Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3850 Bird Rd Miami, FL 33146

    • Retail space
    • 1,755 SF
    For Lease
    View listing
    $0.77 SF/Yr
    Last Sale
    Nov 22, 2022
    $950,000
    Value Estimations
    $755,000
    Cap Rate Potential
    8%
    Retail space
    Location Intelligence
    Property ID
    US18-6346369
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dermatology & Cosmetic: / Pediatric Dentist
    • Phirst Psychiatry / Mental Health Clinic
    • Stephan Baker MD FACS / Medical Spa / Plastic Surgeon
    • The Fetal Institute / Medical Office / Medical Clinic
    • Movement Clinics / Wellness Center / Fitness Center

    Property Details for 3850 Bird Rd

    Year built
    2007
    Property size
    1,755 SF
    Zone code
    6110:COMM/RES-DESIGN DIST
    Property type
    Retail space
    APN
    01-4120-064-0340
    APU
    141200640340

    Description

    This exceptional 85,500 square foot office space in the prestigious Merrick Pointe building in Coral Gables is available for immediate lease. The single-tenant occupancy offers three private suites, fully furnished and ready for immediate move-in. The space is ideally suited for a business seeking a sophisticated and functional workspace. High-speed internet access is readily available, ensuring seamless connectivity for all operational needs. A welcoming lobby greets visitors, creating a professional and inviting atmosphere. The building's prime location offers unparalleled convenience, with easy access to the Metrorail station, Coral Gables Trolley, and MetroBus, ensuring effortless commuting for employees and clients. Two dedicated parking spaces are included with the lease. The property is zoned 6110 and its APN is 01-41-20-064-0220. This turnkey solution provides a seamless transition into a thriving Coral Gables business environment. The building consists of one suite and offers a total of two parking spaces. This is a unique opportunity to secure a substantial and well-appointed office space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $955,000
      6.5%
      $880,000
      7%
      $820,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2568
    Latitude
    25.7347
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,415
    $0.00
    $0.00
    $798,525
    -
    $0.00
    $0.00
    $798,525

    Comparable in this City

    • Value Estimation by Request
      1,369 SF

      1430 Dixie Hwy Ste, Unit 112

      RETAIL STORES (PERSONAL SERVICES) • 1,369 SF
      1430 Dixie Hwy Ste, Coral Gables, FL 33146-3118
      View Details
    • Value Estimation by Request
      378 SF

      301 Altara Ave, Unit CU-3Q

      RETAIL STORES (PERSONAL SERVICES) • 378 SF
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation by Request
      342 SF

      301 Altara Ave, Unit CU-2O

      RETAIL STORES (PERSONAL SERVICES) • 342 SF
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation by Request
      86 SF

      301 Altara Ave, Unit CU-5

      RETAIL STORES (PERSONAL SERVICES) • 86 SF
      301 Altara Ave, Coral Gables, FL 33146-1457
      View Details
    • Value Estimation by Request
      1,385 SF

      1430 Dixie Hwy Ste, Unit 104

      RETAIL STORES (PERSONAL SERVICES) • 1,385 SF
      1430 Dixie Hwy Ste, Coral Gables, FL 33146-3108
      View Details
    • Value Estimation by Request
      1,013 SF

      135 San Lorenzo Ave Ste, Unit 130

      RETAIL STORES (PERSONAL SERVICES) • 1,013 SF
      135 San Lorenzo Ave Ste, Coral Gables, FL 33146-1525
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Salon/Wellness Space, Coral Gables

      1,450 SF turnkey salon/wellness space on South Dixie Highway.
      430 S Dixie Hwy, Miami, FL 33146
      View Details
    • Contact for pricing

      Merrick Park Showroom/Flex/Warehouse Opportunity

      Showroom/flex/warehouse in Merrick Park Industrial District, near Coral Gables.
      3075 SW 39Th Ave, Miami, FL 33146
      View Details
    • $7,500,000

      Coral Gables Retail Investment Opportunity

      Prime Retail Space, Coral Gables, FL
      4700 Le Jeune Rd, Coral Gables, FL 33146
      View Details
    • $230,000

      Established Jewelry Store, Palmetto Bay

      Profitable Retail Business, Prime Location
      14477 Dixie Hwy, Coral Gables, FL 33146
      View Details
    • $7,500,000

      Retail Opportunity, Coral Gables, FL

      Retail property available for sale in Coral Gables, Florida.
      4700 S Le Jeune Rd, Coral Gables, FL 33146
      View Details
    • $295,000

      Turnkey Commissary Kitchen in Miami

      Profitable, fully equipped commercial kitchen near Coconut Grove and Coral Gables.
      3840 Shipping Ave, Miami, FL 33146
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo

      Coral Gables Corner Commercial Space

      Prime mixed-use space in the heart of Coral Gables.
      4220 Laguna St, Coral Gables, FL 33146
      View Details
    • $70 SF/Yr
      286,906 SF

      Luxury Coral Gables Retail Space

      High-end showroom, prime location, 4,488 SF
      301 Altara Ave, Coral Gables, FL 33146
      View Details
    • Contact for pricing
      11,134 SF

      Coral Gables Warehouse Space

      Prime Coral Gables warehouse, multiple units available.
      4225 Ponce De Leon Rd, Coral Gables, FL 33146
      View Details
    • Contact for pricing
      1,166 SF

      Regional Shopping Center Space Available

      Regional shopping center on Bird Road near Palmetto Expressway.
      4100-6848 Bird Rd, Miami, FL 33146
      View Details
    • $32 SF/Yr
      1,702 SF

      Coral Gables Office Space for Lease

      Prime Coral Gables Office, 1702 sq ft
      5915 Ponce De Leon Blvd, Coral Gables, FL 33146
      View Details
    • $0.50 SF/Yr
      1,200 SF

      Coral Gables Office Suite for Sale/Lease

      Prime Coral Gables office, 1200 sq ft.
      420 Dixie Hwy, Coral Gables, FL 33146
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3850 Bird Rd
    Miami, FL 33146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.