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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail residential properties
16020 2nd Ave Miami, FL 33169-6502
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1611525
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1966
Construction
CONCRETE
Total area
2,090 SF
Lot
0.39 ac (17,160 SF)
Zoning code
3700:MULTI-FAM,10-21 U/A
APN
30-2113-001-0200
UPID
US18-1611525
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
-
STEAM Academy of Excellence Training Center Tutoring Service
-
Shanes Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Steam Academy Of Excellence LLC · 2 yrs held
Steam Academy Of Excellence LLC
since 2023
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
3700:MULTI-FAM,10-21 U/A · Miami, 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 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
$510,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $650k (Dec 12 2023)
Last sale anchor
$650k
Dec 12 2023
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
$292 / 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
$6,422
Tax year 2023
Assessed value
$550,124
Assessed 2023
Previous assessed
$498,644
+10.3% YoY
Effective rate
1.17%
On assessed value
Assessed land
$480,480
Assessed improvement
$69,644
Land market value
$480,480
Improvement market value
$69,644
Total market value
$550,124
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,090 SF
Lot
0.39 ac (17,160 SF)
Zoning code
3700:MULTI-FAM,10-21 U/A
APN
30-2113-001-0200
UPID
US18-1611525
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3700:MULTI-FAM,10-21 U/A · Miami, FL
Zoning 3700:MULTI-FAM,10-21 U/A · permitted uses
3700:MULTI-FAM,10-21 U/A · 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.
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Steam Academy Of Excellence LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1100 NE 200TH TER, MIAMI, FL 33179-2672
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Steam Academy Of Excellence LLC
Gwendolyn Tulloch
Correction Deed
related
—
Dec 12, 2023
$650,000
Steam Academy Of Excellence LLC
Shane Learning Center INC
Warranty Deed
$600,000 · Shane Learning Center INC
May 8, 1997
$120,000
Lydia Francois
Toras Emes Academy Of Miami
Grant Deed
$78,000 · City First Mortgage Corp
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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