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Property profile & analytics
OFF-MARKET
Estimated value
$26,425,000
Office buildings
300 71st St Miami Beach, FL 33141-3038
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3572545
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE
Total area
66,022 SF
Lot
0.29 ac (12,625 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3211-002-0930
UPID
US18-3572545
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
$31.08M
Comparable Approach
Comparable
$23.53M
Blend (final)
Blend
$26.43M
Owner & transaction history
Miami Beach Town Center Jv LLC · 4 yrs held
Miami Beach Town Center Jv LLC
since 2021
Last sale
$24.6M
3 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$28,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,670,000
6.5%
$31,080,000
7%
$28,860,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$43,165,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$37,260,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$26.43M
Range $23.78M – $29.07M · ±10% · vs last sale $24.59M (Dec 30 2021)
Last sale anchor
$24.59M
Dec 30 2021
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
$400 / 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
$105,453
Tax year 2023
Assessed value
$10,000,000
Assessed 2023
Previous assessed
$5,000,000
+100.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,787,500
Assessed improvement
$6,212,500
Land market value
$3,787,500
Improvement market value
$6,212,500
Total market value
$10,000,000
Applied tax rate
200.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
6
Total area
66,022 SF
Lot
0.29 ac (12,625 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3211-002-0930
UPID
US18-3572545
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$43.2M
RETAIL STORES
Est. value
$37.3M
AUTO REPAIR, GARAGE
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Lot
0.29 ac
Current owner
From public records · entity-resolved
Miami Beach Town Center Jv LLC
Entity
Free & Clear · 4 yrs held
Mailing address
20533 BISCAYNE BLVD #372, MIAMI, FL 33180-1529
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Miami Beach Town Center Jv LLC
North Beach Town Center Development
Intrafamily Transfer
related
—
Mar 14, 2017
$24,585,000
Oliveira Plaza Associates LLC
City Natl Bk Of Fl
Grant Deed
—
Apr 20, 2012
$360,000
City Natl Bk Of Fl
Meyers,renee
Grant Deed
—
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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