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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Commercial land
1875 167th St North Miami Beach, FL 33162-3018
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US19-0777196
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1954
Construction
CONCRETE
Total area
9,389 SF
Lot
0.59 ac (25,707 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
07-2209-006-2900
UPID
US19-0777196
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
$2.30M
Blend (final)
Blend
$1.68M
Owner & transaction history
1875 Ne 167th Street LLC · 7 yrs held
1875 Ne 167th Street LLC
since 2019
7 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · North Miami Beach, FL
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 North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$179 / 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
$16,485
Tax year 2023
Assessed value
$771,210
Assessed 2023
Previous assessed
$771,210
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$771,210
Land market value
$771,210
Total market value
$771,210
Applied tax rate
700.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
9,389 SF
Lot
0.59 ac (25,707 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
07-2209-006-2900
UPID
US19-0777196
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · North Miami Beach, FLZoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
1875 Ne 167th Street LLC
Entity
Mailing address
4770 BISCAYNE BLVD STE #1400, MIAMI, FL 33137-3243
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2019
$2,350,000
1875 Ne 167th Street LLC
Shefa Tal LLC
Special Warranty Deed
$1,880,000 · Vnb New York LLC
May 30, 2019
$100
Shefa Tal LLC
Universal Inv Grp
Warranty Deed
—
Feb 24, 2014
$900,000
Shefa Tal LLC
Universal Inv Grp
Warranty Deed
—
Feb 24, 2014
—
Shefa Tal LLC
Balagan Group LLC
Grant Deed
related
—
Jul 24, 2013
—
Balagan Group LLC
Universal Inv Grp
Dual Purpose Document
related
$125,000 · Universal Investment Group
Apr 26, 2010
$150,000
Universal Investment Group INC
Nmb Investmenr Group INC
Quit Claim Deed
related
—
Feb 23, 2007
$250,000
Nmb Investment Group INC
Universal Investment Group INC
Quit Claim Deed
related
—
Apr 6, 2004
$650,000
Universal Investment Group INC
Gorlin,tr
Grant Deed
$427,000 · Interbay Funding LLC
—
—
Universal Investment Group INC
—
Deed Of Trust
related
$760,000 · Interbay Funding LLC
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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