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Property profile & analytics
OFF-MARKET
Estimated value
$13,145,000
Manufacturing properties
16200 49th Ave Miami Gardens, FL 33014-6315
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1540262
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
CONCRETE
Total area
64,430 SF
Lot
3.03 ac (131,987 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-007-0023
UPID
US18-1540262
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.87M
CAP Approach
CAP
$13.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.15M
Owner & transaction history
Pp Sunshine Owner LLC · 5 yrs held
Pp Sunshine Owner LLC
since 2020
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, 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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
$15,870,000
CAP Approach
CAP Return
Estimation
6%
$14,425,000
6.5%
$13,315,000
7%
$12,365,000
Blend value · Realmo final
$13.15M
Range $11.83M – $14.46M · ±10% · vs last sale $11.70M (Aug 13 2020)
Last sale anchor
$11.70M
Aug 13 2020
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
$204 / 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
$139,372
Tax year 2023
Assessed value
$8,917,000
Assessed 2023
Previous assessed
$7,945,000
+12.2% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,979,805
Assessed improvement
$6,937,195
Land market value
$1,979,805
Improvement market value
$6,937,195
Total market value
$8,917,000
Applied tax rate
3,400.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
64,430 SF
Lot
3.03 ac (131,987 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
34-2118-007-0023
UPID
US18-1540262
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Gardens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Pp Sunshine Owner LLC
Entity
Mailing address
345 PARK AVE, NEW YORK, NY 10154-0004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Pp Sunshine Owner LLC
—
Deed
related
$296,200,000 · Wellsfargobankna
Jun 9, 2022
—
Pp Sunshine Owner LLC
—
Deed
related
$765,000,000 · Deutsche Bank National Trust Co
Aug 13, 2020
$11,700,000
Pp Sunshine Owner LLC
Eiv 16100 LLC
Grant Deed
—
Jul 13, 2018
$10,300,000
En 16100 LLC
Mj Eagle Realty Lc
Trustees Deed
$6,180,000 · Florida Cmnty Bk NA
Dec 9, 2009
—
Mj Eagle Realty Lc
—
Deed Of Trust
related
$3,100,000 · Regions Bank
—
—
Mj Eagle Realty Lc
—
Loan Modification
related
$1,000,000 · Regions Bk
—
—
Mj Eagle Realty Lc
—
Deed Of Trust
related
$3,700,000 · Hsbc Bk USA NA
—
—
Mj Eagle Realty Lc
—
Deed Of Trust
related
$750,000 · Hsbc Bk USA NA
—
—
Mj Eagle Realty Lc
—
Loan Modification
related
$1,000,000 · Regions Bank
—
—
Mj Eagle Realty Lc
—
Deed Of Trust
related
$3,100,000 · Regions Bank
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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