Property profile

3050 Biscayne Blvd 702 Miami, FL 33137

FOR SALE
Office buildings
Property ID
US18-0241985
90,480 SF 1.36 ac lot Built 2012
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of multiple turn-key office spaces within a building fronting Biscayne Boulevard, providing office views toward the boulevard. The building includes ground-floor parking with access for both staff and visitors, and the office areas are configured as built-out, air-conditioned workspaces with natural light, tall windows, and expansive sightlines. The spaces are suited to a range of small to mid-sized professional and service uses, such as law practices, technology firms, design studios, and specialized consulting services.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2012
Construction CONCRETE
Total area 90,480 SF
Lot 1.36 ac (59,082 SF)
Zoning code CEN HI DENS BORDERS CB
APN 01-3230-060-0010
UPID US18-0241985

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Medical Billing Service
  • Engineer
  • Physician Medical Clinic
  • Insurance Agency

Location

3050 Biscayne Blvd, Unit 702 Miami, FL 33137
Miami metro Census 2702 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.07M
Blend (final) Blend
$23.96M

Owner & transaction history

since 2010
7 recorded transactions
2017
Price N/A
2010
$8.0M
2009
Price N/A
2004
$17.9M
1997
$1.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CEN HI DENS BORDERS CB · Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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