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Property profile & analytics
OFF-MARKET
Estimated value
$43,965,000
Outlet malls
11905 152nd St Miami, FL 33177-1605
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6131511
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Construction
CONCRETE
Total area
149,750 SF
Lot
13.07 ac (569,293 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-5924-042-0011
UPID
US18-6131511
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
-
Amerigas Propane Exchange Propane Supplier
-
Plumbing Repair Service at Depot Plumbing Service General Contractor
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
The Home Depot Building Supply Hardware & Home Improvement
-
Home Services at The Home Depot Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.96M
Comparable Approach
Comparable
$42.28M
Blend (final)
Blend
$43.97M
Owner & transaction history
Corewood LLC · 3 yrs held
Corewood LLC
since 2022
Last sale
$44.9M
1 recorded transaction
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
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
$48,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,205,000
6.5%
$38,955,000
7%
$36,175,000
Blend value · Realmo final
$43.97M
Range $39.57M – $48.36M · ±10% · vs last sale $44.85M (Oct 11 2022)
Last sale anchor
$44.85M
Oct 11 2022
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
$294 / 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
$273,241
Tax year 2023
Assessed value
$16,022,000
Assessed 2023
Previous assessed
$15,132,000
+5.9% YoY
Effective rate
1.71%
On assessed value
Assessed land
$5,692,930
Assessed improvement
$10,329,070
Land market value
$5,692,930
Improvement market value
$10,329,070
Total market value
$16,022,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
149,750 SF
Lot
13.07 ac (569,293 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-5924-042-0011
UPID
US18-6131511
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
13.07 ac
Current owner
From public records · entity-resolved
Corewood LLC
Entity
Mailing address
2750 CORAL WAY STE #200, MIAMI, FL 33145-3200
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$44,850,000
Corewood LLC
Reef Associates Ltd
Special Warranty Deed
$24,667,500 · Professional 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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