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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Outlet malls
19870 27th Ave Miami Gardens, FL 33056-2519
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2987612
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Construction
CONCRETE
Total area
8,417 SF
Lot
0.9 ac (39,419 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2104-046-0017
UPID
US18-2987612
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
$4.29M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
Stadium Shops LLC · 5 yrs held
Stadium Shops LLC
since 2020
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+29.6%
Commercial (general)
$6.2M
+29.2%
Office building
$5.7M
+19.2%
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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
$4,215,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
$4,575,000
6.5%
$4,225,000
7%
$3,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,815,000
Current use
RESTAURANT
$6,240,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,225,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$5,740,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,505,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$4.21M
Range $3.78M – $4.63M · ±10% · vs last sale $3.12M (Aug 20 2020)
Last sale anchor
$3.12M
Aug 20 2020
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
$500 / 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
$46,725
Tax year 2023
Assessed value
$2,205,400
Assessed 2023
Previous assessed
$2,205,400
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,103,732
Assessed improvement
$1,101,668
Land market value
$1,103,732
Improvement market value
$1,101,668
Total market value
$2,205,400
Applied tax rate
3,400.0000
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,417 SF
Lot
0.9 ac (39,419 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2104-046-0017
UPID
US18-2987612
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.8M
RESTAURANT
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2007
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Stadium Shops LLC
Entity
Mailing address
15801 BISCAYNE BLVD STE #203, AVENTURA, FL 33160-4601
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2020
$2,200,000
Stadium Shops LLC
Miami Gardens Stadium LLC
Warranty Deed
related
$48,000 · Path Advisory Ltd
Mar 12, 2019
—
Miami Gardens Stadium LLC
—
Deed
related
$1,600,000 · Path Advisory Ltd
Feb 19, 2014
$3,120,000
Miami Gardens Stadium LLC
Sun Glow Construction INC
Warranty Deed
$1,550,000 · Sun Glow Constructions INC
Jan 26, 2009
$2,850,000
Sun Glow Construction INC
Dassett Ltd
Warranty Deed
$1,450,000 · Reunion Bank Of Florida
—
—
Miami Gardens Stadium LLC
—
Deed Of Trust
related
$1,600,000 · Path Advisory Ltd
—
—
Sun Glow Construction INC
—
Loan Modification
related
$1,333,750 · Reunion Bank Of Florida
—
—
Sun Glow Construction INC
—
Deed Of Trust
related
$800,000 · Reunion Bank Of Florida
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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