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Property profile & analytics
FOR SALE
Warehouses
2396 NW 96Th Ave Miami, FL 33172
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5240075
For Sale
1 / 82
$1,995,000
2396 NW 96Th Ave, Miami, FL 33172
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
CONCRETE
Total area
12,738 SF
Lot
0.86 ac (37,500 SF)
Zoning code
7600:INTENSIVE USE
APN
35-3033-008-0040
UPID
US18-5240075
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.20M
Owner & transaction history
Riona Holdings LLC · 6 yrs held
Riona Holdings LLC
since 2019
6 recorded transactions
Zoning & alternative use
7600:INTENSIVE USE · Doral, 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
$173 / 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
$42,061
Tax year 2023
Assessed value
$2,626,000
Assessed 2023
Previous assessed
$2,269,000
+15.7% YoY
Effective rate
1.60%
On assessed value
Assessed land
$736,650
Assessed improvement
$1,889,350
Land market value
$736,650
Improvement market value
$1,889,350
Total market value
$2,626,000
Applied tax rate
3,500.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,738 SF
Lot
0.86 ac (37,500 SF)
Zoning code
7600:INTENSIVE USE
APN
35-3033-008-0040
UPID
US18-5240075
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7600:INTENSIVE USE · Doral, FL
Zoning 7600:INTENSIVE USE · permitted uses
7600:INTENSIVE USE · Doral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Doral. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Riona Holdings LLC
Entity
Mailing address
6988 SW 47TH ST, MIAMI, FL 33155-4646
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 24, 2020
—
Riona Holdings LLC
—
Deed
related
$1,257,500 · City Nat'l Bk/fl
Oct 24, 2019
$2,320,700
Riona Holdings LLC
Cmr Doral LLC
Warranty Deed
$1,257,500 · City National Bank Of Florida
Mar 5, 2018
—
Cmr Doral LLC
Mrd Leon LLC
Warranty Deed
—
Oct 30, 2017
—
Eduardo M Fernandez
Fernandez,heidy
Quit Claim Deed
related
—
Aug 25, 2017
$1,774,000
Mrd Leon LLC
Swim N Sport Retail INC
Warranty Deed
—
—
—
Riona Holdings LLC
—
Deed Of Trust
related
$1,257,500 · City Nat'l Bk/fl
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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