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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Office buildings
101 Westward Dr Miami Springs, FL 33166-5211
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-0478025
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1946
Construction
CONCRETE
Total area
12,850 SF
Lot
0.23 ac (10,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3024-006-1290
UPID
US18-0478025
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
$3.02M
Blend (final)
Blend
$3.24M
Owner & transaction history
Miami Springs Prof Center Lc · 19 yrs held
Miami Springs Prof Center Lc
since 2007
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, 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 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
$3.24M
Range $2.91M – $3.56M · ±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
$252 / 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
$26,525
Tax year 2023
Assessed value
$1,500,000
Assessed 2023
Previous assessed
$1,500,000
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$450,000
Assessed improvement
$1,050,000
Land market value
$450,000
Improvement market value
$1,050,000
Total market value
$1,500,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1946
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
12,850 SF
Lot
0.23 ac (10,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3024-006-1290
UPID
US18-0478025
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, FLZoning 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
Source
Zoning Map
Building & site characteristics
From public records
Year built
1946
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Miami Springs Prof Center Lc
Individual
Mailing address
3326 MARY ST STE #601, MIAMI, FL 33133-1900
Ownership since
2007
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
Jan 28, 2020
—
Miami Springs Professinal Ctr
—
Deed
related
$1,135,000 · Popular Bk
Aug 1, 2007
$1,460,000
Miami Springs Prof Center Lc
Msprings LLC
Warranty Deed
$1,408,000 · Executive National Bank
Aug 22, 2005
$1,225,000
Msprings LLC
Williams,frank & Corinne W
Warranty Deed
$980,000 · Great Florida Bank
Aug 13, 2002
$955,000
Frank Williams
Washuta,tr
Grant Deed
—
—
—
Miami Springs Prof Center Lc
—
Deed Of Trust
related
$1,250,000 · Banco Popular
—
—
Miami Springs Professinal Ctr
—
Loan Modification
related
$1,135,000 · Popular Bk
—
—
Miami Springs Prof Center Lc
—
Deed Of Trust
related
$1,340,869 · Executive National Bank
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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