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Property profile & analytics
FOR SALE
Office buildings
410 W 41St St Miami Beach, FL 33140
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0135271
For Sale
1 / 11
$18,925,000
410 W 41St St, Miami Beach, FL 33140
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
69,379 SF
Lot
0.33 ac (14,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3227-017-1160
UPID
US19-0135271
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.93M
Owner & transaction history
Rmet Sheridan LLC · 9 yrs held
Rmet Sheridan LLC
since 2017
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
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 Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$273 / 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
$271,853
Tax year 2023
Assessed value
$15,300,000
Assessed 2023
Previous assessed
$15,300,000
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$6,162,500
Assessed improvement
$9,137,500
Land market value
$6,162,500
Improvement market value
$9,137,500
Total market value
$15,300,000
Applied tax rate
200.0000
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 Sale
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
5
Total area
69,379 SF
Lot
0.33 ac (14,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3227-017-1160
UPID
US19-0135271
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
0.33 ac
Current owner
From public records · entity-resolved
Rmet Sheridan LLC
Entity
Mailing address
44 COCOANUT ROWT8, PALM BEACH, FL 33480-4069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
—
Rmet Sheridan LLC
—
Deed
related
$11,900,000 · Iberiabank
Jul 5, 2017
—
Rmet Sheridan LLC
—
Grant Deed
related
$24,000,000 · City Nat'l Bk/fl
Feb 8, 2017
$17,850,000
Rmet Sheridan LLC
Netz Bonds Miami USA LLC
Grant Deed
—
Apr 6, 2012
—
Netz Bonds Miami USA LLC
—
Deed Of Trust
related
$2,125,000 · Bancorp Bank
Apr 4, 2011
$9,500,000
Netz Bonds Miami USA LLC
Cybur Investments LLC
Grant Deed
$6,800,000 · Bancorp Bank
Jan 12, 2011
—
Cybur Investments LLC
—
Deed Of Trust
related
$5,754,601 · Bancorp Bank
Jul 14, 1999
$3,400,000
Cybur Investments LLC
Sheridan Center INC
Grant Deed
$3,500,000 · Mellon United National Bank
—
—
Netz Bonds Miami USA LLC
—
Loan Modification
related
$10,000,000 · City Nat'l Bk/fl
—
—
Cybur Investments LLC
—
Deed Of Trust
related
$6,605,351 · Green Gate Ventures Ltd
—
—
Cybur Investments LLC
—
Deed Of Trust
related
$6,800,000 · Bancorp Bank
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.
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