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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Outlet malls
1549 Sunset Dr Coral Gables, FL 33143-5878
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3623910
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1952
Construction
CONCRETE
Total area
15,527 SF
Lot
0.71 ac (30,985 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4130-009-1470
UPID
US18-3623910
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
$7.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
Montauk Lobster House Miami LLC · 2 yrs held
Montauk Lobster House Miami LLC
since 2023
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,445,000
6.5%
$7,795,000
7%
$7,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,880,000
Current use
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±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
$386 / 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
$135,154
Tax year 2023
Assessed value
$10,215,022
Assessed 2023
Previous assessed
$10,215,022
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$9,295,500
Assessed improvement
$919,522
Land market value
$9,295,500
Improvement market value
$919,522
Total market value
$10,215,022
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
15,527 SF
Lot
0.71 ac (30,985 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4130-009-1470
UPID
US18-3623910
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.9M
RETAIL STORES Current
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
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Montauk Lobster House Miami LLC
Entity
Mailing address
5829 SW 73RD ST STE #1, SOUTH MIAMI, FL 33143-5276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 13, 2023
—
Montauk Lobster House Miami LLC
—
Deed
related
$300,000 · Coral Gables Oystser Company LLC
Dec 16, 2020
—
Sunset Parcels 2020 LLC
—
Deed
related
$2,200,000 · First Fl Integrity Bk
Feb 15, 2017
—
Beverly Hills Cafe Viii INC
—
Deed
related
$4,850,340 · Eastern Nat'l Bk
—
—
Beverly Hills Cafe Viii INC
—
Loan Modification
related
$3,954,858 · Eastern Nat'l Bk
—
—
Beverly Hills Cafe Viii INC
—
Deed Of Trust
related
$4,000,000 · Wachovia Bank NA
—
—
Beverly Hills Cafe Viii INC
—
Loan Modification
related
$4,850,340 · Eastern Nat'l Bk
—
—
Sunset Parcels 2020 LLC
—
Deed Of Trust
related
$2,200,000 · First Fl Integrity Bk
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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