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What commercial property actually sold for in Palmetto Bay

35 single-parcel commercial transactions recorded in Miami-Dade County between 2021–2026, straight from the property appraiser’s records — address, size, price and price per square foot. Not asking prices. What buyers paid.

$352Median $/SF
$1,750,000Median price
35Sales on record
2021–2026Period

Recent recorded sales

Most recent first. Building area is the appraiser’s figure; price per square foot is the recorded price divided by that area.

AddressTypeBldg SFYear Price$/SF
15315 S DIXIE HWY
33157 · built 1989
Office36,2972026$11.95M$329
16795 S DIXIE HWY
33157 · built 2007
Retail14,0542025$6.40M$455
8925 SW 148 ST
33176 · built 1973
Office25,1352025$5.00M$198
17801 S DIXIE HWY
33157 · built 1976
Office10,0152025$3.60M$359
17425 SW 97 AVE
33157 · built 1946
Office1,9842025$1.15M$579
17331 S DIXIE HWY
33157 · built 1972
Retail1,2932025$1.00M$773
9710 E INDIGO ST 201
33157 · built 2006
Office1,2302025$535,000$434
18131 SW 98 CT
33157 · built 1955
Office1,0692025$449,000$420
15199 S DIXIE HWY
33176 · built 1964
Retail6,0892024$5.66M$930
17625 S DIXIE HWY
33157 · built 1960
Retail15,1292024$4.50M$297
9200 SW 156 ST
33157 · built 1986
Retail12,1722024$3.30M$271
9730 HIBISCUS ST
33157 · built 1956
Office4,5362024$1.40M$308
15895 S DIXIE HWY
33157 · built 1974
Retail29,3362023$8.40M$286
9726 E INDIGO ST
33157 · built 2007
Office12,4682023$1.85M$148
16935 S DIXIE HWY
33157 · built 1968
Office2,0912023$1.40M$669
9635 SW 181 TER
33157 · built 1957
Office1,9152023$535,000$279
9000 CORAL REEF DR
33157 · built 1972
Office2,4232023$512,000$211
9710 E INDIGO ST 202
33157 · built 2006
Office1,0692023$405,000$378
9000 CORAL REEF DR 207
33157 · built 1972
Office1,0382023$208,000$200
13605 S DIXIE HWY
33176 · built 1988
Retail198,6472022$70.00M$352
14101 S DIXIE HWY
33176 · built 1972
Retail22,2782022$6.90M$309
17403 S DIXIE HWY
33157 · built 1988
Retail2,2482022$1.75M$778
14151 S DIXIE HWY
33176 · built 1964
Retail3,2462022$1.50M$462
18101 SW 98 CT
33157 · built 1968
Office4,9922022$1.45M$290
9500 SW 180 ST
33157 · built 1973
Office32,3302021$5.53M$170
14951 S DIXIE HWY
33176 · built 1966
Retail10,7492021$3.90M$362
15757 S DIXIE HWY
33157 · built 1969
Retail6,1822021$3.30M$533
17501 S DIXIE HWY
33157 · built 1998
Retail2,3402021$2.00M$854
16800 OLD CUTLER RD
33157 · built 1988
Retail3,4992021$2.00M$571
17195 S DIXIE HWY
33157 · built 1988
Retail2,1212021$1.90M$895
18005 S DIXIE HWY
33157 · built 2023
Retail6,0862021$1.48M$243
9851 E EVERGREEN ST
33157 · built 1952
Office1,2542021$725,000$578
9710 E INDIGO ST 203
33157 · built 2006
Office1,5712021$442,000$281
9002 SW 152 ST
33157 · built 1981
Retail1,8362021$375,000$204
9000 CORAL REEF DR 208
33157 · built 1972
Office1,2372021$250,000$202

Median $/SF by year

YearSalesMedian $/SF
202111$362
20225$352
20237$279
20244$303
20257$434
20261$329

Thin years move a lot on a handful of transactions. Read the direction, not the decimal.

If you own commercial property in Palmetto Bay

Office product is what trades here — 18 of the 35 recorded sales (51%), at a median of $299 per foot. The rest splits across retail ($455/SF).

Palmetto Bay runs 13% below the Miami-Dade County median of $404/SF. That gap is not a verdict on any one building — it reflects what kind of product sits inside the city limits and how old it is — but it does mean a countywide average will overstate what your parcel is likely to fetch.

Across the period on record, median pricing has held roughly flat — roughly $357/SF in the earlier years against $339/SF in the later ones. On 35 transactions that is a direction, not a forecast.

None of this is your number. What a specific building brings turns on what the leases say, who is in the space and for how long, the condition of the roof and the parking field, and whether the zoning permits something the current use does not.

Find out what yours would bring

First name and email. I’ll pull your parcel’s county record and send a supported range with the comparable sales behind it.

No obligation, and no listing agreement attached to it. If the answer is “hold,” I’ll tell you that.

Common questions

What is commercial property selling for in Palmetto Bay?

Across 35 single-parcel commercial sales recorded between 2021–2026, the median was $352 per square foot of building area, and the median transaction price was $1,750,000. Per-foot pricing varies widely by product type: Office $299/SF (18) , Retail $455/SF (17). Those are recorded county figures, not asking prices.

How many commercial properties have sold in Palmetto Bay recently?

County records show 35 qualifying single-parcel commercial transactions from 2021–2026. Multi-parcel portfolio deals are excluded from that count because their prices are booked across several folios and cannot be attributed to one building.

What kind of commercial property trades most in Palmetto Bay?

Office accounts for 18 of the 35 recorded sales, at a median of $299 per square foot. Retail records 17 sales at a $455/SF median.

Is a Palmetto Bay median a fair estimate of my building's value?

Only as a starting point. Median $/SF across this market is $352, but the range between product types here runs from $299 to $455 per foot — and inside any one type, lease structure, remaining term, condition and zoning capacity move the number further. A broker opinion of value prices your specific parcel against the comps that genuinely apply to it.

Sold data in nearby Miami-Dade County markets

See all 67 markets →

County property appraiser records, public information. Single-parcel transactions only. Not an appraisal. How these figures are filtered →

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