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Property profile & analytics
FOR LEASE
Office buildings
18851 Northeast 29Th Ave Aventura, FL 33180
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US19-0389416
For Lease
1 / 7
$955,000
18851 Northeast 29Th Ave, Aventura, FL 33180
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Property summary
AI-generated overview
This exceptional 4022-square-foot office space at 18851 NE 29th Ave #601 offers breathtaking east-facing views of the bay and its yachts. The single-tenant unit is ideally suited for a variety of businesses, boasting a versatile layout perfect for traditional, creative, or medical office uses. High-end finishes throughout create an impressive and professional atmosphere. The space includes a welcoming foyer, eight individual offices, a fully equipped kitchen, a large conference room with capacity for 50 people, and a dedicated lunch area. The unit's zoning is 7703, and its APN is 28-22-03-062-0010. Parking is readily available for this unit, with valet services also an option. This move-in ready space is perfect for a business seeking a prestigious and functional location with unparalleled views. The property is zoned for retail, office, and is currently configured as a traditional, creative, and medical office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
CONCRETE
Total area
520,206 SF
Lot
3.85 ac (167,655 SF)
Zoning code
7703:MARINE ACTIVITY REL
APN
28-2203-062-0010
UPID
US19-0389416
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
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$955k
Owner & transaction history
10x Centre LLC · 5 yrs held
10x Centre LLC
since 2021
Last sale
$910,000
7 recorded transactions
Zoning & alternative use
7703:MARINE ACTIVITY REL · Aventura, 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 Aventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aventura 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
$1,050,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $910k (Jun 11 2021)
Last sale anchor
$910k
Jun 11 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
$2 / 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
$1,292,334
Tax year 2023
Assessed value
$76,600,000
Assessed 2023
Previous assessed
$74,100,000
+3.4% YoY
Effective rate
1.69%
On assessed value
Assessed land
$10,897,575
Assessed improvement
$65,702,425
Land market value
$10,897,575
Improvement market value
$65,702,425
Total market value
$76,600,000
Applied tax rate
2,800.0000
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
For Lease
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
2
Stories
10
Total area
520,206 SF
Lot
3.85 ac (167,655 SF)
Zoning code
7703:MARINE ACTIVITY REL
APN
28-2203-062-0010
UPID
US19-0389416
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7703:MARINE ACTIVITY REL · Aventura, FL
Zoning 7703:MARINE ACTIVITY REL · permitted uses
7703:MARINE ACTIVITY REL · Aventura, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aventura. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
10
Buildings
2
Lot
3.85 ac
Current owner
From public records · entity-resolved
10x Centre LLC
Entity
Mailing address
18909 NE 29TH AVE, AVENTURA, FL 33180-2807
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
Septaria Holdings LLC
—
Deed
related
$830,000 · New Wave Loans Residential LLC
Nov 21, 2024
—
Camil Torbay
—
Deed
related
$1,500,000 · Interaudi Bank
Jun 4, 2024
—
323 Sobe LLC
—
Deed
related
$3,500,000 · Hd Funding LLC
Mar 29, 2024
—
Muvhome26 LLC
—
Deed
related
$46,000,000 · Nwl 2016 Evergreen LP
Jun 11, 2021
$910,000
10x Centre LLC
Aventura Harbour Borrower LLC
Special Warranty Deed
$146,000,000 · City National Bank Of Florida
May 3, 2016
—
Aventura Harbour Borrower LLC
—
Deed
related
$8,911,408 · Bank Of America
Dec 16, 2010
—
Nnn Aventura Harbour Centre
Nnn Aventura Harbour Centre
Quit Claim Deed
related
—
Sep 27, 2010
—
Nnn Aventura Harbour Centre Ll
—
Deed Of Trust
related
$51,180,000 · Morgan Stanley Cap I INC #2006
Sep 1, 2010
—
Nnn Aventura Harbour Centre
—
Deed Of Trust
related
$51,180,000 · Morgan Stanley Cap I INC #2006
Sep 28, 2006
$7,515,200
Nnn Aventura Harbour Centre 31
Nnn Aventura Harbour Centre Ll
Grant Deed
—
Sep 13, 2006
$30,875,100
Nnn Aventura Harbour Centre
Nnn Aventura Harbour Centre Ll
Grant Deed
—
Aug 15, 2006
$1,292,000
Nnn Aventura Harbour Centre Ll
Nnn Aventura Harbour Centre 2
Grant Deed
related
—
Jul 27, 2006
$14,125,300
Nnn Aventura Harbour Centre
Nnn Aventura Harbour Centre Ll
Grant Deed
related
—
Jun 2, 2006
$10,857,500
Nnn Aventura Harbour Centre
Nnn Aventura Harbour Centre Ll
Grant Deed
related
—
May 2, 2006
$69,595,000
Nnn Aventura Harbour Centre LLC
Harbour Centre Associates
Special Warranty Deed
$51,180,000 · Lasalle Bank NA
—
—
Aventura Harbour Borrower LLC
—
Loan Modification
related
$3,065,257 · Wells Fargo Bk #2006-iq12 (ce)
—
—
Aventura Harbour Borrower LLC
—
Loan Modification
related
$8,911,408 · Bank Of America
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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