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Property profile & analytics
OFF-MARKET
Estimated value
$17,730,000
Outlet malls
15601 127th Ave Miami, FL 33177-1406
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6196730
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2021
Construction
CONCRETE
Total area
172,517 SF
Lot
15.47 ac (673,835 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-5926-017-0120
UPID
US18-6196730
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
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Alberto Sanchez OD/ Bread of Life Vision LLC Physician
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Money Center Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.73M
Owner & transaction history
Makana Nui LLC · 4 yrs held
Makana Nui LLC
since 2021
Last sale
$19.5M
2 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
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
$13,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.73M
Range $15.96M – $19.50M · ±10% · vs last sale $19.50M (Dec 17 2021)
Last sale anchor
$19.50M
Dec 17 2021
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
$103 / 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
$319,222
Tax year 2023
Assessed value
$19,828,000
Assessed 2023
Previous assessed
$16,288,000
+21.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$10,781,360
Assessed improvement
$9,046,640
Land market value
$10,781,360
Improvement market value
$9,046,640
Total market value
$19,828,000
Applied tax rate
3,000.0000
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
2021
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
172,517 SF
Lot
15.47 ac (673,835 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-5926-017-0120
UPID
US18-6196730
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Year built
2021
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
15.47 ac
Current owner
From public records · entity-resolved
Makana Nui LLC
Entity
Free & Clear · 4 yrs held
Mailing address
45-167 KEANA RD, KANEOHE, HI 96744-2317
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$19,500,000
Makana Nui LLC
Coral Reef Retail LLC
Special Warranty Deed
—
Sep 3, 2020
$9,600,000
Coral Reef Retail LLC
University Of Miami
Grant Deed
—
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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