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Property profile & analytics
OFF-MARKET
Estimated value
$14,800,000
Amusement parks
2350 117th Pl Miami, FL 33182-1518
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-8380614
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
2018
Construction
HEAVY FRAME
Total area
467,411 SF
Lot
21.36 ac (930,578 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
25-3936-004-0015
UPID
US18-8380614
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
-
Robert Fernandez Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.80M
Owner & transaction history
Avr Miami Studios I LLC · 7 yrs held
Avr Miami Studios I LLC
since 2018
2 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · 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
$32 / 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
$1,176,308
Tax year 2023
Assessed value
$69,183,612
Assessed 2023
Previous assessed
$59,424,380
+16.4% YoY
Effective rate
1.70%
On assessed value
Assessed land
$23,264,450
Assessed improvement
$45,919,162
Land market value
$23,264,450
Improvement market value
$45,919,162
Total market value
$69,183,612
Applied tax rate
2,500.0000
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
2018
Construction
HEAVY FRAME
Heating
NONE
Cooling
AC.CHILLED WATER
Buildings
3
Stories
3
Total area
467,411 SF
Lot
21.36 ac (930,578 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
25-3936-004-0015
UPID
US18-8380614
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Miami, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT 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.
Building & site characteristics
From public records
Year built
2018
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
21.36 ac
Current owner
From public records · entity-resolved
Avr Miami Studios I LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1 EXECUTIVE BLVD, YONKERS, NY 10701-6822
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
$239,122,300
Avr Miami Studios I LLC
Tm Miami Fl Landlord LLC
Special Warranty Deed
—
Dec 14, 2018
—
Avr Miami Studios I LLC
Tm Miami Fl Landlord LLC
Grant Deed
related
—
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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