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Property profile & analytics
OFF-MARKET
Estimated value
$4,190,000
Amusement parks
2136 1st Ave Miami, FL 33127-4904
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-1555429
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1964
Construction
CONCRETE
Total area
44,171 SF
Lot
1.56 ac (68,023 SF)
Zoning code
6101
APN
01-3125-054-0190
UPID
US18-1555429
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
-
SAPAL Arts Organization Cultural Center
-
Bazbaz Development General Contractor
-
Ricardo Lazoff, FIP Commercial Real Estate, Metronomics Acquisition/Disposition Real Estate Agency
-
Dennis Vo - CMG Home Loans Loan Service Bank
-
FIP Realty Commercial Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
Soho LLC · 23 yrs held
Soho LLC
since 2002
5 recorded transactions
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.2M
+4.4%
Retail stores
$6.1M
+2.4%
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
RECREATIONAL/ENTERTAINMENT (GENERAL)
$5,920,000
Current use
INDUSTRIAL (GENERAL)
$6,180,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$6,065,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,870,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±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
$95 / 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
$210,589
Tax year 2023
Assessed value
$18,479,458
Assessed 2023
Previous assessed
$17,035,409
+8.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$17,345,865
Assessed improvement
$1,133,593
Land market value
$17,345,865
Improvement market value
$1,133,593
Total market value
$18,479,458
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
44,171 SF
Lot
1.56 ac (68,023 SF)
Zoning code
6101
APN
01-3125-054-0190
UPID
US18-1555429
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FL
Zoning 6101 · permitted uses
6101 · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$4.9M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Soho LLC
Entity
Mailing address
2627 NE 203RD ST STE #202, AVENTURA, FL 33180-1946
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
—
Soho LLC
—
Deed
related
$22,500,000 · South State Bank NA
Jan 4, 2018
—
Soho LLC
—
Deed
related
$16,000,000 · Marquis Bk
Aug 1, 2002
$671,300
Soho LLC
Deck Overlay Systems INC
Grant Deed
—
—
—
Soho LLC
—
Deed Of Trust
related
$2,700,000 · Colonial Bank
—
—
Soho LLC
—
Deed Of Trust
related
$16,000,000 · 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.
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