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Property profile & analytics
FOR SALE
Office buildings
1395 Coral Way, Miami, FL 33145
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5908357
For Sale
1 / 5
$6,000,000
1395 Coral Way, Miami, FL 33145
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE
Total area
10,848 SF
Lot
0.18 ac (8,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4111-008-0230
UPID
US18-5908357
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
-
Net D Vision Inc Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.62M
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$4.36M
Owner & transaction history
1395 Sw 22 St Holding Entity LLC · 1 yrs held
1395 Sw 22 St Holding Entity LLC
since 2024
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+47.9%
Retail stores
$6.2M
+29.4%
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
$4,300,000
ML approach
$4,615,000
CAP Approach
CAP Return
Estimation
6%
$5,530,000
6.5%
$5,105,000
7%
$4,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,795,000
Current use
AUTO REPAIR, GARAGE
$7,090,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$6,205,000
Change: +29% · Conversion: Moderate
MEDICAL BUILDING
$4,765,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $4.25M (Aug 19 2024)
Last sale anchor
$4.25M
Aug 19 2024
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
$401 / 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
$47,139
Tax year 2023
Assessed value
$2,293,144
Assessed 2023
Previous assessed
$2,306,640
-0.6% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,080,000
Assessed improvement
$1,213,144
Land market value
$1,080,000
Improvement market value
$1,213,144
Total market value
$2,293,144
Applied tax rate
100.0000
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
For Sale
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
10,848 SF
Lot
0.18 ac (8,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4111-008-0230
UPID
US18-5908357
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
1395 Sw 22 St Holding Entity LLC
Entity
Mailing address
1395 CORAL WAY, MIAMI, FL 33145-2946
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$4,250,000
1395 Sw 22 St Holding Entity LLC
Coral Way Miami Holdings LLC
Warranty Deed
$3,612,500 · First Citizens Bank & Trust Co
Aug 18, 2021
$3,300,000
Coral Way Miami Holdings LLC
Fjm Holdings INC
Warranty Deed
$2,805,000 · Amerant Bank NA
Sep 12, 2006
$2,100,000
Fjm Holdings INC
Coral Way Ents LLC
Warranty Deed
—
Nov 16, 2000
$940,000
Coral Way Enterprises LLC
Watkins Payne Lc
Grant Deed
$752,000 · Bank Of America
Aug 23, 2000
$785,000
Watkins-payne Lc
Schleifer,martin & Nancy
Grant Deed
$628,000 · Seller
—
—
Coral Way Enterprises LLC
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Coral Way Enterprises LLC
—
Deed Of Trust
related
$8,250 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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