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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Manufacturing properties
20121 16th Pl Miami, FL 33179-2720
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1595970
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
2,110 SF
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-1232-026-0060
UPID
US18-1595970
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$740k
Owner & transaction history
Rocket Holdings LLC · 5 yrs held
Rocket Holdings LLC
since 2021
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+113.5%
Medical building
$925,000
+63.9%
Warehouse, storage
$625,000
+11.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$565,000
Current use
RETAIL STORES
$1,205,000
Change: +113% · Conversion: Moderate
MEDICAL BUILDING
$925,000
Change: +64% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $825k (Feb 11 2021)
Last sale anchor
$825k
Feb 11 2021
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
$351 / 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
$5,570
Tax year 2023
Assessed value
$400,900
Assessed 2023
Previous assessed
$253,200
+58.3% YoY
Effective rate
1.39%
On assessed value
Total market value
$400,900
Applied tax rate
3,000.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1989
Heating
NONE
Total area
2,110 SF
Zoning code
7300:INDUSTRIAL,HVY MFG
APN
30-1232-026-0060
UPID
US18-1595970
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7300:INDUSTRIAL,HVY MFG · Miami, FL
Zoning 7300:INDUSTRIAL,HVY MFG · permitted uses
7300:INDUSTRIAL,HVY MFG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$565,000
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Heating
NONE
Current owner
From public records · entity-resolved
Rocket Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
21550 BISCAYNE BLVD STE #400, AVENTURA, FL 33180-1275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 11, 2021
$825,000
Rocket Holdings LLC
Timepiece International INC
Warranty Deed
—
Aug 5, 2016
—
Timepiece International INC
—
Deed
related
$680,000 · Marquis Bk
Nov 4, 2011
—
Timepiece International INC
—
Deed Of Trust
related
$2,265,000 · Bank Leumi USA
Jan 25, 2010
—
Timepiece International INC
—
Deed Of Trust
related
$3,250,000 · Bank Leumi USA
Feb 28, 2001
$430,000
Timepiece International INC
B J A Real Estate Holdings INC
Grant Deed
$380,000 · Bank Leumi Le-israel
Feb 7, 2000
$525,000
Bja Real Estate Holdings INC
Robert Grover Trustee
Grant Deed
related
$500,000 · Richard W Lyons Trustee
—
—
Timepiece International INC
—
Deed Of Trust
related
$680,000 · Marquis 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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