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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Retail residential properties
1935 Ww Ave, Miami Beach, FL 33139-1433
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1525283
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1940
Construction
CONCRETE
Total area
18,128 SF
Lot
0.22 ac (9,600 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
02-3233-022-0040
UPID
US18-1525283
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
$6.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.91M
Owner & transaction history
Ap Sunset Harbour LP · 7 yrs held
Ap Sunset Harbour LP
since 2018
7 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami Beach, 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 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%
$7,140,000
6.5%
$6,590,000
7%
$6,120,000
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±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
$271 / 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
$120,104
Tax year 2023
Assessed value
$7,250,000
Assessed 2023
Previous assessed
$7,250,000
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,304,000
Assessed improvement
$4,946,000
Land market value
$2,304,000
Improvement market value
$4,946,000
Total market value
$7,250,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
18,128 SF
Lot
0.22 ac (9,600 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
02-3233-022-0040
UPID
US18-1525283
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami Beach, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ap Sunset Harbour LP
Entity
Mailing address
1616 CAMDEN RD #210, CHARLOTTE, NC 28203-4925
Ownership since
2018
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
Oct 23, 2018
—
Ap Sunset Harbour LP
—
Deed
related
$84,750,000 · Miscellaneous Ins Co
Jul 25, 2018
$68,750,000
Ap Sunset Harbour LP
Lindsay Holdings LLC
Grant Deed
—
Jun 28, 2000
$2,100,000
Lindsay Holdings LLC
Americas Attic Self Storage
Grant Deed
related
—
Jan 19, 1999
$1,500,000
Attic Self Storage Americas
Neumann,barry G
Grant Deed
$800,000 · Seller
—
—
Americas Attic Self Storage Ll
—
Deed Of Trust
related
$2,000,000 · Heller Financial Real Estate
—
—
Ap Sunset Harbour LP
—
Deed Of Trust
related
$84,750,000 · Miscellaneous Ins Co
—
—
Attic Self Storage America's
—
Deed Of Trust
related
$121,750 · Heller Financial Real Estate
—
—
Lindsay Holdings LLC
—
Deed Of Trust
related
$2,850,000 · Marquis Bank
—
—
Bay Road Partners LLC
—
Deed Of Trust
related
$18,000,000 · City Nat'l Bk/fl
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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