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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Warehouses
13101 16th Ave North Miami, FL 33161-5237
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2901047
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
CONCRETE
Total area
27,917 SF
Lot
1.99 ac (86,496 SF)
Zoning code
PLANNED UNIT DEVELOPMENT
APN
06-2229-101-0010
UPID
US18-2901047
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
$7.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.29M
Owner & transaction history
Extra Space Props Eighty Eight · 12 yrs held
Extra Space Props Eighty Eight
since 2014
3 recorded transactions
Zoning & alternative use
PLANNED UNIT DEVELOPMENT · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.1M
+9.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,590,000
6.5%
$7,005,000
7%
$6,505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,300,000
Current use
OFFICE BUILDING
$9,100,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,935,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,480,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±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
$225 / 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
$147,258
Tax year 2023
Assessed value
$10,229,000
Assessed 2023
Previous assessed
$6,846,000
+49.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$691,968
Assessed improvement
$9,537,032
Land market value
$691,968
Improvement market value
$9,537,032
Total market value
$10,229,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
27,917 SF
Lot
1.99 ac (86,496 SF)
Zoning code
PLANNED UNIT DEVELOPMENT
APN
06-2229-101-0010
UPID
US18-2901047
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
PLANNED UNIT DEVELOPMENT · North Miami, FL
Zoning PLANNED UNIT DEVELOPMENT · permitted uses
PLANNED UNIT DEVELOPMENT · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
1.99 ac
Current owner
From public records · entity-resolved
Extra Space Props Eighty Eight
Individual
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2014
—
Extra Space Props Eighty Eight
Extra Space Properties Two LLC
Quit Claim Deed
$34,300,000 · Branch Bk&tr
Feb 25, 2014
—
Extra Space Properties Two LLC
Extra Space Props Seventy LLC
Quit Claim Deed
—
Nov 29, 2010
—
Extra Space Props Seventy LLC
Extra Space Props Twelve LLC
Quit Claim Deed
$5,300,000 · Compass 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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