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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Commercial land
1055 92nd St, Bay Harbor Islands, FL 33154-2719
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4037552
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
CONCRETE
Total area
4,975 SF
Lot
0.24 ac (10,425 SF)
Zoning code
4500:MULTI-FAMILY,4 STORY
APN
13-2227-001-2950
UPID
US18-4037552
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
$1.81M
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.51M
Owner & transaction history
Bhi Club 2 LLC · 10 yrs held
Bhi Club 2 LLC
since 2016
7 recorded transactions
Zoning & alternative use
4500:MULTI-FAMILY,4 STORY · Bay Harbor Islands, 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 Bay Harbor Islands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Harbor Islands 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%
$1,960,000
6.5%
$1,810,000
7%
$1,680,000
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±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
$304 / 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
$31,348
Tax year 2023
Assessed value
$2,710,500
Assessed 2023
Previous assessed
$1,146,750
+136.4% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,710,500
Land market value
$2,710,500
Total market value
$2,710,500
Applied tax rate
1,300.0000
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
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Total area
4,975 SF
Lot
0.24 ac (10,425 SF)
Zoning code
4500:MULTI-FAMILY,4 STORY
APN
13-2227-001-2950
UPID
US18-4037552
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4500:MULTI-FAMILY,4 STORY · Bay Harbor Islands, FL
Zoning 4500:MULTI-FAMILY,4 STORY · permitted uses
4500:MULTI-FAMILY,4 STORY · Bay Harbor Islands, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay Harbor Islands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
7
Lot
0.24 ac
Current owner
From public records · entity-resolved
Bhi Club 2 LLC
Entity
Mailing address
24044 CINCO VLG CTR BLVD STE #100, KATY, TX 77494-8433
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
—
Bhi The Club 2 LLC
—
Deed
related
$200,000 · Esp Realty Capital LLC
May 16, 2022
—
Bhi The Club 2 LLC
—
Deed
related
$57,753 · Construction Loan Services LLC
Jul 27, 2016
—
Bhi Club 2 LLC
—
Deed
related
$2,640,000 · Boanerge LLC
Feb 17, 2016
$4,400,000
Bhi Club 2 LLC
1045-92 Bh LLC
Grant Deed
$3,400,000 · Private Individual
Sep 30, 2014
$114,500
1045-92 Bh LLC
Ayub,jorge & Margareth
Quit Claim Deed
related
—
Aug 15, 2014
$222,000
1045-92 Bh LLC
Hanson,sandra L
Quit Claim Deed
related
—
Dec 19, 2013
—
1045-92 Bh LLC
Town Of Bay Harbor Islands
Quit Claim Deed
related
—
May 13, 2013
$980,000
1055-92 Bh LLC
F G Realty INC
Warranty Deed
—
Dec 2, 2003
—
F G Realty INC
Galea,salvatore
Quit Claim Deed
related
—
—
—
Salvatore Galea
—
Deed Of Trust
related
$175,000 · Presidential Mortgage Corp
—
—
Bhi Club 2 LLC
—
Deed Of Trust
related
$2,640,000 · Boanerge LLC
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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