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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Outlet malls
1789 Biscayne Blvd, Miami, FL 33132-1130
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-4339173
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1942
Construction
CONCRETE
Total area
1,575 SF
Lot
0.04 ac (1,575 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-003-0730
UPID
US18-4339173
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
-
EDGE HOUSE MIAMI Condominium Complex
-
Vice City Shops & Wholesales Big Box & Wholesale Store
-
Abram's Fabrics (Bike/Boat/Book/etc) Store
-
7 Signatures Food Truck Restaurant
-
Hot Wax Miami (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
One Miami Biscayne Bay Of Arts Di · 8 yrs held
One Miami Biscayne Bay Of Arts Di
since 2017
7 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%
$855,000
6.5%
$790,000
7%
$735,000
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$514 / 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
$16,187
Tax year 2023
Assessed value
$1,020,167
Assessed 2023
Previous assessed
$862,757
+18.2% YoY
Effective rate
1.59%
On assessed value
Assessed land
$945,000
Assessed improvement
$75,167
Land market value
$945,000
Improvement market value
$75,167
Total market value
$1,020,167
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1942
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,575 SF
Lot
0.04 ac (1,575 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
01-3231-003-0730
UPID
US18-4339173
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
1942
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
One Miami Biscayne Bay Of Arts Di
Individual
Mailing address
4316 CLEARBROOK LN, KENSINGTON, MD 20895-4115
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2017
$5,000,000
One Miami Biscayne Bay Of Arts Di
Klepach,esther
Warranty Deed
—
Aug 24, 2017
—
Esther Klepach
—
Deed
related
$49,250 · Kahn Donald J (te)
Aug 1, 2017
—
Klepach,esther Trust
—
Deed
related
$147,000 · Sylvain Jama
Jun 21, 2016
—
Esther Klepach
—
Deed
related
$49,250 · Kahn Donald J (te)
—
—
Esther Klepach
—
Loan Modification
related
$49,250 · Kahn Donald J (te)
—
—
Klepach Esther Trust
—
Deed Of Trust
related
$21,500 · Wiener Fanny Trust (pt)
—
—
Klepach Esther Trust
—
Deed Of Trust
related
$49,250 · Kahn Donald J (te)
—
—
Esther Klepach
—
Deed Of Trust
related
—
—
—
Klepach,esther Trust
—
Deed Of Trust
related
$147,000 · Sylvain Jama
—
—
Esther Klepach
—
Loan Modification
related
$49,250 · Kahn Donald J (te)
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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