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Property profile & analytics
OFF-MARKET
Turn key restaurants
2390 2nd Ave, Miami, FL 33127-4302
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-0072646
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1941
Construction
CONCRETE
Total area
1,196 SF
Lot
0.11 ac (4,810 SF)
Zoning code
6101
APN
01-3125-034-0480
UPID
US18-0072646
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
-
Instive LLC Insurance Agency
-
Panther Coffee - Wynwood Cafe & Coffee Shop
-
Pipal Insurance Company Insurance Agency
-
BSA Manufacturing Business Management Consultant
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
Wynwood Properties LLC · 11 yrs held
Wynwood Properties LLC
since 2015
6 recorded transactions
Zoning & alternative use
6101 · 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
$49,476
Tax year 2023
Assessed value
$2,411,520
Assessed 2023
Previous assessed
$2,411,580
0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$2,405,000
Assessed improvement
$6,520
Land market value
$2,405,000
Improvement market value
$6,520
Total market value
$2,411,520
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1941
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,196 SF
Lot
0.11 ac (4,810 SF)
Zoning code
6101
APN
01-3125-034-0480
UPID
US18-0072646
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.
Building & site characteristics
From public records
Year built
1941
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Wynwood Properties LLC
Entity
Mailing address
310 NW 26TH ST STE B, MIAMI, FL 33127-4154
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2016
—
Wynwood Building LLC
—
Deed
related
$3,750,000 · Sabadell United Bk NA
Mar 4, 2015
$725,000
Wynwood Properties LLC
Ryder Norma V
Grant Deed
$580,000 · Ryder Norma Family Trust (pt)
May 13, 2011
—
Ryder Norma Family Trust
Ryder,norma
Quit Claim Deed
related
—
Feb 13, 2004
$65,000
Norma V Ryder
Newcomb Properties 5 LLC
Grant Deed
$44,735 · Newcomb Trust
Mar 15, 2000
$50,000
Fred W Newcomb
Rios,richard
Grant Deed
—
—
—
Wynwood Building LLC
—
Deed Of Trust
related
$3,750,000 · Sabadell United Bk 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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