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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
257 Lucy St, Florida City, FL 33034-2502
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4388137
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
CONCRETE
Total area
4,980 SF
Lot
1.17 ac (51,058 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7919-001-0211
UPID
US18-4388137
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$860k
Owner & transaction history
257 East Lucy Street LLC · 1 yrs held
257 East Lucy Street LLC
since 2024
5 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+34.2%
Retail stores
$1.3M
+18.5%
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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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
$550,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,430,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$1,260,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$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
$14,803
Tax year 2023
Assessed value
$746,539
Assessed 2023
Previous assessed
$597,043
+25.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$510,580
Assessed improvement
$235,959
Land market value
$510,580
Improvement market value
$235,959
Total market value
$746,539
Applied tax rate
1,600.0000
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
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
4,980 SF
Lot
1.17 ac (51,058 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7919-001-0211
UPID
US18-4388137
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1967
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
257 East Lucy Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
126 CARIBBEAN DR, KEY LARGO, FL 33037-4319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 27, 2024
—
257 East Lucy Street LLC
Joseph G Ward III
Warranty Deed
—
Mar 1, 2013
$599,000
Ward Family Trust
Dion Rental Properties LLC
Warranty Deed
$399,000 · Dion Rental Properties LLC
May 16, 2012
$390,000
Dion Rental Properties LLC
Fabel Business Ents INC
Deed In Lieu Of Foreclosure
—
Aug 6, 2004
$750,000
Fabel Business Ents INC
Dion Rental Properties LLC
Warranty Deed
$500,000 · Dion Rental Properties LLC
Aug 7, 2003
—
Dion Rental Properties LLC
Dion,lawrence R
Quit Claim 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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