Entity Owned Property summary
AI-generated overview
This six-story, Class B medical office building in Miami, Florida, offers 69,000 square feet of space, with a minimum divisible unit of 927 square feet and a maximum contiguous space of 5,501 square feet. Currently, 21,806 square feet is available for lease. The building boasts an excellent location between Downtown Miami and Coconut Grove, offering beautiful Biscayne Bay views. It's directly connected to Mercy Hospital via a second-floor skyway, providing convenient access for patients and staff. The building features a diverse mix of medical specialties already established, including OB/GYN, Cosmetic and General Surgery, Orthopedics, Pediatrics, Internal Medicine, Family Practice, Neurology, Rheumatology, Podiatry, Oncology, Pulmonology, ENT, Urology, Dermatology, and Gastroenterology. On-site amenities include a restaurant, covered patient drop-off with valet service, and a convenient parking garage. This is a prime opportunity to establish or expand your medical practice in a thriving, well-established medical environment. The address is 3659 S Miami Ave, Miami, FL 33133.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
CONCRETE
Total area
127,692 SF
Lot
4.56 ac (198,629 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
01-4114-027-0012
UPID
US18-6096366
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
-
Hospital
-
Physician
-
Physician
-
Physician Medical Clinic
-
Pediatrician Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.79M
Owner & transaction history
since 2014
3 recorded transactions
Zoning & alternative use
8000:COMMUNITY FACILITY · 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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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$26.79M
Value range
$24.11M – $29.46M
±10% around blend
Estimated value / SF
$210 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$24.11M
blend $26.79M
$29.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
127,692 SF
Lot area
4.56 ac
Year built
1973
Stories
10
APN
01-4114-027-0012
Zoning
8000:COMMUNITY FACILITY
Assessed value
$35,500,000
Annual tax
$635,944
3
Income approach: direct capitalization
Partial preview
Income approach indication
$32.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$35.25M
@ 6.5% CAP return
$32.53M
@ 7% CAP return
$30.21M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$26.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 23 sales
$439
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $210/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
County record
Operating expenses
Modeled
Market rent
Not available
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$35.50M
Move the market yield to see immediate price impact.
Value / SF
$278
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
5.00%7.00%9.00%
$2.24M
$44.73M
$31.95M
$24.85M
$2.49M
$49.70M
$35.50M
$27.61M
$2.73M
$54.67M
$39.05M
$30.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$635,944
Tax year 2023
Assessed value
$35,500,000
Assessed 2023
Previous assessed
$35,500,000
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$8,342,418
Assessed improvement
$27,157,582
Land market value
$8,342,418
Improvement market value
$27,157,582
Total market value
$35,500,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
3
Stories
10
Total area
127,692 SF
Lot
4.56 ac (198,629 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
01-4114-027-0012
UPID
US18-6096366
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
8000:COMMUNITY FACILITY · Miami, FLZoning 8000:COMMUNITY FACILITY · permitted uses
8000:COMMUNITY FACILITY · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
10
Buildings
3
Lot
4.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
8000:COMMUNITY FACILITY
Jurisdiction
Miami, FL
Recorded code
8000:COMMUNITY FACILITY
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 8000:COMMUNITY FACILITY in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
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See the official zoning profile for this address.
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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.
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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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