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Property profile & analytics
FOR LEASE
Office buildings
8950 SW 152Nd St Q Palmetto Bay, FL 33157
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-4890940
For Lease
1 / 10
Contact for pricing
8950 SW 152Nd St,Unit Q, Palmetto Bay, FL 33157
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Property summary
AI-generated overview
This exceptional 1,528 square foot retail space in Palmetto Bay, Florida, is available for immediate lease. Located at 8950 SW 152nd St Suite S, 33157, this single-tenant suite is perfect for a variety of uses, including medical practices, med spas, tattoo parlors, eyelash extension businesses, aesthetics clinics, massage therapy centers, personal wax training studios, or other similar ventures. The space boasts beautiful porcelain floors throughout. The building itself is a Category 5 construction, offering peace of mind and durability. Ample parking is readily available, conveniently situated next to 152nd Street and US-1 in South Miami, ensuring easy access for clients and employees. All CAM charges are included in the rental price, and building utilities are prorated and paid for individually by each unit. Water connections are available within the suite, allowing for flexibility in tenant improvements. This property is zoned 6900 (APN: 33-50-28-000-0080). The total building comprises one suite, offering a unique opportunity for a single tenant to occupy the entire space. Inquire about other immediately available spaces within the same building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
CONCRETE
Total area
41,336 SF
Lot
2.49 ac (108,580 SF)
Zoning code
6900:SEMI PROFESS OFFICE
APN
33-5028-000-0080
UPID
US18-4890940
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.48M
Blend (final)
Blend
$7.88M
Owner & transaction history
MICHAEL W SONTAG INC
MICHAEL W SONTAG INC
Zoning & alternative use
6900:SEMI PROFESS OFFICE · Palmetto Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$12.3M
+8.4%
Neighborhood: shopping center
$11.8M
+3.6%
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 Palmetto Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto Bay 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,335,000
Current use
WAREHOUSE, STORAGE
$12,290,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,750,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$7.88M
Range $7.09M – $8.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / 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
$75,399
Tax year 2023
Assessed value
$5,882,808
Assessed 2023
Previous assessed
$5,882,808
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,257,400
Assessed improvement
$2,625,408
Land market value
$3,257,400
Improvement market value
$2,625,408
Total market value
$5,882,808
Applied tax rate
3,300.0000
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
Status
For Lease
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
1
Total area
41,336 SF
Lot
2.49 ac (108,580 SF)
Zoning code
6900:SEMI PROFESS OFFICE
APN
33-5028-000-0080
UPID
US18-4890940
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6900:SEMI PROFESS OFFICE · Palmetto Bay, FLZoning 6900:SEMI PROFESS OFFICE · permitted uses
6900:SEMI PROFESS OFFICE · Palmetto Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.3M
WAREHOUSE, STORAGE
Est. value
$12.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
MICHAEL W SONTAG INC
Entity
Free & Clear · 0 yrs held
Mailing address
15912 SW 92ND AVE, PALMETTO BAY, FL 33157-1842
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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