot
0.19 ac (8,325 SF)
Zoning code
3100:MULTI-FAMILY,4 UNITS
APN
30-2218-003-0320
UPID
US18-1600884
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3100:MULTI-FAMILY,4 UNITS · North Miami Beach, FLZoning 3100:MULTI-FAMILY,4 UNITS · permitted uses
3100:MULTI-FAMILY,4 UNITS · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
16600 Ne 8th Avenue LLC
Entity
Mailing address
16600 NE 8TH AVE, NORTH MIAMI BEACH, FL 33162-3618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$530,000
16600 Ne 8th Avenue LLC
Occlusion LLC
Warranty Deed
$424,000 · Td Bank NA
Feb 14, 2012
—
Occlusion LLC
Alvo,gary & Eileen K
Quit Claim Deed
related
—
Sep 13, 2001
$233,000
Gary Alvo
Prolman,nancy
Grant Deed
$200,000 · David D
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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