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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
1013 Redland Rd, Florida City, FL 33034-1732
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-3072853
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
4,888 SF
Lot
0.29 ac (12,445 SF)
Zoning code
0500:SGL FAM,1201-1400 SQ
APN
16-7824-006-0260
UPID
US18-3072853
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$625k
Owner & transaction history
Bennie Lovett · 4 yrs held
Bennie Lovett
since 2022
7 recorded transactions
Zoning & alternative use
0500:SGL FAM,1201-1400 SQ · Florida City, 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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$128 / 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
$9,582
Tax year 2023
Assessed value
$518,751
Assessed 2023
Previous assessed
$485,417
+6.9% YoY
Effective rate
1.85%
On assessed value
Assessed land
$186,675
Assessed improvement
$332,076
Land market value
$186,675
Improvement market value
$332,076
Total market value
$518,751
Applied tax rate
1,600.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,888 SF
Lot
0.29 ac (12,445 SF)
Zoning code
0500:SGL FAM,1201-1400 SQ
APN
16-7824-006-0260
UPID
US18-3072853
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
0500:SGL FAM,1201-1400 SQ · Florida City, FL
Zoning 0500:SGL FAM,1201-1400 SQ · permitted uses
0500:SGL FAM,1201-1400 SQ · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Bennie Lovett
Individual
Free & Clear · 4 yrs held
Mailing address
505 SW 5TH AVE, FLORIDA CITY, FL 33034-4845
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Bennie Lovett
Bennie Lovett
Intrafamily Transfer
related
—
Nov 8, 2019
—
Bennie Lovett
—
Deed
related
$121,208 · Centerstate Bk NA
—
—
Bennie L Lovett
—
Deed Of Trust
related
$15,000 · Chase Lending Corp
—
—
Bennie L Lovett
—
Deed Of Trust
related
$15,000 · Chase Lending Corp
—
—
Bennie Lovett
—
Loan Modification
related
$121,208 · Centerstate Bk NA
—
—
Lovett,bennie
—
Loan Modification
related
$275,089 · First Nat'l Bk/s Fl
—
—
Bennie Lovett
—
Deed Of Trust
related
$30,000 · First National Bank South Fl
—
—
Bennie Lovett
—
Deed Of Trust
related
$272,768 · First National Bank South Fl
—
—
Bennie Lovett
—
Deed Of Trust
related
$274,779 · First National Bank South Fl
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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