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Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
Commercial land
16300 19th Ave North Miami Beach, FL 33162-4883
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-8440481
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1961
Construction
CONCRETE
Total area
34,927 SF
Lot
0.86 ac (37,500 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2216-001-0640
UPID
US18-8440481
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
$9.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.56M
Blend (final)
Blend
$7.64M
Owner & transaction history
Sky Gardens Residences LLC · 5 yrs held
Sky Gardens Residences LLC
since 2020
Last sale
$5.2M
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, 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 North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami Beach 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
$9,680,000
ML approach
$9,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±10% · vs last sale $5.20M (Dec 14 2020)
Last sale anchor
$5.20M
Dec 14 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
$219 / 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
$50,502
Tax year 2023
Assessed value
$3,562,500
Assessed 2023
Previous assessed
$3,000,000
+18.8% YoY
Effective rate
1.42%
On assessed value
Assessed land
$3,562,500
Land market value
$3,562,500
Total market value
$3,562,500
Applied tax rate
700.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
6
Total area
34,927 SF
Lot
0.86 ac (37,500 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2216-001-0640
UPID
US18-8440481
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.86 ac
Current owner
From public records · entity-resolved
Sky Gardens Residences LLC
Entity
Mailing address
1019 KANE CONCOURSE STE #202, BAY HARBOR ISLANDS, FL 33154-2138
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Sky Gardens Residences LLC
—
Deed
related
$8,500,000 · Safe Harbor Equity LLC
Dec 14, 2020
$5,200,000
Sky Gardens Residences LLC
St Executive Center LLC
Warranty Deed
$3,420,000 · 163 St Executive Center LLC
Apr 18, 2013
$2,282,500
163 St Executive Center LLC
Office 19 LLC
Deed In Lieu Of Foreclosure
related
—
Apr 6, 2006
$5,500,000
Office 19 LLC
Aleka Investments LLC
Warranty Deed
$4,125,000 · Totalbank
Jan 9, 2004
$2,866,700
Aleka Investments LLC
Penn & 8th INC
Grant Deed
$2,925,000 · Commerce Bank NA
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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