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Property profile & analytics
OFF-MARKET
Warehouses
2648 188th St Miami, FL 33180-2626
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0673752
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
CONCRETE
Total area
1,260 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6572
APN
30-2203-019-0070
UPID
US19-0673752
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
-
Sport Garage Usa Car Dealership
-
BM2 Realty Real Estate Agency
-
BM2 Property Management Real Estate Agency
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
Manaez LLC · 12 yrs held
Manaez LLC
since 2014
7 recorded transactions
Zoning & alternative use
6572 · 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
$29,766
Tax year 2023
Assessed value
$1,610,367
Assessed 2023
Previous assessed
$1,388,454
+16.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,350,000
Assessed improvement
$260,367
Land market value
$1,350,000
Improvement market value
$260,367
Total market value
$1,610,367
Applied tax rate
3,000.0000
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
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
2
Total area
1,260 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6572
APN
30-2203-019-0070
UPID
US19-0673752
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6572 · Miami, FL
Zoning 6572 · permitted uses
6572 · 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
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Manaez LLC
Entity
Mailing address
19950 W COUNTRY CLB DR STE #903, AVENTURA, FL 33180-4603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Ld Acquisition Company 7 LLC
—
Deed
related
$219,658,000 · Wilmington Trust NA
Sep 25, 2019
—
Ld Acquisition Co 9 LLC
—
Deed
related
—
Jul 15, 2014
$1,500,000
Manaez LLC
188th Street Properties LLC
Warranty Deed
$930,000 · Mercantil Commercebank
Feb 7, 2005
$1,600,000
188th Street Properties LLC
Rodriguez-wyche,daisy
Warranty Deed
$1,360,000 · Bank Of America
—
—
Ld Acquisition Co 9 LLC
—
Loan Modification
related
—
—
—
Ld Acquisition Co 9 LLC
—
Loan Modification
related
—
—
—
188th Street Properties LLC
—
Deed Of Trust
related
$1,020,000 · Bank Of America
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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