For Sale
1 / 21
Contact for pricing
3500 NW 17Th Ave, Miami, FL 33142
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Estimated value (blended)
$1.39M
Range $1.25M – $1.53M (±10%)
Property ID
US18-4869124
Property summary
AI-generated overview
This 11,600 sq ft, two-tenant medical office building in Miami's Allapattah neighborhood is situated on a 21,060 sq ft lot with 173 feet of frontage on NW 17th Ave. Built in 1987 and renovated three years ago, the Class B property boasts 100% occupancy with a current NOI of $159,000 and a pro-forma NOI of $406,000, reflecting a 3% cap rate and a pro-forma cap rate of 7.66%. The asking price is $5,300,000 ($456.90/sq ft), and the land value is $251/sq ft. Currently leased under a gross lease with credit-rated tenants on a multi-tenant lease with rent bumps, the leases have a remaining term of 0.8 years, expiring August 31, 2025. The T6-8-O zoning allows for mid-rise development with potential for up to 72 multi-family units. This prime location offers significant value-add and development upside, benefiting from Allapattah's rapid expansion and strong demand. The property is located near major neighborhoods and offers ample parking. This is an owner-user opportunity with significant potential for future appreciation.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
CONCRETE
Total area
11,535 SF
Lot
0.48 ac (21,060 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3127-009-0120
UPID
US18-4869124
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
-
Pediatrician Medical Clinic
-
Pediatrician Physician
-
Physician
-
Physician
-
Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.39M
Owner & transaction history
since 2021
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
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 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.39M
Value range
$1.25M – $1.53M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$1.25M
blend $1.39M
$1.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,535 SF
Lot area
0.48 ac
Year built
1987
Stories
2
APN
01-3127-009-0120
Assessed value
$2,210,549
Annual tax
$37,482
3
Income approach: direct capitalization
Partial preview
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
$37,482
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.66M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 8,521 SF
6.5 mi away · 14,967 SF
8.2 mi away · 14,851 SF
9.4 mi away · 13,385 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 2091 sales
$682
-82%
County 2270 sales
$649
-81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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 · 5 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
9.37%
Selected cap rate for this office buildings
Derived from the Miami market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.37%
9.0%
NOI (est.)
$333k *
Last sale · Apr 2021
$1.13M
* 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$3.55M
Move the market yield to see immediate price impact.
Value / SF
$308
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
8.87%9.37%9.87%
$299k
$3.38M
$3.20M
$3.03M
$333k
$3.75M
$3.55M
$3.37M
$366k
$4.13M
$3.91M
$3.71M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.60M
0.4 mi · Jan 2026 · $506/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,482
Tax year 2023
Assessed value
$2,210,549
Assessed 2023
Previous assessed
$1,599,470
+38.2% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,368,900
Assessed improvement
$841,649
Land market value
$1,368,900
Improvement market value
$841,649
Total market value
$2,210,549
Applied tax rate
100.0000
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
Status
For Sale
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
11,535 SF
Lot
0.48 ac (21,060 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3127-009-0120
UPID
US18-4869124
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6100:COMMERCIAL,NEIGHBRHD
Jurisdiction
Miami, FL
Recorded code
6100:COMMERCIAL,NEIGHBRHD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6100:COMMERCIAL,NEIGHBRHD in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified 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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