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Property profile & analytics
OFF-MARKET
Estimated value
$59,820,000
Office buildings
11860 147th Ave Miami, FL 33196
Trust Owned
28-yr Hold
~
Est. High Equity
Property ID
US18-3393444
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
CONCRETE
Total area
104,362 SF
Lot
49.47 ac (2,154,913 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5909-014-0010
UPID
US18-3393444
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
$49.13M
Comparable Approach
Comparable
$55.15M
Blend (final)
Blend
$59.82M
Owner & transaction history
Cardbeck Miami Trust · 28 yrs held
Cardbeck Miami Trust
since 1998
2 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning and Zoning
Top alternative use upside
Restaurant
$77.4M
+8.7%
Commercial (general)
$77.2M
+8.4%
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 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%
$53,225,000
6.5%
$49,130,000
7%
$45,620,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$71,185,000
Current use
RESTAURANT
$77,390,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$77,155,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$68,230,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$59,700,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$59.82M
Range $53.84M – $65.80M · ±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
$573 / 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
$1,004,398
Tax year 2023
Assessed value
$58,300,000
Assessed 2023
Previous assessed
$58,000,000
+0.5% YoY
Effective rate
1.72%
On assessed value
Assessed land
$20,471,674
Assessed improvement
$37,828,326
Land market value
$20,471,674
Improvement market value
$37,828,326
Total market value
$58,300,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
8
Stories
2
Bathrooms
27
Total area
104,362 SF
Lot
49.47 ac (2,154,913 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-5909-014-0010
UPID
US18-3393444
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FLZoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$71.2M
RESTAURANT
Est. value
$77.4M
COMMERCIAL (GENERAL)
Est. value
$77.2M
AUTO REPAIR, GARAGE
Est. value
$68.2M
RETAIL STORES
Est. value
$59.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
8
Bathrooms
27
Lot
49.47 ac
Current owner
From public records · entity-resolved
Cardbeck Miami Trust
Trust
Mailing address
2501 N HARWOOD ST STE #2600, DALLAS, TX 75201-1618
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Cardbeck Miami Trust
—
Grant Deed
related
$15,000,000 · Crossfirst Bk
Jun 30, 1998
$57,000,000
Cardbeck Miami Trust
Coulter Corp
Grant Deed
$55,775,787 · Nomura Asset Capital Corp
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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