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Property profile & analytics
OFF-MARKET
Estimated value
$5,555,000
Outlet malls
19700 Dixie Hwy Cutler Bay, FL 33157-7612
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-9493458
Property summary
AI-generated overview
Best Plaza, located at 19700 S Dixie Hwy in Cutler Bay, Florida (zip code 33157), offers a prime retail opportunity in Miami-Dade County. This multi-tenant commercial property boasts a total of 24,579 square feet, with 9,247 square feet currently vacant and available for lease. Spaces range from a minimum of 941 square feet to a maximum contiguous space of 4,766 square feet, providing flexibility for various business needs. The property features ample parking with 63 spaces available for tenants and customers. The property's location on S Dixie Hwy offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. This is a fantastic opportunity to establish or expand your retail presence in a thriving Cutler Bay community. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties should inquire about lease terms and available space sizes.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1985
Construction
CONCRETE
Total area
20,327 SF
Lot
1.84 ac (80,150 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
36-6006-040-0010
UPID
US18-9493458
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.56M
Owner & transaction history
Mmg Best Plaza LLC · 2 yrs held
Mmg Best Plaza LLC
since 2024
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Cutler Bay, 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 Cutler Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cutler Bay 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%
$5,925,000
6.5%
$5,465,000
7%
$5,075,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,925,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$5.56M
Range $5.00M – $6.11M · ±10% · vs last sale $6.00M (Mar 18 2024)
Last sale anchor
$6.00M
Mar 18 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
$273 / 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
$84,516
Tax year 2023
Assessed value
$5,222,000
Assessed 2023
Previous assessed
$5,200,000
+0.4% YoY
Effective rate
1.62%
On assessed value
Assessed land
$5,209,750
Assessed improvement
$12,250
Land market value
$5,209,750
Improvement market value
$12,250
Total market value
$5,222,000
Applied tax rate
3,600.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
20,327 SF
Lot
1.84 ac (80,150 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
36-6006-040-0010
UPID
US18-9493458
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Cutler Bay, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Cutler Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cutler Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$8.9M
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Mmg Best Plaza LLC
Entity
Free & Clear · 2 yrs held
Mailing address
406 NW 22ND AVE APT #203, MIAMI, FL 33125-3367
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
$6,000,000
Mmg Best Plaza LLC
Best Plaza Partners LLC
Warranty Deed
—
May 13, 2016
—
Best Plaza Partners LLC
—
Deed
related
$3,600,000 · Ocean Bk
Feb 20, 2013
$4,000,000
Best Plaza Partners LLC
Best Plaza Investment INC
Warranty Deed
$3,000,000 · Totalbank
Jul 17, 2008
$3,750,000
Best Plaza Investment INC
Emd Associates Ltd
Grant Deed
$3,000,000 · Totalbank
—
—
Best Plaza Partners LLC
—
Deed Of Trust
related
$3,600,000 · Ocean 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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