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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Gas stations
1840 Alton Rd Miami Beach, FL 33139-1505
Entity Owned
~
Est. High Equity
Property ID
US18-3796840
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1997
Construction
CONCRETE
Total area
4,594 SF
Lot
0.37 ac (16,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3233-012-0170
UPID
US18-3796840
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$4.79M
Owner & transaction history
1840 Alton Partners LLC
1840 Alton Partners LLC
since 2025
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Commercial (general)
$3.8M
+2.5%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$3,745,000
Current use
COMMERCIAL (GENERAL)
$3,835,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,005,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10% · vs last sale $4.25M (Jun 9 2025)
Last sale anchor
$4.25M
Jun 9 2025
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
$1,043 / 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
$79,706
Tax year 2023
Assessed value
$4,811,772
Assessed 2023
Previous assessed
$4,816,081
-0.1% YoY
Effective rate
1.66%
On assessed value
Assessed land
$4,480,000
Assessed improvement
$331,772
Land market value
$4,480,000
Improvement market value
$331,772
Total market value
$4,811,772
Applied tax rate
200.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,594 SF
Lot
0.37 ac (16,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3233-012-0170
UPID
US18-3796840
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.0M
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
1840 Alton Partners LLC
Entity
Mailing address
1840 ALTON RD, MIAMI BEACH, FL 33139-1505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
$4,250,000
1840 Alton Partners LLC
Alton Road Supremeservices INC
Warranty Deed
$4,500,000 · Vertix Funding 1 LLC
Nov 25, 2019
—
Alton Road Supreme Services INC
—
Deed
related
$100,000 · Paradise Bank
Jul 5, 2017
—
Alton Road Supreme Svcs INC
—
Deed
related
$1,900,317 · Paradise Bk
Jul 8, 2016
—
Alton Road Supreme Svcs INC
—
Deed
related
$180,000 · Sara T Suarez
Feb 28, 2012
—
Alton Road Supreme Svcs INC
—
Trustees Deed
related
$100,000 · Stephen Kravitz
—
—
Alton Road Supreme Service INC
—
Deed Of Trust
related
$300,000 · Washington Mutual Fsb
—
—
Alton Road Supreme Services
—
Deed Of Trust
related
$249,000 · First United Bank
—
—
Alton Road Supreme Services
—
Deed Of Trust
related
$250,000 · Admiralty Bank
—
—
Alton Road Supreme Svcs INC
—
Deed Of Trust
related
$2,100,000 · Paradise Bank
—
—
Alton Road Supreme Svcs INC
—
Deed Of Trust
related
$600,000 · Stephen Kravitz
—
—
Alton Road Supreme Svcs INC
—
Loan Modification
related
$2,260,795 · Paradise Bk
—
—
Alton Road Supreme Svcs INC
—
Deed Of Trust
related
$2,713,700 · Paradise Bank
—
—
Alton Road Supreme Svcs INC
—
Deed Of Trust
related
$750,000 · Paradise Bank
—
—
Alton Road Supreme Svcs INC
—
Deed Of Trust
related
$180,000 · Sara T Suarez
—
—
Alton Road Supreme Svcs INC
—
Loan Modification
related
$1,900,317 · Paradise Bk
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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