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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Drive through restaurants
16605 4th Ave, Miami, FL 33162-3505
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-1860818
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2022
Construction
CONCRETE
Total area
3,001 SF
Lot
0.65 ac (28,196 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
30-2218-000-0090
UPID
US18-1860818
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
-
La Brasa North Miami Beach Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$560k
Owner & transaction history
Billante Kids LLC · 8 yrs held
Billante Kids LLC
since 2018
6 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · 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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$187 / 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
$28,890
Tax year 2023
Assessed value
$1,694,047
Assessed 2023
Previous assessed
$704,900
+140.3% YoY
Effective rate
1.71%
On assessed value
Assessed land
$1,127,840
Assessed improvement
$566,207
Land market value
$1,127,840
Improvement market value
$566,207
Total market value
$1,694,047
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,001 SF
Lot
0.65 ac (28,196 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
30-2218-000-0090
UPID
US18-1860818
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Billante Kids LLC
Entity
Mailing address
4770 BISCAYNE BLVD STE #680, MIAMI, FL 33137-3244
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2018
$1,625,000
Billante Kids LLC
Ripa Ents INC
Warranty Deed
$900,000 · Ripa Ents INC
Dec 1, 2017
—
Ripa Ents INC
—
Deed
related
$300,000 · Norman Laporte
Oct 19, 2016
—
Ripa Ents INC
—
Trustees Deed
related
$300,000 · Norman Laporte
Nov 23, 2011
$900,000
Ripa Ents INC
Ne 4th Avenue LLC
Warranty Deed
$300,000 · Ne 4th Avenue LLC
Mar 3, 2010
$800,000
Ne 4th Avenue LLC
Choi,sook J & Kyong S
Warranty Deed
$500,000 · Sook J & Kyong S Choi
—
—
Ripa Ents INC
—
Loan Modification
related
$300,000 · Norman Laporte
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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