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Property profile & analytics
OFF-MARKET
Estimated value
$32,015,000
Community centers
20701 112th Ave, Cutler Bay, FL 33189-2205
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-6261869
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1971
Construction
CONCRETE
Total area
165,932 SF
Lot
15.26 ac (664,726 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
36-6007-000-0546
UPID
US18-6261869
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
$28.43M
Blend (final)
Blend
$32.02M
Owner & transaction history
Bh Electra Southland Part 2 LLC · 3 yrs held
Bh Electra Southland Part 2 LLC
since 2022
Last sale
$34.0M
3 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$49.3M
+4.6%
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 Cutler Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cutler Bay 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
$31,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$47,160,000
Current use
WAREHOUSE, STORAGE
$49,335,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$32.02M
Range $28.81M – $35.22M · ±10% · vs last sale $34.00M (Oct 24 2022)
Last sale anchor
$34.00M
Oct 24 2022
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
$193 / 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
$479,824
Tax year 2023
Assessed value
$26,689,040
Assessed 2023
Previous assessed
$2,026,432
+1,217.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$26,589,040
Assessed improvement
$100,000
Land market value
$26,589,040
Improvement market value
$100,000
Total market value
$26,689,040
Applied tax rate
3,600.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
165,932 SF
Lot
15.26 ac (664,726 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
36-6007-000-0546
UPID
US18-6261869
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Cutler Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cutler Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$47.2M
WAREHOUSE, STORAGE
Est. value
$49.3M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
15.26 ac
Current owner
From public records · entity-resolved
Bh Electra Southland Part 2 LLC
Entity
Mailing address
1331 S KILLIAN DR UNIT A, LAKE PARK, FL 33403-1988
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
$34,000,000
Bh Electra Southland Part 2 LLC
Seritage Src Finance LLC
Special Warranty Deed
$21,200,000 · Bi 85 LLC
Dec 13, 2019
—
Seritage Src Finance LLC
—
Grant Deed
related
$149,762,300 · Berkshire Hathaway Life Ins Co
Jul 17, 2015
—
Seritage Src Finance LLC
Seras Roebuck & Co
Deed
$102,500,000 · Jpmorgan Chase Bank NA
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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