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Property profile & analytics
OFF-MARKET
Estimated value
$9,630,000
Retail residential properties
14500 6th Ave North Miami, FL 33161-2357
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0852208
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1970
Construction
CONCRETE
Total area
15,300 SF
Lot
2 ac (87,025 SF)
Zoning code
3800:MULTI-FAM,22-37 U/A
APN
06-2219-000-1490
UPID
US19-0852208
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
$9.63M
Owner & transaction history
Pantheon Ocean King Apartments LLC · 1 yrs held
Pantheon Ocean King Apartments LLC
since 2025
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
3800:MULTI-FAM,22-37 U/A · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.3M
+0.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,310,000
Current use
RESTAURANT
$11,345,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,005,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.63M
Range $8.67M – $10.59M · ±10% · vs last sale $12.75M (Mar 18 2025)
Last sale anchor
$12.75M
Mar 18 2025
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
$629 / 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
$263,921
Tax year 2023
Assessed value
$13,200,000
Assessed 2023
Previous assessed
$10,750,000
+22.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$2,175,625
Assessed improvement
$11,024,375
Land market value
$2,175,625
Improvement market value
$11,024,375
Total market value
$13,200,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
200
Total area
15,300 SF
Lot
2 ac (87,025 SF)
Zoning code
3800:MULTI-FAM,22-37 U/A
APN
06-2219-000-1490
UPID
US19-0852208
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3800:MULTI-FAM,22-37 U/A · North Miami, FL
Zoning 3800:MULTI-FAM,22-37 U/A · permitted uses
3800:MULTI-FAM,22-37 U/A · 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
COMMERCIAL (GENERAL) Current
Est. value
$11.3M
RESTAURANT
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
200
Lot
2 ac
Current owner
From public records · entity-resolved
Pantheon Ocean King Apartments LLC
Entity
Mailing address
2333 BRICKELL AVE STE D1, MIAMI, FL 33129-2437
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Pantheon Ocean King Apartments LLC
—
Deed
related
$9,450,000 · X-caliber Funding LLC
Jun 18, 2025
$12,750,000
Pantheon Ocean King Apartments LLC
Ahds Ocean King LLC
Special Warranty Deed
$9,450,000 · Hakimian Partners LLC
Apr 4, 2023
—
Ahds Ocean King LLC
—
Deed
related
$12,750,000 · Emg Transfer Agent LLC
Jul 1, 2019
—
Ahds Ocean King LLC
—
Grant Deed
related
$9,300,000 · Amerant Bk NA
Jun 28, 2018
$13,000,000
Ahds Ocean King LLC
Ocean King Apartments LLC
Warranty Deed
$10,400,000 · Keybank USA
Jul 31, 2014
—
Ocean King Apartments LLC
—
Loan Modification
related
$10,500,000 · New Wave Loans Resid'l
Feb 3, 2011
—
Gold King Apartments LLC
—
Deed Of Trust
related
$15,000,000 · Space Coast Cu
Jul 21, 2003
$4,500,000
King Apartments L L C Ocean
Ne 6th Ave Enterprises Corp
Grant Deed
$3,600,000 · Commercial Bank Florida
Nov 27, 2001
$4,200,000
Ave Enterprises Corp
14500 Investments INC
Grant Deed
$3,360,000 · Commerce Bank NA
May 13, 1999
$4,125,000
14500 Investment INC
Anair INC
Grant Deed
$2,880,000 · Transatlantic Bank
—
—
Ocean King Apartments LLC
—
Deed Of Trust
related
$5,300,000 · Td Bk NA
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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