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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Schools
103 Lucy St Florida City, FL 33034-2501
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-1523252
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1979
Construction
CONCRETE
Total area
18,900 SF
Lot
1.55 ac (67,518 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7919-001-0230
UPID
US18-1523252
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
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.62M
Owner & transaction history
103 E Lucy Street LLC · 11 yrs held
103 E Lucy Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · 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
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$86 / 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
Assessed value
$3,944,184
Assessed 2023
Previous assessed
$3,782,258
+4.3% YoY
Assessed land
$675,180
Assessed improvement
$3,269,004
Land market value
$675,180
Improvement market value
$3,269,004
Total market value
$3,944,184
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
18,900 SF
Lot
1.55 ac (67,518 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7919-001-0230
UPID
US18-1523252
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · 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
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.55 ac
Current owner
From public records · entity-resolved
103 E Lucy Street LLC
Entity
Mailing address
2700 SW 8TH ST, MIAMI, FL 33135-4619
Ownership since
2015
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 2, 2019
—
Dp Real Estate Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$57,193,195 · Bankunited Fsb
Apr 26, 2017
—
Dp Real Estate Holdings LLC
—
Loan Modification
related
$53,204,929 · Bankunited Fsb
Feb 9, 2015
$4,800,000
103 E Lucy Street LLC
Lucy Street Shops Ltd Lllp
Warranty Deed
$4,300,000 · Lucy Street Shops Ltd Lllp
Jul 12, 2007
—
Lucy Street Shops Ltd Lllp
—
Trustees Deed
related
$578,200 · First Bank Of Miami
Jun 3, 2005
$3,000,000
Lucy Street Shops Ltd Lllp
Benn,richard R
Warranty Deed
$3,253,000 · First Bank Of Miami
—
—
Dp Real Estate Holdings LLC
—
Deed Of Trust
related
$56,205,000 · Bankunited Fsb
—
—
Dp Real Estate Holdings LLC
—
Loan Modification
related
$55,768,930 · 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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