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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Outlet malls
1551 8th St Miami, FL 33135-5218
Entity Owned
~
Est. High Equity
Property ID
US19-0341060
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1925
Construction
CONCRETE
Total area
4,809 SF
Lot
0.21 ac (9,225 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4102-006-6160
UPID
US19-0341060
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
-
Top Cigars (Bike/Boat/Book/etc) Store
-
Marakka 2000 Cinema
-
Cigar, self serve drinks, chess Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.31M
Owner & transaction history
Short Circuit Pistons LLC
Short Circuit Pistons LLC
since 2026
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+32.2%
Office building
$1.8M
+10.3%
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 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
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
RETAIL STORES
$1,600,000
Current use
MEDICAL BUILDING
$2,110,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,765,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$1,430,000
Change: -11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$271 / 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
$27,446
Tax year 2023
Assessed value
$1,364,511
Assessed 2023
Previous assessed
$1,364,646
0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,153,125
Assessed improvement
$211,386
Land market value
$1,153,125
Improvement market value
$211,386
Total market value
$1,364,511
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
4,809 SF
Lot
0.21 ac (9,225 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4102-006-6160
UPID
US19-0341060
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
RETAIL STORES Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Short Circuit Pistons LLC
Entity
Mailing address
1637 SW 8TH ST #200, MIAMI, FL 33135-5243
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Short Circuit Pistons LLC
Yo Amo Calle Ocho LLC
Warranty Deed
$5,000,000 · Taylor Made Lending LLC
Mar 17, 2020
—
Yo Amo Calle Ocho LLC
—
Deed
related
$2,700,000 · Ocean Bk
Jun 27, 2019
—
El Shopping LLC
Capiro Venture LLC
Re-recorded Document
related
—
Jan 25, 2019
$115,000
El Shopping LLC
Capiro Venture LLC
Special Warranty Deed
$8,306,250 · Ocean Bank
Jan 17, 2019
$2,082,000
Yo Amo Calle Ocho LLC
Domino Square Partners LLC
Special Warranty Deed
—
Oct 24, 2016
—
Domino Square Partners LLC
—
Deed
related
$9,100,000 · Ocean Bank
Apr 23, 2015
$1,890,000
Domino Square Partners LLC
Domino Square LLC
Warranty Deed
related
$2,460,000 · Private Individual
Mar 1, 2012
$1,165,000
Domino Square LLC
Lucky Eight Investments LLC
Special Warranty Deed
$1,270,000 · Gumbo Spirits LLC
Jun 1, 2007
$1,275,000
Lucky Eight Investments LLC
Yasam LLC
Warranty Deed
$825,000 · Yasam LLC
Jul 21, 1999
$218,000
Yasam LLC
1551 Tamiami INC
Grant Deed
—
—
—
Yo Amo Calle Ocho LLC
—
Loan Modification
related
$2,700,000 · Ocean Bk
—
—
Lucky Eight Investments LLC
—
Deed Of Trust
related
$825,000 · Yasam LLC
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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