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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Outlet malls
11705 7th Ave Miami, FL 33168-2509
Entity Owned
21-yr Hold
Free & Clear
Property ID
US19-0795775
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2005
Construction
CONCRETE
Total area
6,930 SF
Lot
0.73 ac (32,000 SF)
Zoning code
6062
APN
30-2136-032-0540
UPID
US19-0795775
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
-
UPS Access Point location Courier Service Postal Service
-
Advance Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Net Lease Realty In Commercial · 21 yrs held
Net Lease Realty In Commercial
since 2004
7 recorded transactions
Zoning & alternative use
6062 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+19.2%
Auto repair, garage
$4.5M
+14.3%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$3,770,000
6.5%
$3,480,000
7%
$3,230,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,965,000
Current use
OFFICE BUILDING
$4,725,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,530,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±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
$431 / 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
$29,232
Tax year 2023
Assessed value
$1,791,500
Assessed 2023
Previous assessed
$1,512,674
+18.4% YoY
Effective rate
1.63%
On assessed value
Assessed land
$1,120,000
Assessed improvement
$671,500
Land market value
$1,120,000
Improvement market value
$671,500
Total market value
$1,791,500
Applied tax rate
3,000.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,930 SF
Lot
0.73 ac (32,000 SF)
Zoning code
6062
APN
30-2136-032-0540
UPID
US19-0795775
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FL
Zoning 6062 · permitted uses
6062 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Net Lease Realty In Commercial
Entity
Free & Clear · 21 yrs held
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2004
$830,000
Net Lease Realty In Commercial
Blaxberg I B
Grant Deed
—
Dec 21, 2004
—
Blaxberg Barry Tr
A & C Control INC Coc
Trustees Deed
related
—
Jun 3, 2004
$148,000
Robert J Aquilino
Quality Awnings INC
Grant Deed
$111,000 · Casanova Trust
Nov 30, 2001
—
A & C Control INC
Bar B Q INC
Quit Claim Deed
related
—
Jul 6, 1998
$80,000
Bar B-q INC
Osheroff,marc & Robin
Grant Deed
$80,000 · Carlos Calderon Trustee
—
—
A & C Control INC
—
Deed Of Trust
related
$330,000 · Mayfair Sports Bar & Lounge
—
—
A & C Control INC
—
Deed Of Trust
related
$60,000 · I B Blaxberg Trustee
—
—
A & C Control INC
—
Deed Of Trust
related
$103,000 · Barry Blaxberg Trustee
—
—
Bar-b-q INC
—
Deed Of Trust
related
$440,000 · South Florida Mtg Consultants
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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