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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Retail residential properties
1808 3rd St Miami, FL 33135-1943
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8004319
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1930
Construction
CONCRETE
Total area
3,664 SF
Lot
0.11 ac (4,900 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
01-4103-014-1660
UPID
US18-8004319
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
-
Julies Market Corp. Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$942k
Blend (final)
Blend
$1.40M
Owner & transaction history
Ciroma LLC · 2 yrs held
Ciroma LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,445,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,775,000
Current use
MEDICAL BUILDING
$1,610,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Jul 10 2024)
Last sale anchor
$1.40M
Jul 10 2024
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
$382 / 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
$9,397
Tax year 2023
Assessed value
$516,719
Assessed 2023
Previous assessed
$394,219
+31.1% YoY
Effective rate
1.82%
On assessed value
Assessed land
$367,500
Assessed improvement
$149,219
Land market value
$367,500
Improvement market value
$149,219
Total market value
$516,719
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
1930
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
6
Bathrooms
7
Total area
3,664 SF
Lot
0.11 ac (4,900 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
01-4103-014-1660
UPID
US18-8004319
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami, FL
Zoning 3900:MULTI-FAM,38-62 U/A · permitted uses
3900:MULTI-FAM,38-62 U/A · 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
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
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
1930
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
6
Bathrooms
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ciroma LLC
Entity
Mailing address
1808 SW 3RD ST, MIAMI, FL 33135-1943
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$1,400,000
Ciroma LLC
Gloria E Calderon
Warranty Deed
$1,023,750 · City National Bank Of Florida
Jul 10, 2024
—
Gloria E Calderon
Miguel A Calderon
Intrafamily Transfer
related
—
May 30, 2019
$100
Gloria E Calderon
Calderon,miguel A & Gloria E
Quit Claim Deed
related
—
May 8, 2015
—
Miguel A Calderon
Calderon Miguel A
Quit Claim Deed
related
—
Feb 27, 2006
$655,000
Miguel A Calderon
Sanchez,roberto & Anna C
Warranty Deed
$524,000 · Interbay Funding LLC
Jul 26, 1999
$140,000
Roberto Sanchez
Doten Trust
Grant Deed
$134,000 · Seller
—
—
Roberto N Sanchez
—
Deed Of Trust
related
$300,000 · Ocean Bank
—
—
Roberto N Sanchez
—
Deed Of Trust
related
$132,530 · Ocean Bank
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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