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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Retail residential properties
1801 8th St Miami, FL 33135-3417
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-6250635
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1966
Construction
CONCRETE
Total area
6,183 SF
Lot
0.32 ac (13,756 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4103-025-0141
UPID
US18-6250635
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
-
Unified Legal Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.01M
Owner & transaction history
Bay Sabal Palm Land LLC · 4 yrs held
Bay Sabal Palm Land LLC
since 2021
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · 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
$2,345,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
$2,435,000
6.5%
$2,245,000
7%
$2,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,995,000
Current use
MEDICAL BUILDING
$2,715,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±10% · vs last sale $1.80M (Jul 29 2021)
Last sale anchor
$1.80M
Jul 29 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
$325 / 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
$51,968
Tax year 2023
Assessed value
$2,528,088
Assessed 2023
Previous assessed
$2,529,171
0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,719,500
Assessed improvement
$808,588
Land market value
$1,719,500
Improvement market value
$808,588
Total market value
$2,528,088
Applied tax rate
100.0000
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
1966
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,183 SF
Lot
0.32 ac (13,756 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4103-025-0141
UPID
US18-6250635
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Bay Sabal Palm Land LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4151 PALM LN, MIAMI, FL 33137-3346
Ownership since
2021
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
Jul 29, 2021
$1,800,000
Bay Sabal Palm Land LLC
830 Milano LLC
Warranty Deed
—
Jul 30, 2020
—
830 Milano LLC
Vicdar Prorties LLC
Correction Deed
related
—
Jun 19, 2018
$1,987,500
830 Milano LLC
Vicdar Properties LLC
Warranty Deed
—
Oct 13, 2006
$1,675,000
Vicdar Properties LLC
Rpm Group LLC
Warranty Deed
$1,340,000 · Eastern National Bank
Mar 19, 2003
—
Rpm Group LLC
Pioneer Inv Enterprises INC
Quit Claim Deed
related
—
Mar 5, 1998
$400,000
Way Church Holy
Halegua,ino B
Grant Deed
$1,500,000 · National City Bank Minneapolis
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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