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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Commercial land
1020 Pennsylvania Ave Miami Beach, FL 33139-4922
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-0225323
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1923
Construction
CONCRETE
Total area
2,775 SF
Lot
0.16 ac (7,000 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-4203-009-1160
UPID
US18-0225323
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
$540k
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
1020 Pennsylvania Investment LLC · 2 yrs held
1020 Pennsylvania Investment LLC
since 2023
Last sale
$843,750
7 recorded transactions
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$580,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$935,000
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $844k (Aug 9 2023)
Last sale anchor
$844k
Aug 9 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
$276 / 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
$29,454
Tax year 2023
Assessed value
$1,610,000
Assessed 2023
Previous assessed
$1,610,000
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,610,000
Land market value
$1,610,000
Total market value
$1,610,000
Applied tax rate
200.0000
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
Year built
1923
Construction
CONCRETE
Heating
NONE
Stories
2
Bathrooms
6
Total area
2,775 SF
Lot
0.16 ac (7,000 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
02-4203-009-1160
UPID
US18-0225323
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Zoning 3900:MULTI-FAM,38-62 U/A · permitted uses
3900:MULTI-FAM,38-62 U/A · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
CONCRETE
Heating
NONE
Stories
2
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
1020 Pennsylvania Investment LLC
Entity
Free & Clear · 2 yrs held
Mailing address
90 SW 3RD STCU5, MIAMI, FL 33130-2995
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
$843,750
1020 Pennsylvania Investment LLC
1020 Pennsylvania Aye LLC
Warranty Deed
—
Oct 17, 2022
—
1020 Pennsylvania Ave LLC
—
Deed
related
$2,700,000 · Ds Investments I LLC
Aug 28, 2019
—
1020 Pennsylvania Ave LLC
—
Deed
related
$724,576 · Marquis Bk
Mar 7, 2017
—
1020 Pennsylvania Ave LLC
—
Deed
related
$875,000 · Marquis Bk
Jul 15, 2016
—
1020 Pennsylvania Ave LLC
—
Deed
related
$268,500 · Florida Auto Advantage LLC
May 23, 2016
—
1020 Pennsylvania Ave LLC
—
Deed
related
$1,651,000 · Florida Auto Advantage LLC
Sep 26, 2013
$1,000,000
1020 Pennsylvania Ave LLC
Marom,doron
Warranty Deed
$500,000 · Ame Investments LLC
Jun 1, 2007
$774,000
Doron Marom
Larbro Lc
Warranty Deed
—
Jul 23, 2001
$475,000
Larbro Lc
Chabli Investment Group INC
Grant Deed
—
Mar 22, 1999
$560,000
Louis Arnitz
Img International INC
Grant Deed
—
—
—
1020 Pennsylvania Ave LLC
—
Loan Modification
related
$724,576 · Marquis Bk
—
—
1020 Pennsylvania Ave LLC
—
Loan Modification
related
$1,651,000 · Florida Auto Advantage LLC
—
—
1020 Pennsylvania Ave LLC
—
Deed Of Trust
related
$268,500 · Florida Auto Advantage LLC
—
—
1020 Pennsylvania Ave LLC
—
Deed Of Trust
related
$650,000 · Kraftsow Family Invs LP
—
—
1020 Pennsylvania Ave LLC
—
Loan Modification
related
$650,000 · Private Individual
—
—
1020 Pennsylvania Ave LLC
—
Deed Of Trust
related
$875,000 · Marquis Bk
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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