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Property profile & analytics
OFF-MARKET
Estimated value
$18,325,000
Retail residential properties
101 40th St, Miami, FL 33137-3511
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-9182431
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1954
Construction
CONCRETE
Total area
4,957 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6101
APN
01-3124-027-0110
UPID
US18-9182431
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
-
Alo Clothing Store
-
Theory Miami Clothing Store Women'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.90M
Blend (final)
Blend
$18.33M
Owner & transaction history
101 Ne 40th Street LLC · 2 yrs held
101 Ne 40th Street LLC
since 2023
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
6101 · Miami, 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 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
$17,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.33M
Range $16.49M – $20.16M · ±10% · vs last sale $22.00M (Dec 5 2023)
Last sale anchor
$22.00M
Dec 5 2023
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
$3,697 / 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
$101,967
Tax year 2023
Assessed value
$5,380,000
Assessed 2023
Previous assessed
$4,500,000
+19.6% YoY
Effective rate
1.90%
On assessed value
Assessed land
$4,375,000
Assessed improvement
$1,005,000
Land market value
$4,375,000
Improvement market value
$1,005,000
Total market value
$5,380,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,957 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6101
APN
01-3124-027-0110
UPID
US18-9182431
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FL
Zoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
101 Ne 40th Street LLC
Entity
Mailing address
22 CORTLANDT ST FL, NEW YORK, NY 10007-3107
Ownership since
2023
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
Dec 5, 2023
$22,000,000
101 Ne 40th Street LLC
Miami Dd 101 Blue LLC
Special Warranty Deed
—
Oct 7, 2019
—
Miami Dd 101 Blue LLC
—
Loan Modification
related
$5,400,000 · Wells Fargo Bk
Aug 1, 2013
—
Miami Dd 101 Blue LLC
101 Miami Dd Blue LLC
Quit Claim Deed
related
—
Apr 25, 2013
$10,500,000
101 Miami Dd Blue LLC
10140 Design LLC
Warranty Deed
—
Dec 20, 2007
$2,100,000
10140 Design LLC
Levin,george G & Gayla S
Warranty Deed
—
—
—
Rigoberto Orlega
—
Deed Of Trust
related
$20,000 · Bankunited Fsb
—
—
Rigoberto Ortega
—
Deed Of Trust
related
$15,552 · Bankunited Fsb
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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