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Property profile & analytics
OFF-MARKET
Estimated value
$3,255,000
Retail residential properties
166 29th St Miami, FL 33127-3949
Entity Owned
Free & Clear
Property ID
US18-5850496
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1953
Construction
CONCRETE
Total area
2,005 SF
Lot
0.16 ac (6,900 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-028-1180
UPID
US18-5850496
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
-
The Chocolate Chip Bakery Cafe & Coffee Shop
-
Empire Ink Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.26M
Owner & transaction history
Thor Wynwood Owner LLC
Thor Wynwood Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+13.6%
Warehouse, storage
$2.2M
+5.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,100,000
Current use
RETAIL STORES
$2,385,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$2,225,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±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
$1,623 / 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
$52,868
Tax year 2023
Assessed value
$2,503,839
Assessed 2023
Previous assessed
$2,330,973
+7.4% YoY
Effective rate
2.11%
On assessed value
Assessed land
$2,415,000
Assessed improvement
$88,839
Land market value
$2,415,000
Improvement market value
$88,839
Total market value
$2,503,839
Applied tax rate
100.0000
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
1953
Construction
CONCRETE
Heating
NONE
Stories
1
Units
4
Bathrooms
4
Total area
2,005 SF
Lot
0.16 ac (6,900 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-028-1180
UPID
US18-5850496
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Stories
1
Units
4
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Thor Wynwood Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
333 S GRAND AVE #47, LOS ANGELES, CA 90071-1504
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
—
Thor Wynwood Owner LLC
Thor Wynwood Owner II LLC
Special Warranty Deed
—
Sep 19, 2025
$14,500,000
Thor Wynwood Owner LLC
2825 Wynwood LLC
Special Warranty Deed
—
Apr 11, 2023
$26,000,000
2825 Wynwood Holding LLC
Gamma Fl Wynwood LLC
Special Warranty Deed
—
Nov 7, 2022
$250,100
Gamma Fl Wynwood LLC
Wynwood Gateway II LLC
Trustees Deed
related
—
Jun 19, 2019
—
Wynwood Gateway II LLC
—
Grant Deed
related
$23,000,000 · Gamma Fl Wynwood LLC
Jun 16, 2017
—
Wynwood Gateway LLC
—
Loan Modification
related
$4,680,000 · Bank Of The Ozarks
Apr 3, 2013
$650,000
Wynwood Gateway II LLC
Yoko LLC
Warranty Deed
—
Jun 7, 2005
$575,000
Yoko LLC
Rodriguez,ricardo & Ena L
Warranty Deed
$175,000 · Totalbank
Mar 10, 1999
$80,000
Rodriguez,rodolfo
Arbucias,nancy
Trustees Deed
—
Mar 10, 1999
$100,000
Rodriguez,ricardo & Ena L
Rodriguez,rodolfo A
Trustees Deed
related
—
—
—
Wynwood Gateway LLC
—
Deed Of Trust
related
$3,000,000 · Lion Financial INC
—
—
Wynwood Gateway LLC
—
Deed Of Trust
related
$3,400,000 · Pacific Nat'l Bk
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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