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Property profile & analytics
FOR SALE
Outlet malls
10 S Royal Poinciana Blvd 2&3 Miami Springs, FL 33166
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-7285146
For Sale
1 / 3
$1,960,000
10 S Royal Poinciana Blvd,Unit 2&3, Miami Springs, FL 33166
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1956
Construction
CONCRETE
Total area
9,057 SF
Lot
0.28 ac (12,197 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3119-013-0190
UPID
US18-7285146
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
$2.56M
Blend (final)
Blend
$1.96M
Owner & transaction history
Royal Poinciana Shops INC · 11 yrs held
Royal Poinciana Shops INC
since 2014
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Springs 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
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±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
$216 / 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
$14,884
Tax year 2023
Assessed value
$698,979
Assessed 2023
Previous assessed
$603,917
+15.7% YoY
Effective rate
2.13%
On assessed value
Assessed land
$329,319
Assessed improvement
$369,660
Land market value
$329,319
Improvement market value
$369,660
Total market value
$698,979
Applied tax rate
500.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,057 SF
Lot
0.28 ac (12,197 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3119-013-0190
UPID
US18-7285146
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Royal Poinciana Shops INC
Entity
Free & Clear · 11 yrs held
Mailing address
10980 SW 48TH ST, MIAMI, FL 33165-6115
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2014
$463,500
Royal Poinciana Shops INC
Euroholdings INC
Grant Deed
—
Jun 22, 2011
—
Euroholdings INC
Eurobank
Quit Claim Deed
—
May 13, 2011
$350,200
Eurobank
First Springs Corp Coc
Trustees Deed
related
—
Jun 8, 2007
$451,500
First Springs Corp
10 South Royal Poinciana LLC
Warranty Deed
$705,000 · Aeon Capital Partners LLC
Oct 20, 2004
—
10 South Royal Poinciana LLC
Barrys Dry Cleaners INC
Quit Claim Deed
related
—
Oct 20, 2004
$565,000
10 South Royal Poinciana LLC
Martinez,guillermo
Warranty Deed
$465,000 · Provident Investments Co
—
—
Guillermo Martinez
—
Deed Of Trust
related
$170,000 · Alfred & Marcia
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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