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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office buildings
200 Park St Miami Springs, FL 33166-4452
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-5718247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1948
Construction
CONCRETE
Total area
1,794 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3024-007-1340
UPID
US18-5718247
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
$1.08M
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.26M
Owner & transaction history
200 Park Street LLC · 2 yrs held
200 Park Street LLC
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, 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 Miami Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Springs 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
$980,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.48M (Sep 7 2023)
Last sale anchor
$1.48M
Sep 7 2023
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
$702 / 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
$14,115
Tax year 2023
Assessed value
$640,000
Assessed 2023
Previous assessed
$640,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$225,000
Assessed improvement
$415,000
Land market value
$225,000
Improvement market value
$415,000
Total market value
$640,000
Applied tax rate
500.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1948
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
5
Total area
1,794 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
05-3024-007-1340
UPID
US18-5718247
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map
Building & site characteristics
From public records
Year built
1948
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
200 Park Street LLC
Entity
Mailing address
8868 NW 102ND CT, DORAL, FL 33178-3287
Ownership since
2023
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
Sep 7, 2023
$1,475,000
200 Park Street LLC
Mg Properties Of South Florida LLC
Warranty Deed
$1,300,000 · Mg Properties Of South Florida LLC
Nov 20, 2018
$830,000
Mg Properties Of South Florida LLC
Noelvys Betancourt
Warranty Deed
$829,600 · Centerstate Bank Of Florida NA
Aug 20, 2004
$789,000
Noelvys Betancourt
Erj Investment Properties INC
Warranty Deed
$371,000 · Metwest Commercial Lender
—
—
Ligia R Gonzalez
—
Deed Of Trust
related
$59,182 · Bankunited Fsb
—
—
Noelvys Betancourt
—
Deed Of Trust
related
$56,724 · Erj Investment Properties INC
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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