500 SE 15 St

Ownership and recorded sale history

What has actually traded in SE 17th Street Causeway

Recorded transactions for office properties in the South Federal Highway and SE 17th Street corridor, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $286/SF. Recorded sales of office properties in SE 17th Street Causeway since 2021 have a median of $468/SF, across a range of $239/SF to $705/SF.

Across those 8 recorded sales, the median sale price came in at 1.17× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 8,522 SF this building is materially larger than the 5,743 SF median for office properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 84th percentile of office properties that have traded in this corridor — 3 of the 19 recorded sales were of larger buildings.

The assessment works out 39% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage