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Property profile & analytics
OFF-MARKET
Estimated value
$39,360,000
Office buildings
11900 Biscayne Blvd, North Miami, FL 33181-2743
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0493159
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
287,087 SF
Lot
2.74 ac (119,354 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-2229-096-0010
UPID
US19-0493159
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$49.19M
Blend (final)
Blend
$39.36M
Owner & transaction history
Biscayne Real Estate Holdings LLC · 3 yrs held
Biscayne Real Estate Holdings LLC
since 2023
Last sale
$39.0M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami, 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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$30,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$39.36M
Range $35.42M – $43.30M · ±10% · vs last sale $39.00M (Mar 28 2023)
Last sale anchor
$39.00M
Mar 28 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
$137 / 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
$429,465
Tax year 2023
Assessed value
$31,700,000
Assessed 2023
Previous assessed
$19,400,000
+63.4% YoY
Effective rate
1.35%
On assessed value
Assessed land
$8,951,550
Assessed improvement
$22,748,450
Land market value
$8,951,550
Improvement market value
$22,748,450
Total market value
$31,700,000
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
8
Total area
287,087 SF
Lot
2.74 ac (119,354 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-2229-096-0010
UPID
US19-0493159
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
8
Lot
2.74 ac
Current owner
From public records · entity-resolved
Biscayne Real Estate Holdings LLC
Entity
Mailing address
5875 NW 163RD ST #104, MIAMI LAKES, FL 33014-5618
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
$39,000,000
Biscayne Real Estate Holdings LLC
11900 Biscayne LLC
Warranty Deed
—
Sep 29, 2020
—
Biscayne LLC
—
Deed
related
$770,000 · Vast Bank NA
Jul 5, 2018
—
11900 Biscayne LLC
—
Grant Deed
related
$20,000,000 · Valley Nat'l Bk
May 27, 2016
—
11900 Biscayne LLC
—
Deed
related
$2,843,378 · Bank Of America
May 7, 2013
—
11900 Biscayne LLC
Slos18 LLC
Quit Claim Deed
related
—
Nov 15, 2007
$235,300
Dean M Gettis Pa
119 Partners LLC
Grant Deed
$186,236 · Regions Bank
Aug 22, 2007
$239,400
Reality Realty Group Lc
119 Partners LLC
Grant Deed
—
Aug 22, 2007
$505,000
Felice Campagna
119 Partners LLC
Grant Deed
—
Jul 1, 2005
$22,500,000
119 Partners LLC
Biscayne Centre LLC
Grant Deed
$18,600,000 · Union Planters National Bank
—
—
11900 Biscayne LLC
—
Loan Modification
related
$2,843,378 · Bank Of America
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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