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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
10805 23rd St Sweetwater, FL 33172-2029
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-5990768
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
1,118 SF
Lot
0.98 ac (42,776 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
25-3031-001-0470
UPID
US18-5990768
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$545k
Owner & transaction history
Truck Depot LLC · 13 yrs held
Truck Depot LLC
since 2013
4 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Sweetwater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$825,000
+80.9%
Auto repair, garage
$730,000
+60.0%
Retail stores
$640,000
+40.4%
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 Sweetwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sweetwater 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$455,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +81% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +40% · Conversion: Moderate
MEDICAL BUILDING
$490,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$487 / 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
$30,302
Tax year 2023
Assessed value
$1,755,089
Assessed 2023
Previous assessed
$1,413,038
+24.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$1,711,040
Assessed improvement
$44,049
Land market value
$1,711,040
Improvement market value
$44,049
Total market value
$1,755,089
Applied tax rate
2,500.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,118 SF
Lot
0.98 ac (42,776 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
25-3031-001-0470
UPID
US18-5990768
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Sweetwater, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Sweetwater, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sweetwater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$455,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES
Est. value
$640,000
MEDICAL BUILDING
Est. value
$490,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1963
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Truck Depot LLC
Entity
Mailing address
10805 NW 23RD ST, MIAMI, FL 33172-2029
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Oct 5, 2018
—
The Truck Depot LLC
—
Deed
related
$400,000 · Florida Community Bank NA
Jul 5, 2013
—
Truck Depot LLC
Duenas,carlos R
Quit Claim Deed
related
$175,000 · Florida Community Bank
Feb 3, 2005
—
Truck Depot LLC
Duenas,carlos R
Quit Claim Deed
related
—
Jan 21, 2005
$275,000
Carlos R Duenas
Colina,gustavo
Warranty Deed
$220,000 · Ocean Bank
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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