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Property profile & analytics
OFF-MARKET
Retail residential properties
21 39th St, Miami, FL 33137-3629
Entity Owned
Free & Clear
Property ID
US18-1573620
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1972
Construction
CONCRETE
Total area
8,296 SF
Lot
1.07 ac (46,767 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-029-0080
UPID
US18-1573620
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
-
Pan American Art Projects Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3900 Nma Mdd LLC
3900 Nma Mdd LLC
since 2025
Last sale
$90.4M
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$763,149
Tax year 2023
Assessed value
$37,124,621
Assessed 2023
Previous assessed
$7,596,796
+388.7% YoY
Effective rate
2.06%
On assessed value
Assessed land
$35,075,250
Assessed improvement
$2,049,371
Land market value
$35,075,250
Improvement market value
$2,049,371
Total market value
$37,124,621
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
8,296 SF
Lot
1.07 ac (46,767 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-029-0080
UPID
US18-1573620
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · 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.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
1.07 ac
Current owner
From public records · entity-resolved
3900 Nma Mdd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
645 MADISON AVE #401, NEW YORK, NY 10022-1010
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
3900 Nma Mdd LLC
Sunking LLC
Special Warranty Deed
—
Dec 28, 2022
$90,350,000
Rfd North 39 LLC
Rs Jz 21 Ne 39th LLC
Special Warranty Deed
$133,000,000 · Acrefi Mortgage Lending LLC
Feb 8, 2022
—
Restoration Hardware INC
Rs Jz 21 Ne 39th LLC
Lease
—
Oct 8, 2020
—
Sun King LLC
—
Deed
related
$35,000,000 · City Nat'l Bk/fl
Jul 18, 2018
—
Rs Jz 21 Ne 39th LLC
Gator Decorators INC
Quit Claim Deed
related
—
Feb 13, 2017
—
Sun King LLC
—
Grant Deed
related
$35,000,000 · City Nat'l Bk/fl
Jun 17, 2016
—
Rs Jz 21 Ne 39th LLC
—
Deed
related
$185,227,364 · Acrefi Holdings J-i LLC
Jun 30, 2015
$24,000,000
Rs Jz 21 Ne 39th LLC
Mac Dd LLC
Grant Deed
—
Jul 30, 2013
—
Fcaa LLC
—
Deed Of Trust
related
$50,000,000 · Breds II Loan Holdings LLC
Aug 2, 2011
$42,570
Mac Dd LLC
Baymar Hotels & Properties INC
Warranty Deed
$3,100,000 · Wells Fargo Bank NA
Jun 14, 2001
$1,150,000
Baymar Hotels & Properties INC
Curran,robert G
Grant Deed
—
Jun 14, 2001
—
Robert G Curran
Tryumph Management Corp
Quit Claim Deed
related
—
—
—
Rs Jz 21 Ne 39th LLC
—
Loan Modification
related
$2,934,906 · Acrefi Holdings J-i LLC
—
—
Rs Jz 21 Ne 39th LLC
—
Loan Modification
related
$177,500,000 · Private Individual
—
—
Rs Jz 21 Ne 39th LLC
—
Loan Modification
related
$84,000,000 · Private Individual
—
—
Rs Jz 21 Ne 39th LLC
—
Loan Modification
related
$185,227,364 · Acrefi Holdings J-i LLC
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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