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Property profile & analytics
OFF-MARKET
Estimated value
$15,810,000
Bars & Pubs
2898 7th Ave, Miami, FL 33127-3807
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3052799
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1925
Construction
CONCRETE
Total area
4,517 SF
Lot
0.12 ac (5,250 SF)
Zoning code
4801:RESID-LIMITED RETAIL
APN
01-3126-009-0540
UPID
US18-3052799
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.81M
Owner & transaction history
728 Nw 29th Street Realty LLC · 4 yrs held
728 Nw 29th Street Realty LLC
since 2022
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
4801:RESID-LIMITED RETAIL · 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
Method
Estimation
Statistic approach
$15,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.81M
Range $14.23M – $17.39M · ±10% · vs last sale $16.00M (Apr 29 2022)
Last sale anchor
$16.00M
Apr 29 2022
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
$3,500 / 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
$9,156
Tax year 2023
Assessed value
$445,428
Assessed 2023
Previous assessed
$419,178
+6.3% YoY
Effective rate
2.06%
On assessed value
Assessed land
$315,000
Assessed improvement
$130,428
Land market value
$315,000
Improvement market value
$130,428
Total market value
$445,428
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1925
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,517 SF
Lot
0.12 ac (5,250 SF)
Zoning code
4801:RESID-LIMITED RETAIL
APN
01-3126-009-0540
UPID
US18-3052799
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4801:RESID-LIMITED RETAIL · Miami, FL
Zoning 4801:RESID-LIMITED RETAIL · permitted uses
4801:RESID-LIMITED RETAIL · 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
1925
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
728 Nw 29th Street Realty LLC
Entity
Mailing address
19 W FLAGLER ST STE #310, MIAMI, FL 33130-4420
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Rosas One LLC
—
Deed
related
$350,000 · Louis J Terminello
Nov 7, 2022
—
728 Nw 29th Street Realty LLC
—
Deed
related
$49,256,450 · Bank Of America NA
Apr 29, 2022
$16,000,000
728 Nw 29th Street Realty LLC
Ami LLC
Warranty Deed
—
Dec 2, 2021
—
Taberna Las Rosas LLC
—
Deed
related
$255,000 · Louis J Terminello
Aug 9, 2017
—
Wynwood West LLC
—
Grant Deed
related
$3,600,000 · Totalbank
Oct 30, 2014
$1,650,000
Wynwood West LLC|big Big Allapattah LLC
Laguna Floriberto Trust
Grant Deed
—
Aug 3, 2012
$127,600
Laguna Floriberto Trust
Laguna Floriberto
Grant Deed
related
$127,587 · Sabadell United Bank NA
—
—
Floriberto Laguna
—
Deed Of Trust
related
$130,000 · Transatlantic Bank
—
—
Floriberto Laguna
—
Deed Of Trust
related
$130,000 · Transatlantic Bank
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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