New search
Property profile & analytics
FOR LEASE
Office buildings
3401 SW 160Th Ave, Miramar, FL 33027
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1461959
For Lease
1 / 2
$24 SF/Yr
3401 SW 160Th Ave, Miramar, FL 33027
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Ymp Miramar LLC · 2 yrs held
Ymp Miramar LLC
since 2024
Last sale
$45.0M
5 recorded transactions
Zoning & alternative use
B2 · Miramar, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$63.8M
+17.6%
Auto repair, garage
$56.3M
+3.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miramar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$45,000,000
ML approach
$45,000,000
CAP Approach
CAP Return
Estimation
6%
$32,825,000
6.5%
$30,300,000
7%
$28,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$54,270,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$63,790,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$56,300,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$44,505,000
Change: -18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$43,950,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$45.00M
Range $40.50M – $49.50M · ±10% · vs last sale $45.00M (Apr 23 2024)
Last sale anchor
$45.00M
Apr 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$470 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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, FL
Zoning B2 · permitted uses
B2 · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miramar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$54.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$63.8M
AUTO REPAIR, GARAGE
Est. value
$56.3M
COMMERCIAL (GENERAL)
Est. value
$44.5M
INDUSTRIAL (GENERAL)
Est. value
$44.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
6.04 ac
Current owner
From public records · entity-resolved
Ymp Miramar LLC
Entity
Mailing address
4500 N STATE RD 7TH STE #100, LAUDERDALE LAKES, FL 33319-5868
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$45,000,000
Ymp Miramar LLC
Mrm Office Owner I LP
Special Warranty Deed
$31,000,000 · Banco Do Brasil Americas
Aug 5, 2020
—
Mrm Office Owner 1 LP
—
Deed
related
$57,122,999 · Bank Of America
Sep 2, 2015
$21,300,000
Mrm Office Owner 1 LP
Metropolitan Life Ins Co
Grant Deed
$60,000,000 · Bank Of America
Jun 16, 2004
$17,800,000
Metropolitan Life Insurance
Miramar Office LP
Grant Deed
—
—
—
Mrm Office Owner 1 LP
—
Loan Modification
related
$57,122,999 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
