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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Retail residential properties
1698 Alton Rd, Miami Beach, FL 33139-2426
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-2310354
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2019
Construction
CONCRETE
Total area
182,527 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3234-017-0200
UPID
US18-2310354
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.91M
Owner & transaction history
1681 West Ventures LLC · 8 yrs held
1681 West Ventures LLC
since 2017
6 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · 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 Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$371,854
Tax year 2023
Assessed value
$24,878,005
Assessed 2023
Previous assessed
$25,076,277
-0.8% YoY
Effective rate
1.49%
On assessed value
Assessed land
$5,250,000
Assessed improvement
$19,628,005
Land market value
$5,250,000
Improvement market value
$19,628,005
Total market value
$24,878,005
Applied tax rate
200.0000
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
2019
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
5
Units
24
Bathrooms
53
Total area
182,527 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3234-017-0200
UPID
US18-2310354
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
24
Bathrooms
53
Lot
0.34 ac
Current owner
From public records · entity-resolved
1681 West Ventures LLC
Entity
Free & Clear · 8 yrs held
Mailing address
19501 BISCAYNE BLVD STE #400, AVENTURA, FL 33180-2337
Ownership since
2017
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
Oct 23, 2017
$665,000
1681 West Ventures LLC
1698 Alton Road Ventures LLC
Grant Deed
—
Oct 23, 2017
—
1681 West Ventures LLC
—
Loan Modification
related
$34,500,000 · Fifth Third Bk
May 23, 2017
—
1681 West Ventures LLC
—
Grant Deed
related
$69,000,000 · Fifth Third Bk
Apr 29, 2015
$8,000,000
1698 Alton Road Ventures LLC
Sunshine Dade Investments LLC
Warranty Deed
—
Nov 9, 2012
—
Sunshine Dade Investments LLC
—
Deed Of Trust
related
$38,431,410 · Bank United
Sep 8, 2009
$2,390,000
Sunshine Dade Investments LLC
Motiva Ents LLC
Grant Deed
—
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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