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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Retail residential properties
1041 119th St North Miami, FL 33168-6240
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0336816
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1955
Construction
CONCRETE
Total area
4,344 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
06-2126-016-0170
UPID
US19-0336816
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
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Rlv Corp · 7 yrs held
Rlv Corp
since 2019
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | North Miami, 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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,710,000
6.5%
$1,580,000
7%
$1,465,000
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$284 / 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
$9,084
Tax year 2023
Assessed value
$538,100
Assessed 2023
Previous assessed
$320,000
+68.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$150,000
Assessed improvement
$388,100
Land market value
$150,000
Improvement market value
$388,100
Total market value
$538,100
Applied tax rate
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
2
Bathrooms
2
Total area
4,344 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
06-2126-016-0170
UPID
US19-0336816
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · North Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | North Miami, FL
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rlv Corp
Entity
Mailing address
1401 NE 101ST ST, MIAMI SHORES, FL 33138-2612
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
$475,000
Rlv Corp
1041 Nw 119 Street LLC
Warranty Deed
$356,250 · 1041 Nw 119 Street LLC
Feb 9, 2017
$337,500
1041 Nw 119 Street LLC
Grace Jackson LLC
Warranty Deed
—
Aug 3, 2015
$189,000
Grace Jackson LLC
Modern World Investments Corp
Warranty Deed
—
Dec 18, 2013
—
Modern World Investments Corp
Mystickey Corp
Quit Claim Deed
related
—
Aug 27, 2013
$140,000
Mystickey Corp
Opportunity Fund USA LLC
Grant Deed
—
May 24, 2013
$1,100
Opportunity Fund USA LLC
Carswell,thomas & Phyllis Coc
Trustees Deed
related
—
Jul 8, 2004
$300,000
Phyills Carswell
Naranjo,humberto
Grant Deed
$259,885 · Bank Of America
—
—
Humberto Naranjo
—
Deed Of Trust
related
$100,000 · Eduardo L Roz
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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