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3401 SW 160Th Ave, Miramar, FL 33027
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2001
Construction
CONCRETE
Total area
95,646 SF
Lot
6.04 ac (262,922 SF)
Zoning code
B2
APN
51-40-32-05-0081
UPID
US18-1461959
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
-
Waste Management Facility Hazardous Waste Disposal
-
Insurance Agency
-
Logistics Company
-
Big Box & Wholesale Store Building Supply
-
Military Base
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$45.00M
CAP Approach
CAP
$30.30M
Comparable Approach
Comparable
$43.16M
Blend (final)
Blend
$45.00M
Owner & transaction history
since 2024
Last sale
$45.0M
5 recorded transactions
Zoning & alternative use
B2 · Miramar, FL
Zoning description
This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
General category
COMMERCIAL
Top alternative use upside
Neighborhood: shopping center
$63.8M
+17.6%
Auto repair, garage
$56.3M
+3.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$45.00M
Value range
$40.50M – $49.50M
±10% around blend
Estimated value / SF
$470 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$40.50M
blend $45.00M
$49.50M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
95,646 SF
Lot area
6.04 ac
Year built
2001
Stories
4
APN
51-40-32-05-0081
Zoning
B2
Assessed value
$23,274,730
Annual tax
$551,430
3
Income approach: direct capitalization
Partial preview
Income approach indication
$30.30M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$32.83M
@ 6.5% CAP return
$30.30M
@ 7% CAP return
$28.14M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$551,430
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$13.50M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.4 mi away · 69,800 SF
12.1 mi away · 109,747 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$45.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$567
-17%
Submarket 288 sales
$454
+4%
County 1253 sales
$455
+3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $470/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+18%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Commercial (general)
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.40%
Selected cap rate for this office buildings
Derived from the Miramar market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.40%
9.0%
NOI (est.)
$39k *
Last sale · Apr 2024
$45.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$893k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.90%4.40%4.90%
$35k
$906k
$803k
$721k
$39k
$1.01M
$893k
$802k
$43k
$1.11M
$982k
$882k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$8.25M
10.9 mi · Jan 2026 · $81/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$551,430
Tax year 2023
Assessed value
$23,274,730
Assessed 2023
Previous assessed
$23,274,730
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$2,432,030
Assessed improvement
$20,842,700
Land market value
$2,432,030
Improvement market value
$20,842,700
Total market value
$23,274,730
Applied tax rate
2,713.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
95,646 SF
Lot
6.04 ac (262,922 SF)
Zoning code
B2
APN
51-40-32-05-0081
UPID
US18-1461959
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B2 · Miramar, FLZoning B2 · permitted uses
B2 · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
6.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B2
COMMERCIAL
Jurisdiction
Miramar, FL
Recorded code
B2
Official district
B2
Official district profile
What the municipal code says about B2
Zoning description
This district is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community.
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Miramar, FL.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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