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

    410 41 St Miami Beach, FL 33140

    • Office buildings
    • 69,379 SF
    • 0.33 lot acres
    For Lease
    View listing
    $46 SF/Yr
    Value Estimations
    $980,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0135271
    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

    • MHW Medical Group / Alternative Medicine Practitioner / Doctor
    • Concierge Pediatrics Miami Beach, LLC / Pediatrician

    Property Details for 410 41 St

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    69,379 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Office buildings
    APN
    02-3227-017-1160
    APU
    232270171160

    Description

    The Sheridan Center, a five-story, 60,000 square foot Class A office building in Miami Beach (410 W 41st St, 33140), offers diverse spaces ideal for coworking, medical, or creative office uses. Built in 1986 and renovated in 2019, this single building sits on a one-acre lot and features 16 suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 3,500 square feet. Currently, 3,500 square feet are vacant. The building includes two modern elevators and convenient valet parking for patients and visitors. Utilities include FPL power. Its central location on 41st Street near Arthur Godfrey Rd offers high visibility and easy access to Mount Sinai Hospital, restaurants, and other amenities. Zoning is 6600, APN is 02-32-27-017-1160. Lease terms are flexible, accommodating various needs and durations. The building provides a modern and comfortable environment for tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $980,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1279
    Latitude
    25.8135
    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
    $271,853
    $6,162,500
    $9,137,500
    $15,300,000
    -
    $6,162,500
    $9,137,500
    $15,300,000

    Comparable in this City

    • Value Estimation
      $1,180,000
      62,696 SF

      333 41st St

      PROFESSIONAL BUILDING • 62,696 SF
      333 41st St, Miami Beach, FL 33140-3641
      View Details
    • Value Estimation
      $370,000
      4,400 SF

      415 41st St

      OFFICE BUILDING (MULTI-STORY) • 4,400 SF
      415 41st St, Miami Beach, FL 33140-3503
      View Details
    • Value Estimation
      $540,000
      4,941 SF

      767 Arthur Godfrey Rd

      OFFICE BUILDING • 4,941 SF
      767 Arthur Godfrey Rd, Miami Beach, FL 33140-3413
      View Details
    • Value Estimation
      $605,000
      14,985 SF

      524 Arthur Godfrey Rd

      OFFICE BUILDING (MULTI-STORY) • 14,985 SF
      524 Arthur Godfrey Rd, Miami Beach, FL 33140-3520
      View Details
    • Value Estimation
      $7,925,000
      20,204 SF

      960 Arthur Godfrey Rd

      OFFICE BUILDING (MULTI-STORY) • 20,204 SF
      960 Arthur Godfrey Rd, Miami Beach, FL 33140-3326
      View Details
    • Value Estimation
      $90,000
      320 SF

      5445 Collins Ave Ste Cu21

      OFFICE BUILDING (MULTI-STORY) • 320 SF
      5445 Collins Ave Ste Cu21, Miami Beach, FL 33140-5524
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Office Space Miami Beach

      Modern office space in a prestigious Miami Beach building.
      960 W 41St St, Miami, FL 33140
      View Details
    • Contact for pricing

      Updated Office Space in Miami Beach

      Modern office space with private offices, conference area, kitchenette.
      820 W 41St St, Miami, FL 33140
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Professional medical office building with flexible lease terms.
      410 W 41St St, Miami, FL 33140
      View Details
    • $499,000

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $350,000

      Miami Beach Office Space for Sale

      Prime Collins Ave Office, Owner Financing Available
      5445 Collins Ave, Miami Beach, FL 33140
      View Details
    • $27,000,000

      Luxury Miami Beach Hotel Investment

      70-Key Hotel, Prime Oceanfront Location
      6080 Collins Ave, Miami Beach, FL 33140
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Landmark Miami Beach Office Space

      Prime office and retail spaces in iconic, highly visible building.
      4100 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $46 SF/Yr
      60,000 SF

      Miami Beach Office Space

      Class A Office, Prime Location, Flexible Suites
      410 41 St, Miami Beach, FL 33140
      View Details
    • $1.78 SF/Yr
      20,204 SF

      Miami Beach Office Space For Lease

      Prime 750 sq ft office, vibrant Miami Beach location.
      960 41 St, Miami Beach, FL 33140
      View Details
    • $30 SF/Yr
      36,947 SF

      Miami Beach Office Space for Lease

      Prestigious Miami Beach office, flexible suites.
      301 Arthur Godfrey Rd, Miami Beach, FL 33140
      View Details
    • $1,500 /Mo

      Miami Beach Office/Retail Space

      Office or retail space in a prime Miami Beach location.
      5445 Collins Ave, Miami Beach, FL 33140
      View Details
    • New
      $1,500 /Mo

      Miami Beach Shared Office Space

      Shared office space in oceanfront condo, ideal for medical use.
      2555 Collins Ave, Miami Beach, FL 33140
      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.
    410 41 St
    Miami Beach, FL 33140
    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.