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

    300 71st St Miami, FL 33138-5530

    • Office buildings
    • 4,402 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2022
    $4,400,000
    Value Estimations
    $4,555,000
    Show details
    Cap Rate Potential
    2.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-1617129
    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

    • Little River Events / Hotel & Motel / Resort
    • Wiederlaw / Law Firm
    • Century Home Care / Home Health Care Service
    • Spider International Real Estate Services, LLC / Property Management Company / Real Estate Agency
    • Miami Beach Skincare Spa By Vanessa Monteverde, Aesthetician / Spa & Massage Center / Skin Care Clinic

    Property Details for 300 71st St

    Year built
    1937
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.17 lot acres
    Property size
    4,402 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Office buildings
    APN
    01-3218-015-1110
    APU
    132180151110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,695,000
      ML approach
      $4,730,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,340,000
      Current use
      AUTO REPAIR, GARAGE
      $2,880,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1902
    Latitude
    25.84
    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
    $16,766
    $637,500
    $178,133
    $815,633
    -
    $637,500
    $178,133
    $815,633

    Comparable in this City

    • Value Estimation
      $5,035,000
      14,153 SF

      6301 Biscayne Blvd

      PROFESSIONAL BUILDING • 14,153 SF
      6301 Biscayne Blvd, Miami, FL 33138-6284
      View Details
    • Value Estimation
      $1,890,000
      4,727 SF

      775 79th St

      OFFICE BUILDING • 4,727 SF
      775 79th St, Miami, FL 33138-4743
      View Details
    • Value Estimation
      $1,980,000
      7,148 SF

      7858 2nd Ave

      PROFESSIONAL BUILDING • 7,148 SF
      7858 2nd Ave, Miami, FL 33138-4805
      View Details
    • Value Estimation by Request
      765 SF

      660 95th Stc

      PROFESSIONAL BUILDING • 765 SF
      660 95th Stc, Miami Shores, FL 33138-2758
      View Details
    • Value Estimation
      $3,835,000
      13,975 SF

      9600 2nd Ave

      PROFESSIONAL BUILDING • 13,975 SF
      9600 2nd Ave, Miami Shores, FL 33138-2722
      View Details
    • Value Estimation
      $4,300,000
      13,186 SF

      6380 4th Ave

      OFFICE BUILDING • 13,186 SF
      6380 4th Ave, Miami, FL 33138-6101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Office/Retail Building on 79th

      2,800 SF office/retail building in Miami's Upper East Side/MiMo district.
      901 Ne 79Th St, Miami, FL 33138
      View Details
    • $4,710,000

      New Construction Warehouse with Office

      New warehouse with office space, AC, and backup generator.
      210 NE 68Th St, Miami, FL 33138
      View Details
    • Contact for pricing

      Mixed-Use Property on Biscayne Boulevard

      Live, work, invest in Miamis Upper East Side.
      8601 Biscayne Blvd, Miami, FL 33138
      View Details
    • Contact for pricing

      Creative Space in Little River

      Creative open space featuring high ceilings and smooth concrete floors.
      7301 1St Pl, Miami, FL 33138
      View Details
    • Contact for pricing

      Mimo District Office Space

      Office space in the heart of the Mimo District.
      7100 Biscayne Blvd, Miami, FL 33138
      View Details
    • $3,499,999

      Miami MIMO District Building For Sale

      Building with restaurant and office space in Miami's MIMO District.
      7228 Biscayne Blvd, Miami, FL 33138
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,932 SF

      Bay Harbor Islands Office Space

      8,932 SF office space available October 2024.
      1045 95Th St, Bay Harbor Islands, FL 33138
      View Details
    • $20 SF/Yr
      600 SF

      Miami Office Space for Lease

      600 sq ft Office in Prime Location
      561 79Th St, Miami, FL 33138
      View Details
    • $0.52 SF/Yr
      16,000 SF

      Biscayne Blvd Office Space for Lease

      Prime Miami Office, Single Tenant, 16,000 sqft
      7100 Biscayne Blvd, Miami, FL 33138
      View Details
    • Contact for pricing
      2,100 SF

      Office Warehouse Space For Rent

      5,500 SF office/warehouse space available in Upper East Side.
      6210 NE 4Th Ct, Miami, FL 33138
      View Details
    • $24 SF/Yr
      4,000 SF

      Miami Office Space For Rent

      Office space available for lease in Miami, Florida.
      8395-8397 NE 2Nd Ave, Miami, FL 33138
      View Details
    • $1,865 /Mo

      Miami Shores Turnkey Office Suite

      875 sq ft office in amenity-rich Miami Shores corridor.
      9200 NE 6Th Ave, Miami Shores, FL 33138
      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.
    300 71st St
    Miami, FL 33138-5530
    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.