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Property profile & analytics
OFF-MARKET Estimated value $11,710,000
Office buildings

17395 Bay Rd Sunny Isles Beach, FL 33160-3334

26,847 SF 1.25 ac lot Built 1974
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-6874661
Property summary
AI-generated overview

This fully operational medical office building, located at 17395 N Bay Rd in Sunny Isles Beach, Florida, presents a unique investment opportunity. Built in 1974, this 1600 square foot property is currently generating a monthly rental income of $7,000, translating to $52 per square foot. The building boasts five exam rooms, multiple entrances, and comes fully furnished with all necessary equipment. A significant advantage is the inclusion of a full, free parking lot, a highly desirable feature in this prime Sunny Isles Beach location. The current tenant base consists of approximately 500 clients drawn from the nearby Winston Towers and the surrounding community. Daily operations are managed by a full-time nurse, ensuring smooth functionality. A 3-year lease is in place, with an option to extend to 5 years. All necessary occupational licenses are current and in good standing. The asking price for this turnkey medical practice is $249,900, offering a compelling return on investment for a discerning buyer. This property is ready for immediate use and presents a seamless transition for a new owner. The property is situated in Miami-Dade County, Florida, zip code 33160.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1974
Construction CONCRETE
Total area 26,847 SF
Lot 1.25 ac (54,623 SF)
Zoning code 4000:MULTI-FAM,63-100 U/A
APN 31-2211-004-0222
UPID US18-6874661
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
$8.81M
CAP Approach CAP
$11.68M
Comparable Approach Comparable
$8.53M
Blend (final) Blend
$11.71M
Owner & transaction history
Kerem Sunny Isles LLC · 4 yrs held
Kerem Sunny Isles LLC
since 2022
Last sale
$12.0M
7 recorded transactions
2022
$12.0M
2021
$2.2M
2021
Price N/A
2019
$3.4M
2017
Price N/A
2008
Price N/A
2007
$6.5M
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · Sunny Isles Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $18.1M +3.8%
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