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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2990 35th Ave Miami, FL 33133-3410

    • Office buildings
    • 6,605 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2023
    Value Estimations
    $2,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0351296
    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

    • Matthew W Dietz Law Offices / Law Firm
    • Support305 / Telecommunications Service / General Contractor

    Property Details for 2990 35th Ave

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    6,605 SF
    Zone code
    5700:DUPLEXES,GENERAL
    Property type
    Office buildings
    APN
    01-4116-019-1230
    APU
    141160191230

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,348,000
      Market price range: $676k - $4.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2514
    Latitude
    25.7356
    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
    $19,281
    $427,000
    $863,000
    $1,290,000
    -
    $427,000
    $863,000
    $1,290,000

    Comparable in this City

    • Value Estimation
      $2,655,000
      2,814 SF

      2665 Bayshore Dr Ste, Unit 500

      OFFICE BUILDING (MULTI-STORY) • 2,814 SF
      2665 Bayshore Dr Ste, Miami, FL 33133-5462
      View Details
    • Value Estimation
      $1,785,000
      1,891 SF

      2665 Bayshore Dr Ste, Unit 605

      OFFICE BUILDING (MULTI-STORY) • 1,891 SF
      2665 Bayshore Dr Ste, Miami, FL 33133-5401
      View Details
    • Value Estimation
      $1,225,000
      1,587 SF

      2601 Bayshore Dr Ste, Unit 700

      OFFICE BUILDING (MULTI-STORY) • 1,587 SF
      2601 Bayshore Dr Ste, Miami, FL 33133-5413
      View Details
    • Value Estimation
      $2,255,000
      3,024 SF

      2601 Bayshore Dr Ste, Unit 725

      OFFICE BUILDING (MULTI-STORY) • 3,024 SF
      2601 Bayshore Dr Ste, Miami, FL 33133-5419
      View Details
    • Value Estimation
      $1,490,000
      1,930 SF

      2601 Bayshore Dr Ste, Unit 2020

      OFFICE BUILDING (MULTI-STORY) • 1,930 SF
      2601 Bayshore Dr Ste, Miami, FL 33133-5413
      View Details
    • Value Estimation
      $2,440,000
      3,275 SF

      2601 Bayshore Dr Ste, Unit 410

      OFFICE BUILDING (MULTI-STORY) • 3,275 SF
      2601 Bayshore Dr Ste, Miami, FL 33133-5413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,535 SF

      Renovated Class A Office Building

      Class A office building in Silver Bluff Estates neighborhood.
      2525 Sw 27Th Ave, Miami, FL 33133
      View Details
    • $1,425,000

      Medical Office Building Near US 1

      2,241 SF medical office in Coral Gables/Coconut Grove, Florida.
      2482 Secoffee Ter, Miami, FL 33133
      View Details
    • $8,995,000
      27,000 SF

      Coconut Grove Office Development

      Luxury 5-story office building, shovel-ready.
      2940 Oak Ave, Miami, FL 33133
      View Details
    • Contact for pricing

      Prime Miami Office/Showroom Space

      Highly visible office/showroom on S Dixie Hwy with parking.
      2550 S Dixie Hwy, Miami, FL 33133
      View Details
    • $1,525,000
      2,525 SF

      Miami Office Space For Sale

      Office space available in Miami, Florida.
      2482 Secoffee Ter, Miami, FL 33133
      View Details
    • Contact for pricing

      Coconut Grove Retail Beauty Salon

      Retail space in Coconut Grove neighborhood, suitable for beauty salon.
      3872 Grand Ave, Coconut Grove, FL 33133
      View Details

    Similar Nearby for Lease

    • $5,900 /Mo

      Renovated Office Building in Coral Gables

      Modern, renovated office with parking in prime Coral Gables location.
      133 Grand Ave, Coral Gables, FL 33133
      View Details
    • Contact for pricing
      1,079 SF

      Luxury Office and Retail Space

      New construction office and retail space in Coconut Grove.
      3441 Grand Ave, Miami, FL 33133
      View Details
    • $0.02 SF/Yr
      28,560 SF

      Grove Forest Plaza Office Space

      Miami Office Building, 28,560 sq ft
      2937 27Th Ave, Miami, FL 33133
      View Details
    • $0.06 SF/Yr
      90,605 SF

      Miami Office Space for Lease

      Sublease Opportunity: 479 SF - 90,605 SF
      2000 Dixie Hwy, Miami, FL 33133
      View Details
    • Contact for pricing
      2,695 SF

      Miami Office Space For Rent

      2695 square feet of office space available for rent.
      3424 S Douglas Rd, Miami, FL 33133
      View Details
    • $16 SF/Yr
      38,113 SF

      Miami Office Space: CocoWalk

      Prestigious Miami office suites, coworking
      3350 Virginia St, Miami, FL 33133
      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.
    2990 35th Ave
    Miami, FL 33133-3410
    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.