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Property profile & analytics
FOR LEASE
Medical Office Space
1951 NW 7Th Ave Miami, FL 33136
Entity Owned
17-yr Hold
Free & Clear
Property ID
US19-0543641
For Lease
1 / 3
$41,300,000
1951 NW 7Th Ave, Miami, FL 33136
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
METAL FRAME
Total area
291,755 SF
Lot
0.56 ac (24,310 SF)
Zoning code
9600:HOSPITALS
APN
01-3136-035-0350
UPID
US19-0543641
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
-
StemSynergy Therapeutics, Inc. Factory Production Facility
-
South Dade Pathology Physician
-
Cardiotropic Labs LLC Laboratory
-
uHealth Hospital
-
BFS INSURANCE SERVICES Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.30M
Owner & transaction history
7th Ave Market LLC · 17 yrs held
7th Ave Market LLC
since 2009
5 recorded transactions
Zoning & alternative use
9600:HOSPITALS · Miami, 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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$142 / 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
$836,731
Tax year 2023
Assessed value
$43,000,000
Assessed 2023
Previous assessed
$43,000,000
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$972,400
Assessed improvement
$42,027,600
Land market value
$972,400
Improvement market value
$42,027,600
Total market value
$43,000,000
Applied tax rate
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2011
Construction
METAL FRAME
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
6
Total area
291,755 SF
Lot
0.56 ac (24,310 SF)
Zoning code
9600:HOSPITALS
APN
01-3136-035-0350
UPID
US19-0543641
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
9600:HOSPITALS · Miami, FL
Zoning 9600:HOSPITALS · permitted uses
9600:HOSPITALS · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Lot
0.56 ac
Current owner
From public records · entity-resolved
7th Ave Market LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2009
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
Apr 23, 2009
$15,000
7th Ave Market LLC
City Of Miami Florida
Quit Claim Deed
related
—
Mar 27, 2009
—
7th Ave Market LLC
Pleban,richard E
Grant Deed
related
—
Mar 13, 2009
—
Richard E Pleban
Empire Exchange Co LLC
Quit Claim Deed
related
—
Mar 13, 2009
$1,000,000
7th Avenue Market LLC
Pleban,richard E
Warranty Deed
—
Jul 12, 2005
$334,650
Pleban Richard E Tr
Martinez,jose & Ana D
Warranty Deed
$100,000 · Jose & Ana D Martinez
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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