Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Turn key restaurants
1601 79th St Cswy North Bay Village, FL 33141-4106
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1684936
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
CONCRETE
Total area
13,089 SF
Lot
0.83 ac (36,000 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
23-3209-000-0040
UPID
US18-1684936
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
$1.21M
Owner & transaction history
1601 79th Street LLC · 5 yrs held
1601 79th Street LLC
since 2021
6 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Bay Village, 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 North Bay Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bay Village 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$92 / 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
$175,617
Tax year 2023
Assessed value
$8,320,644
Assessed 2023
Previous assessed
$8,320,644
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$7,200,000
Assessed improvement
$1,120,644
Land market value
$7,200,000
Improvement market value
$1,120,644
Total market value
$8,320,644
Applied tax rate
2,300.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,089 SF
Lot
0.83 ac (36,000 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
23-3209-000-0040
UPID
US18-1684936
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Bay Village, FLZoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North Bay Village, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
1601 79th Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1401 79TH ST CSWY, NORTH BAY VILLAGE, FL 33141-4104
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
$13,500,000
1601 79th Street LLC
Brick Village 79 LLC
Warranty Deed
—
Jun 3, 2014
$4,500,000
Brick Village 79 LLC
Florvest LLC
Warranty Deed
—
Apr 16, 2008
—
Florvest LLC
—
Trustees Deed
related
$2,000,000 · Evergreen Overseas Holdings In
Jun 6, 2000
—
Ifg International Finance Grou
Carrol Trading & K INC
Trustees Deed
related
—
Aug 4, 1997
$1,875,000
Carrol Trading & K INC
Hershey,william
Grant Deed
$1,325,000 · Seller
—
—
Florvest LLC
—
Deed Of Trust
related
$750,000 · Evergreen Overseas Holdings In
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1601 79th St Cswy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
