Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2850 71st Ave Miami, FL 33155-2803

    • Office buildings
    • 1,018 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2023
    $24,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3582768
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CornerStone Office / Construction Company

    Property Details for 2850 71st Ave

    Year built
    1958
    Construction
    CONCRETE
    Lot size
    0.81 lot acres
    Property size
    1,018 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Office buildings
    APN
    30-4014-011-0014
    APU
    3040140110014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3102
    Latitude
    25.7431
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,700
    $1,407,360
    $40,996
    $1,448,356
    -
    $1,407,360
    $40,996
    $1,448,356

    Comparable in this City

    • Value Estimation
      $3,975,000
      14,967 SF

      2200 Ludlam Rd

      OFFICE BUILDING (MULTI-STORY) • 14,967 SF
      2200 Ludlam Rd, Miami, FL 33155-1840
      View Details
    • Value Estimation
      $775,000
      2,105 SF

      7855 Coral Way

      PROFESSIONAL BUILDING • 2,105 SF
      7855 Coral Way, Miami, FL 33155-6522
      View Details
    • Value Estimation by Request
      374 SF

      6262 Bird Rd

      OFFICE BUILDING (MULTI-STORY) • 374 SF
      6262 Bird Rd, Miami, FL 33155-4882
      View Details
    • Value Estimation
      $4,300,000
      14,740 SF

      6090 Bird Rd

      OFFICE BUILDING (MULTI-STORY) • 14,740 SF
      6090 Bird Rd, Miami, FL 33155-5252
      View Details
    • Value Estimation by Request
      374 SF

      6262 Bird Rd

      OFFICE BUILDING (MULTI-STORY) • 374 SF
      6262 Bird Rd, Miami, FL 33155-4882
      View Details
    • Value Estimation
      $5,760,000
      20,286 SF

      4900 72nd Ave

      OFFICE BUILDING (MULTI-STORY) • 20,286 SF
      4900 72nd Ave, Miami, FL 33155-5527
      View Details

    Similar Nearby for Sale

    • $315,000

      Miami Medical Office Building

      Prime Bird Rd location, excellent investment.
      6020 Bird Rd, Miami, FL 33155
      View Details
    • $1,299,000
      1,989 SF

      Prime Miami Office Building

      1,989 SF, 100% Leased, High ROI
      2316 57Th Ave, Miami, FL 33155
      View Details
    • Contact for pricing

      Centrally Located Office Space

      Office space in Bird Galloway Center with water closets.
      8500 SW 40Th St, Miami, FL 33155
      View Details
    • $250,000

      Miami Office Business Opportunity

      Renovated office space suitable for PPEC or other medical uses.
      7007 N Waterway Dr, Miami, FL 33155
      View Details
    • $49,999
      2,000 SF

      Turnkey Research Center on Coral Way

      Fully furnished and equipped research center in Miami's Coral Way.
      Research Ctr For Sale On Coral Way, Miami, FL 33155
      View Details
    • Contact for pricing

      Coral Way Office Space Available

      Office space in Coral Way's Westchester neighborhood with high exposure.
      8315 SW 24Th St, Miami, FL 33155
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,361 SF

      Doral Class A Office Space

      Class A office building in Doral with recent renovations.
      8200 NW 41St St, Doral, FL 33155
      View Details
    • $28 SF/Yr
      7,835 SF

      Flex Building in Airport Center

      One-story flex building with street-level loading doors for rent.
      7235 NW 19Th St, Miami, FL 33155
      View Details
    • $9 SF/Yr
      2,585 SF

      Prime South Miami Office Space

      2,585 sq ft Office - Single Tenant
      7154 47Th St, Miami, FL 33155
      View Details
    • $0.14 SF/Yr
      82,571 SF

      Miami Office Space for Lease

      82,571 SF Office, Coral Way, Miami
      7171 24 Ln, Miami, FL 33155
      View Details
    • $0.14 SF/Yr
      2,826 SF

      Bird Road Office Building for Lease

      Prime Office Space, 2,826 sq ft
      6303 40Th St, Miami, FL 33155
      View Details
    • $6 SF/Yr
      2,796 SF

      Bird Road Office Space for Lease

      Prime Miami Office, Newly Renovated
      6395 Bird Rd, Miami, FL 33155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2850 71st Ave
    Miami, FL 33155-2803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.