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Property profile & analytics
OFF-MARKET
Estimated value
$6,085,000
Commercial land
1725 79th St Cswy North Bay Village, FL 33141-4214
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-0159188
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1958
Construction
CONCRETE
Total area
2,612 SF
Lot
0.62 ac (27,000 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
23-3209-000-0100
UPID
US18-0159188
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
$7.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$6.09M
Owner & transaction history
Mg Prosper Nbv LLC · 1 yrs held
Mg Prosper Nbv LLC
since 2024
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Bay Village, 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 Bay Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bay Village 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
$7,310,000
ML approach
$7,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.09M
Range $5.48M – $6.69M · ±10% · vs last sale $6.00M (May 17 2021)
Last sale anchor
$6.00M
May 17 2021
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
$2,330 / 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
$116,120
Tax year 2023
Assessed value
$5,404,343
Assessed 2023
Previous assessed
$4,729,389
+14.3% YoY
Effective rate
2.15%
On assessed value
Assessed land
$5,400,000
Assessed improvement
$4,343
Land market value
$5,400,000
Improvement market value
$4,343
Total market value
$5,404,343
Applied tax rate
2,300.0000
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
1958
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,612 SF
Lot
0.62 ac (27,000 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
23-3209-000-0100
UPID
US18-0159188
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Bay Village, FL
Zoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North Bay Village, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bay Village. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Mg Prosper Nbv LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1035 N DEARBORN ST UNIT 10E, CHICAGO, IL 60610-2996
Ownership since
2024
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
Oct 21, 2024
$19,000,000
Mg Prosper Nbv LLC
1725 Kennedy Causeway Owner LLC
Special Warranty Deed
—
May 17, 2021
$6,000,000
1725 Kennedy Causeway Owner LLC
Bay Village Venture LLC
Special Warranty Deed
—
Mar 21, 2013
$2,115,000
Bay Village Venture LLC
Concord Dev Group LLC
Warranty Deed
—
Jun 25, 2003
$1,900,000
Concord Development Group LLC
Floval Oil Corp
Grant Deed
—
Jun 21, 2001
$623,100
Floval Oil Corp
Radiant Oil & Gas Co Of Fl INC
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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