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Property profile & analytics
OFF-MARKET
Estimated value
$4,900,000
Drive through restaurants
12000 7th Ave North Miami, FL 33168-2525
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6083211
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2012
Construction
WOOD
Total area
4,177 SF
Lot
0.7 ac (30,535 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
06-2126-014-4000
UPID
US18-6083211
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
$6.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.90M
Owner & transaction history
Tropical Co Brazil USA LLC · 5 yrs held
Tropical Co Brazil USA LLC
since 2020
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | North 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 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
$5,750,000
ML approach
$6,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,100,000
Current use
COMMERCIAL (GENERAL)
$3,090,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.90M
Range $4.41M – $5.39M · ±10% · vs last sale $3.68M (Nov 20 2020)
Last sale anchor
$3.68M
Nov 20 2020
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
$1,173 / 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
$78,552
Tax year 2023
Assessed value
$3,851,000
Assessed 2023
Previous assessed
$3,851,000
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$916,050
Assessed improvement
$2,934,950
Land market value
$916,050
Improvement market value
$2,934,950
Total market value
$3,851,000
Applied tax rate
600.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,177 SF
Lot
0.7 ac (30,535 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
06-2126-014-4000
UPID
US18-6083211
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · North Miami, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | North Miami, FL
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
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
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Tropical Co Brazil USA LLC
Entity
Mailing address
3363 NE 163RD ST STE #506, NORTH MIAMI BEACH, FL 33160-4423
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
$4,900,000
Tropical Co Brazil USA LLC
3d International Holdings LLC
Grant Deed
—
Jan 6, 2014
$3,470,000
3d International Holdings LLC
Pollo Operations INC
Special Warranty Deed
$2,255,500 · Sunstate Bank
Mar 29, 2012
$1,450,000
Pollo Operations INC
Stonemason Partners LP
Warranty Deed
—
Jul 28, 2010
—
Stonemason Partners LP
—
Trustees Deed
related
$663,000 · Capital Group Of Miami INC
Jun 12, 2008
$1,400,000
Stonemason Partners
Capital Group Of Miami INC
Warranty Deed
$738,000 · Capital Group Of Miami INC
—
—
Capital Group Of Miami INC
—
Deed Of Trust
related
$42,000 · Commercial Bank Florida
—
—
Capital Group Of Miami INC
—
Deed Of Trust
related
$27,000 · Commercial Bank Florida
—
—
Stonemason Partners LP
—
Deed Of Trust
related
$613,000 · Capital Group Of Miami INC
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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