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Property profile & analytics
OFF-MARKET
Estimated value
$13,940,000
Office buildings
16690 Collins Ave Sunny Isles Beach, FL 33160-5684
Individually Owned
18-yr Hold
Free & Clear
Property ID
US19-0826994
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2020
Construction
CONCRETE
Total area
246,168 SF
Lot
0.71 ac (31,113 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
31-2214-007-0350
UPID
US19-0826994
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
by Request
Blend (final)
Blend
$13.94M
Owner & transaction history
Sttropez Bch Revocable Stat · 18 yrs held
Sttropez Bch Revocable Stat
since 2008
5 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Sunny Isles Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sunny Isles Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunny Isles 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$57 / 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
$509,648
Tax year 2023
Assessed value
$32,200,000
Assessed 2023
Previous assessed
$25,800,000
+24.8% YoY
Effective rate
1.58%
On assessed value
Assessed land
$4,978,080
Assessed improvement
$27,221,920
Land market value
$4,978,080
Improvement market value
$27,221,920
Total market value
$32,200,000
Applied tax rate
3,100.0000
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
2020
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
13
Total area
246,168 SF
Lot
0.71 ac (31,113 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
31-2214-007-0350
UPID
US19-0826994
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Sunny Isles Beach, FLZoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · Sunny Isles Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
13
Lot
0.71 ac
Current owner
From public records · entity-resolved
Sttropez Bch Revocable Stat
Individual
Free & Clear · 18 yrs held
Mailing address
3211 PONCE DE LEON BLVD STE #301, CORAL GABLES, FL 33134-7274
Ownership since
2008
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 21, 2011
—
St Tropez II LLC
—
Deed Of Trust
related
$39,981,357 · Wells Fargo Bank
Apr 8, 2010
—
Sttropez II LLC
—
Deed Of Trust
related
$79,166,410 · Wells Fargo Bank
Feb 11, 2008
—
Sttropez Bch Revocable Stat
Sttropez II LLC
Quit Claim Deed
—
May 26, 2006
$5,500,000
St Tropez II LLC
Mcbride Sunny Isles LLC
Warranty Deed
—
May 27, 2005
$2,335,000
Mcbride Sunny Isles LLC
Mcbride Arthur B Trust
Warranty Deed
—
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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