Entity Owned Property summary
AI-generated overview
The property is a retail storefront located on Collins Avenue at the base of the Boulan South Beach Hotel in Miami Beach, Florida. It comprises approximately 7,200 square feet and is configured as a built-out gallery space with a bathroom and kitchenette. A multi-level parking garage with about 407 spaces is located above the retail area. The site is adjacent to Sweet Liberty and within the same broader area that includes select co-tenants such as CVS Pharmacy and Joe & The Juice. Nearby points of reference include Collins Park and several hotels along South Beach, including W South Beach, The Setai, 1 Hotel South Beach, and The Edition.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2010
Construction
CONCRETE
Total area
73,257 SF
Lot
0.19 ac (8,177 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3226-001-0060
UPID
US18-4946868
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$43.61M
Blend (final)
Blend
$34.05M
Owner & transaction history
since 2021
Last sale
$34.0M
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$34.05M
Value range
$30.64M – $37.45M
±10% around blend
Estimated value / SF
$465 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$30.64M
blend $34.05M
$37.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
73,257 SF
Lot area
0.19 ac
Year built
2010
Stories
2
APN
02-3226-001-0060
Zoning
6600:COMMERCIAL,LIBERAL
Assessed value
$27,725,000
Annual tax
$365,462
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$43.61M
Range $21.49M – $86.61M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$34.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$835
-44%
County 734 sales
$674
-31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $465/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.20%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$2.38M *
Last sale · May 2021
$34.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$74.38M
Move the market yield to see immediate price impact.
Value / SF
$1,015
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$2.14M
$79.33M
$66.94M
$57.89M
$2.38M
$88.15M
$74.38M
$64.32M
$2.62M
$96.96M
$81.81M
$70.76M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$365,462
Tax year 2023
Assessed value
$27,725,000
Assessed 2023
Previous assessed
$27,725,000
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,270,800
Assessed improvement
$24,454,200
Land market value
$3,270,800
Improvement market value
$24,454,200
Total market value
$27,725,000
Applied tax rate
200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
10
Bathrooms
57
Total area
73,257 SF
Lot
0.19 ac (8,177 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3226-001-0060
UPID
US18-4946868
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Bathrooms
57
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6600:COMMERCIAL,LIBERAL
Jurisdiction
Miami Beach, FL
Recorded code
6600:COMMERCIAL,LIBERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6600:COMMERCIAL,LIBERAL in Miami Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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