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Property profile & analytics
OFF-MARKET
Estimated value
$5,195,000
Retail residential properties
1058 Collins Ave, Miami Beach, FL 33139-5012
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5556646
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Construction
CONCRETE
Total area
2,129 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1210
UPID
US18-5556646
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
$5.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Julaug Invest 2 LLC · 3 yrs held
Julaug Invest 2 LLC
since 2023
Last sale
$6.6M
4 recorded transactions
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+200.0%
Retail stores
$5.0M
+178.9%
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
$5,095,000
ML approach
$5,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,330,000
Change: +200% · Conversion: Easy
RETAIL STORES
$4,955,000
Change: +179% · Conversion: Easy
Blend value · Realmo final
$5.20M
Range $4.68M – $5.71M · ±10% · vs last sale $6.57M (May 26 2023)
Last sale anchor
$6.57M
May 26 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
$2,440 / 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
$105,452
Tax year 2023
Assessed value
$10,316,000
Assessed 2023
Previous assessed
$10,100,000
+2.1% YoY
Effective rate
1.02%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$6,816,000
Land market value
$3,500,000
Improvement market value
$6,816,000
Total market value
$10,316,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1926
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
3
Bathrooms
3
Total area
2,129 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-3234-008-1210
UPID
US18-5556646
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Zoning 6501:COMMERCIAL · permitted uses
6501:COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
3
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Julaug Invest 2 LLC
Entity
Mailing address
1058 COLLINS AVE, MIAMI BEACH, FL 33139-5012
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
$6,565,200
Julaug Invest 2 LLC
Collins Avenue Investors LLC
Warranty Deed
$5,252,160 · Fifth Third Bank NA
May 2, 2014
$9,887,500
Collins Avenue Investors LLC
Gonzalez Family Investment LLC
Warranty Deed
$13,200,000 · Metropolitan Commercial Bank
Oct 2, 2009
$1,900,000
Gonzalez Family Investment LLC
Nash Investment
Warranty Deed
$2,700,000 · Lion Financial INC
—
—
Collins Avenue Investors LLC
—
Deed Of Trust
related
$6,700,000 · Mercantil Commercebank
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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