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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Office buildings
14100 Palmetto Frntg Rd Ste 390 Miami Lakes, FL 33016-1557
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3120063
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
1,633 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2015-045-0300
UPID
US18-3120063
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
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
First Origin Mortgage Lenders INC · 1 yrs held
First Origin Mortgage Lenders INC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+127.4%
Auto repair, garage
$1.1M
+101.1%
Retail stores
$935,000
+75.9%
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 Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Lakes 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
$1,355,000
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,205,000
Change: +127% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,070,000
Change: +101% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +76% · Conversion: Moderate
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.36M (Aug 20 2024)
Last sale anchor
$1.36M
Aug 20 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
$830 / 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
$6,420
Tax year 2023
Assessed value
$408,250
Assessed 2023
Previous assessed
$318,435
+28.2% YoY
Effective rate
1.57%
On assessed value
Total market value
$408,250
Applied tax rate
3,200.0000
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
Off-Market
Year built
1983
Heating
NONE
Total area
1,633 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2015-045-0300
UPID
US18-3120063
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1983
Heating
NONE
Current owner
From public records · entity-resolved
First Origin Mortgage Lenders INC
Entity
Free & Clear · 1 yrs held
Mailing address
14100 PALMETTO FRNTG RD STE #300, MIAMI LAKES, FL 33016-1557
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
$1,355,800
First Origin Mortgage Lenders INC
Mcm Holdings INC
Warranty Deed
—
Nov 7, 2019
$360,000
Mcm Holdings INC
Manger1 LLC
Warranty Deed
$250,000 · Fr Capital Holdings LLC
Sep 9, 2016
—
Manger 1 LLC
Herman Investments LLC
Quit Claim Deed
related
—
Sep 8, 2016
$2,670,300
Herman Investments LLC
Palmetto Offices LLC
Warranty Deed
—
May 14, 2013
$1,925,000
Palmetto Offices LLC
Palmetto Eastern Mgmt Corp
Grant Deed
$750,000 · Eastern National Bank
Oct 5, 2012
$200
Palmetto Eastern Mgmt Corp
Palmetto Rd Frontage Coc
Trustees Deed
related
—
Sep 27, 2012
$200
Eastern Natl Bk
Palmetto Rd Frontage L Coc
Trustees Deed
related
—
Jul 7, 2009
—
Palmetto Rd Frontage LLC
—
Deed Of Trust
related
$3,448,981 · Eastern National 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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