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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
2000 2nd Ave Miami, FL 33127-4825
Trust Owned
3-yr Hold
Free & Clear
Property ID
US18-1675770
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
CONCRETE
Total area
1,371 SF
Lot
0.12 ac (5,400 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-042-0230
UPID
US18-1675770
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
-
Signature Taco Restaurant
-
Lira Beirut Eatery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$563k
Blend (final)
Blend
$590k
Owner & transaction history
Trust Advisors Corporation · 3 yrs held
Trust Advisors Corporation
since 2023
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$565,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$935,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$430 / 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
$29,705
Tax year 2023
Assessed value
$2,265,405
Assessed 2023
Previous assessed
$2,265,405
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,160,000
Assessed improvement
$105,405
Land market value
$2,160,000
Improvement market value
$105,405
Total market value
$2,265,405
Applied tax rate
100.0000
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
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,371 SF
Lot
0.12 ac (5,400 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-042-0230
UPID
US18-1675770
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$935,000
OFFICE BUILDING Current
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
1949
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Trust Advisors Corporation
Trust
Free & Clear · 3 yrs held
Mailing address
2000 NW 5TH AVE LAND TRUST 5781ST B NW 151ST ST, MIAMI LAKES, FL 33014
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
—
Trust Advisors Corporation
Welcome To Wynwood LLC
Correction Deed
related
—
Jan 5, 2015
—
2000 Nw 5th Avenue Land Trust
Welcome To Wynwood LLC
Quit Claim Deed
related
—
Nov 18, 2013
$450,000
Welcome To Wynwood LLC
Majestic Gardens LLC
Warranty Deed
—
May 3, 2010
$225,000
Majestic Gardens LLC
Camp Biscayne At The Grove LLC
Warranty Deed
$240,000 · Ocean Bank
Sep 6, 2005
$362,000
Camp Biscayne At The Grove LLC
Two Aces Holdings Corp
Warranty Deed
—
Jun 23, 2003
$160,000
Two Acres Holdings Corp
Ishann INC
Grant Deed
related
$160,000 · Wachovia Bank NA
May 11, 2001
$79,000
Ishaan INC
Kwan,ban H
Grant Deed
$39,500 · Ban H
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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