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Property profile & analytics
OFF-MARKET
Estimated value
$75,090,000
Grocery and convenience stores
1776 Biscayne Blvd Miami, FL 33132-1129
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-1606173
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2012
Construction
METAL FRAME
Total area
146,599 SF
Lot
1.91 ac (83,200 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-041-0010
UPID
US18-1606173
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
-
Western Union Bank Credit Union
-
Starbucks Cafe & Coffee Shop
-
Publix Pharmacy at 18Biscayne Shopping Center Pharmacy
-
City National Bank - Presto ATM Atm
-
Elio Miglio Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$73.59M
Comparable Approach
Comparable
$61.72M
Blend (final)
Blend
$75.09M
Owner & transaction history
S Biscayne LLC · 15 yrs held
S Biscayne LLC
since 2010
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
by Request
CAP Approach
CAP Return
Estimation
6%
$79,715,000
6.5%
$73,585,000
7%
$68,325,000
Blend value · Realmo final
$75.09M
Range $67.58M – $82.60M · ±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
$512 / 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
$646,203
Tax year 2023
Assessed value
$50,020,000
Assessed 2023
Previous assessed
$41,700,000
+20.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$49,920,000
Assessed improvement
$100,000
Land market value
$49,920,000
Improvement market value
$100,000
Total market value
$50,020,000
Applied tax rate
101.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2012
Construction
METAL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
146,599 SF
Lot
1.91 ac (83,200 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-041-0010
UPID
US18-1606173
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
2012
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
S Biscayne LLC
Entity
Mailing address
301 E LAS OLAS BLVD FL, FT LAUDERDALE, FL 33301-2254
Ownership since
2010
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
Sep 26, 2012
—
S-biscayne LLC
—
Deed Of Trust
related
$20,066,828 · Pnc Bank
Sep 30, 2010
$7,450,000
S Biscayne LLC
The Ellipse High Rise LP
Special Warranty Deed
$23,447,963 · Wells Fargo Bank NA
May 2, 2005
$2,813,700
Ellipse High-rise
Thirteen Biscayne Assocs LLC
Grant Deed
—
May 2, 2005
$6,250,100
Ellipse High-rise
Morocco Ents INC
Grant Deed
—
Jun 19, 2003
$1,426,575
Thirteen Biscayne Associates L
Holiday Harbor Mgmt Corp
Grant Deed
—
Jun 19, 2003
$1,742,250
Morocco Enterprises INC
Holiday Harbor Mgmt Corp
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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