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Property profile & analytics
OFF-MARKET
Estimated value
$4,735,000
Community centers
19001 Biscayne Blvd Aventura, FL 33180-2819
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1815885
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1954
Construction
CONCRETE
Total area
14,603 SF
Lot
2.44 ac (106,204 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
28-2203-000-0111
UPID
US18-1815885
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
by Request
Blend (final)
Blend
$4.74M
Owner & transaction history
Parcel Cove LLC · 12 yrs held
Parcel Cove LLC
since 2014
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Aventura, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.4M
+54.5%
Warehouse, storage
$4.3M
+4.6%
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 Aventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aventura 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
NEIGHBORHOOD: SHOPPING CENTER
$4,150,000
Current use
MEDICAL BUILDING
$6,415,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,340,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.74M
Range $4.26M – $5.21M · ±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
$324 / 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
$215,023
Tax year 2023
Assessed value
$13,248,000
Assessed 2023
Previous assessed
$13,248,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$9,558,360
Assessed improvement
$3,689,640
Land market value
$9,558,360
Improvement market value
$3,689,640
Total market value
$13,248,000
Applied tax rate
2,800.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
14,603 SF
Lot
2.44 ac (106,204 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
28-2203-000-0111
UPID
US18-1815885
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Aventura, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · Aventura, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$6.4M
WAREHOUSE, STORAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.44 ac
Current owner
From public records · entity-resolved
Parcel Cove LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2627 NE 203RD ST STE #202, AVENTURA, FL 33180-1946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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 22, 2021
—
Parcel Cove LLC
—
Deed
related
$10,500,000 · South State Bank NA
Jul 7, 2020
—
Parcel Cove LLC
—
Deed
related
$10,920,000 · Fuse Fndg Fund I LLC
Mar 18, 2019
—
Parcel Cove LLC
—
Deed Of Trust
related
$10,920,000 · Fuse Fndg Fund I LLC
Jun 26, 2014
$14,100,000
Parcel Cove LLC
Aventura Grand Cove LLC
Warranty Deed
—
Dec 6, 2010
$8,582,500
Aventura Grand Cove LLC
Pappas James
Grant Deed
—
Dec 6, 2010
—
Aventura Grand Cove LLC
Ihs Aventura Land LLC
Quit Claim Deed
—
Aug 1, 2008
—
Gwp Aventura LLC
Pappas,brian J
Grant Deed
$4,750,000 · Brian J Pappas
Aug 1, 2008
$5,000,000
Gwp Aventura Land LLC
Jackson,carolyn P
Grant Deed
—
Feb 20, 2007
—
Pappas Steven J Tr
Pappas,steven J
Quit Claim Deed
related
—
—
—
Parcel Cove LLC
—
Loan Modification
related
$10,920,000 · Fuse Fndg Fund I 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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