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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Commercial land
480 31st St Miami, FL 33137-4580
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5676141
Property summary
AI-generated overview
This exceptional single-tenant retail space, located within the Gran Paradiso Condo complex, offers 608 square feet of versatile commercial space perfect for a variety of businesses. The property is situated in a high-traffic area, presenting a significant opportunity for growth and success. The space is part of a single-story building, zoned 4604, and identified by APN 01-32-30-102-0160. The property features one building with a single suite, providing a self-contained and efficient layout. The monthly rent is $4500.00, which is a Net, Net, Net (NNN) lease. This means the tenant is responsible for property taxes, common area maintenance (CAM), and insurance. The CAM charges, encompassing association fees and property taxes, amount to $9.55 per square foot, resulting in a monthly CAM cost of $484.27. This attractive space is ideal for a cafe, office, or retail shop, offering high visibility and potential for a thriving business. The property's convenient location and flexible layout make it an excellent investment opportunity. Serious inquiries are encouraged to explore this promising commercial property.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.02 ac (787 SF)
Zoning code
4604
APN
01-3230-102-0100
UPID
US18-5676141
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
-
Adam Floyd Design Interior Design Home Decor Store
-
Beach Front Realty | Alon Elbaz Real Estate Agency
-
Gran Paraiso Apartments Real Estate Agency
-
king david massage Alternative Medicine Practice Spa & Massage Center
-
Gran Paraiso Condominium Association Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Paraiso Enterprises LLC · 4 yrs held
Paraiso Enterprises LLC
since 2021
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
4604 · Miami, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$740,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $625k (Oct 14 2021)
Last sale anchor
$625k
Oct 14 2021
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
—
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
$5,576
Tax year 2023
Assessed value
$295,125
Assessed 2023
Previous assessed
$236,100
+25.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$295,125
Land market value
$295,125
Total market value
$295,125
Applied tax rate
100.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.02 ac (787 SF)
Zoning code
4604
APN
01-3230-102-0100
UPID
US18-5676141
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4604 · Miami, FLZoning 4604 · permitted uses
4604 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Paraiso Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
450 ALTON RD APT #2810, MIAMI BEACH, FL 33139-6762
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
Jerome Stellabuto Taylor
—
Deed
related
$840,000 · Deephaven Mortgage LLC
Nov 8, 2021
—
Paraiso Enterprises LLC
Kaplan & Kaplan Investments INC
Deed
related
—
Oct 14, 2021
$625,000
Ameiyu Investments LLC
Loyacona Land Co Gran Paraiso Shops
Warranty Deed
—
Jul 21, 2021
$350,000
Paraiso Enterprises LLC
Kaplan & Kaplan Investments INC
Warranty Deed
$280,000 · Tropical Financial Cu
Jun 16, 2021
$260,000
Ersin Demir
Kaplan & Kaplan Investments INC
Warranty Deed
—
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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