Entity Owned Property summary
AI-generated overview
This exceptional 1,323 square foot retail space is located at 2196 Ali Baba Ave in Opa-locka, Florida, 33054. The property is a single-tenant unit within a building containing only one suite, offering complete autonomy and control. Its zoning classification is 6300. The APN is 08-21-22-003-1960. Situated on a prominent corner lot, this retail space boasts high visibility and significant foot traffic, making it ideal for a variety of businesses. The high exposure ensures maximum brand recognition and customer reach. The flexible space is suitable for a wide range of uses, from retail establishments and restaurants to professional service providers. The property presents endless possibilities for entrepreneurs seeking a prime location to establish or expand their business. This is a fantastic opportunity to secure a well-positioned retail space in a thriving community. The property's location offers easy access to major transportation routes and ample parking, ensuring convenient access for both customers and employees. Don't miss this chance to lease this exceptional retail space.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1946
Construction
CONCRETE
Total area
778 SF
Lot
0.35 ac (15,231 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
08-2122-003-1960
UPID
US18-1585384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
-
Apartment Complex
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$390k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
since 2020
Last sale
$503,000
1 recorded transaction
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Opa Locka, FL
Top alternative use upside
Commercial (general)
$575,000
+29.2%
Office building
$530,000
+19.2%
Auto repair, garage
$510,000
+14.3%
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.
All 10 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$680k
Value range
$612k – $748k
±10% around blend
Estimated value / SF
$874 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$612k
blend $680k
$748k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
778 SF
Lot area
0.35 ac
Year built
1946
Stories
1
APN
08-2122-003-1960
Zoning
6300:COMMERCIAL,RESTRICT
Assessed value
$426,030
Annual tax
$10,766
3
Income approach: direct capitalization
Partial preview
Income approach indication
$390k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$425k
@ 6.5% CAP return
$390k
@ 7% CAP return
$365k
4
Sales comparison
Partial preview
Sales approach indication
$542k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.5 mi away · 750 SF
13.9 mi away · 800 SF
14.2 mi away · 800 SF
14.2 mi away · 640 SF
14.2 mi away · 800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$680k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 997 sales
$572
+53%
County 1136 sales
$507
+72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $874/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+29%
vs current-use indication
Office Building
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.70%
Implied, in-place cap rate for this outlet malls
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 · 3.70%
9.0%
NOI (est.)
$35k *
Last sale · Oct 2020
$503k
* 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$952k
Move the market yield to see immediate price impact.
Value / SF
$1,223
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
3.20%3.70%4.20%
$32k
$990k
$856k
$755k
$35k
$1.10M
$952k
$838k
$39k
$1.21M
$1.05M
$922k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$850k
4.1 mi · Jan 2026 · $1,466/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,766
Tax year 2023
Assessed value
$426,030
Assessed 2023
Previous assessed
$365,106
+16.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$182,772
Assessed improvement
$243,258
Land market value
$182,772
Improvement market value
$243,258
Total market value
$426,030
Applied tax rate
800.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1946
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
1
Bathrooms
20
Total area
778 SF
Lot
0.35 ac (15,231 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
08-2122-003-1960
UPID
US18-1585384
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Opa Locka, FLZoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · Opa Locka, 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
1946
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
4
Bathrooms
20
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6300:COMMERCIAL,RESTRICT
Jurisdiction
Opa Locka, FL
Recorded code
6300:COMMERCIAL,RESTRICT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6300:COMMERCIAL,RESTRICT in Opa Locka, 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.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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