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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Parking lots & garages
127 Alcazar Ave Coral Gables, FL 33134
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US19-0813987
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1980
Construction
CONCRETE
Total area
48,837 SF
Lot
0.22 ac (9,525 SF)
Zoning code
6400
APN
03-4108-007-2250
UPID
US19-0813987
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.72M
Owner & transaction history
P & C 2199 Ponce LLC · 11 yrs held
P & C 2199 Ponce LLC
since 2015
7 recorded transactions
Zoning & alternative use
6400 · Coral Gables, 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 Coral Gables submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Gables 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$56 / 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
$55,477
Tax year 2023
Assessed value
$4,266,035
Assessed 2023
Previous assessed
$3,329,069
+28.1% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,333,750
Assessed improvement
$932,285
Land market value
$3,333,750
Improvement market value
$932,285
Total market value
$4,266,035
Applied tax rate
300.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Stories
5
Total area
48,837 SF
Lot
0.22 ac (9,525 SF)
Zoning code
6400
APN
03-4108-007-2250
UPID
US19-0813987
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400 · Coral Gables, FL
Zoning 6400 · permitted uses
6400 · Coral Gables, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Gables. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Stories
5
Lot
0.22 ac
Current owner
From public records · entity-resolved
P & C 2199 Ponce LLC
Entity
Mailing address
PO BOX 260546, MIAMI, FL 33126-0011
Ownership since
2015
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
Jan 30, 2020
—
P & C 2199 Ponce LLC
—
Deed
related
$3,100,000 · City Nat'l Bk/fl
Jan 27, 2015
$14,000,000
P & C 2199 Ponce LLC
2199 Ponce LLC
Grant Deed
$10,480,000 · Totalbank
Oct 12, 2004
$11,250,000
2199 Ponce LLC
Pan American Of Merrick Plaza Ltd
Grant Deed
$9,900,000 · Totalbank
Oct 9, 2001
$7,425,000
Pan American At Merrick Plaza
Old Dominion LP
Grant Deed
$6,880,400 · Union Planters National Bank
—
—
Gotham Land Devlopment Corp
—
Deed Of Trust
related
$525,000 · Bankunited
—
—
P & C 2199 Ponce LLC
—
Loan Modification
related
$11,900,000 · Totalbank
—
—
2199 Ponce LLC
—
Deed Of Trust
related
$1,700,000 · Totalbank
—
—
P & C 2199 Ponce LLC
—
Loan Modification
related
$3,100,000 · City Nat'l Bk/fl
—
—
2199 Ponce LLC
—
Deed Of Trust
related
$678,613 · Totalbank
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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