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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Drive through restaurants
1650 163rd St, North Miami Beach, FL 33162-4731
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-8051066
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Construction
CONCRETE
Total area
2,214 SF
Lot
0.74 ac (32,205 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2217-038-0020
UPID
US18-8051066
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
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$620k
Owner & transaction history
Nb Premises LLC · 11 yrs held
Nb Premises LLC
since 2015
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, 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 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$280 / 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
$51,300
Tax year 2023
Assessed value
$3,552,550
Assessed 2023
Previous assessed
$1,732,900
+105.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$3,542,550
Assessed improvement
$10,000
Land market value
$3,542,550
Improvement market value
$10,000
Total market value
$3,552,550
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,214 SF
Lot
0.74 ac (32,205 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2217-038-0020
UPID
US18-8051066
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Zoning 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
North Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Nb Premises LLC
Entity
Mailing address
8500 W FLAGLER ST STE 209B, MIAMI, FL 33144-2044
Ownership since
2015
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
Aug 10, 2017
—
Florida Bells LLC
—
Grant Deed
related
$40,000,000 · Bank Of America
Jun 1, 2016
—
Florida Bells LLC
—
Deed
related
$35,000,000 · Wells Fargo Bk
Jul 2, 2015
$2,451,300
Nb Premises LLC
Rccs Investments Corp
Warranty Deed
—
Feb 6, 2012
$1,542,000
Rccs Investments Corp
Mcc Properties LLC
Grant Deed
—
Apr 16, 2010
—
Florida Bells LLC
—
Deed Of Trust
related
$20,500,000 · Wells Fargo Bk Nw NA
Apr 28, 2009
$1,060,700
Mcc Properties LLC
Sol Foods LLC
Grant Deed
—
Aug 13, 2007
—
Sol Foods LLC
Gavin,mary
Warranty Deed
—
Dec 6, 1999
$728,500
Fiesta Hospitality LLC
Taco Bell Corp
Grant Deed
related
$840,000 · Captec Financial Group INC
—
—
Florida Bells LLC
—
Loan Modification
related
$35,000,000 · Wells Fargo Bk
—
—
Mcc Properties LLC
—
Deed Of Trust
related
$1,500,000 · First National Bank South Miam
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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