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Property profile & analytics
OFF-MARKET
Estimated value
$42,275,000
Community centers
3001-3161 160th Ave Miramar, FL 33027
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-9753400
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
CONCRETE
Total area
109,333 SF
Lot
15.27 ac (665,123 SF)
Zoning code
B2
APN
51-40-28-11-0022
UPID
US18-9753400
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
$42.28M
CAP Approach
CAP
$26.75M
Comparable Approach
Comparable
$30.28M
Blend (final)
Blend
$42.28M
Owner & transaction history
Rk Fountains Of Miramar LLC · 1 yrs held
Rk Fountains Of Miramar LLC
since 2024
Last sale
$42.3M
7 recorded transactions
Zoning & alternative use
B2 · Miramar, 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 Miramar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miramar 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
$42,275,000
ML approach
$42,275,000
CAP Approach
CAP Return
Estimation
6%
$28,980,000
6.5%
$26,750,000
7%
$24,840,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$64,355,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$62,035,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$42.28M
Range $38.05M – $46.50M · ±10% · vs last sale $42.28M (Nov 15 2024)
Last sale anchor
$42.28M
Nov 15 2024
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
$387 / 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
$957,500
Tax year 2023
Assessed value
$41,494,520
Assessed 2023
Previous assessed
$39,915,870
+4.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$5,487,270
Assessed improvement
$36,007,250
Land market value
$5,487,270
Improvement market value
$36,007,250
Total market value
$41,494,520
Applied tax rate
2,713.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
109,333 SF
Lot
15.27 ac (665,123 SF)
Zoning code
B2
APN
51-40-28-11-0022
UPID
US18-9753400
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B2 · Miramar, FL
Zoning B2 · permitted uses
B2 · Miramar, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miramar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$64.4M
OFFICE BUILDING
Est. value
$62.0M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2005
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
15.27 ac
Current owner
From public records · entity-resolved
Rk Fountains Of Miramar LLC
Entity
Mailing address
3550 LENOX RD NE STE #2000, ATLANTA, GA 30326-1811
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$42,275,000
Rk Fountains Of Miramar LLC
Gateway Miramar LLC
Special Warranty Deed
—
Jun 15, 2018
—
Gateway Miramar LLC
—
Deed
related
$20,000,000 · Miscellaneous Ins Co
Apr 30, 2018
$40,000,000
Gateway Miramar LLC
Bre Ddr Iva Miramar Fl LLC
Grant Deed
—
Feb 1, 2018
—
Bre Ddr Iva Miramar Fl LLC
—
Loan Modification
related
$130,100,000 · Wells Fargo Bk
Dec 5, 2016
—
Bre Ddr Iva Miramar Fl LLC
—
Deed
related
$109,500,000 · Wells Fargo Bk
Jun 10, 2016
—
Bre Ddr Iva Miramar Fl LLC
—
Deed
related
$79,500,000 · Wells Fargo Bk
Dec 30, 2015
$35,794,500
Bre Ddr Iva Miramar Fl LLC
Morris Miramar Associates LLC
Grant Deed
—
Jan 25, 2008
$39,500,000
Morris Miramar Associates LLC
Fountains Of Miramar LLC
Grant Deed
—
Aug 18, 2003
$5,650,700
Fountains Of Miramar LLC
Country Lakes LP
Grant Deed
$3,500,000 · Republic Bank
—
—
Bre Ddr Iva Miramar Fl LLC
—
Loan Modification
related
$79,500,000 · Wells Fargo Bk
—
—
Bre Ddr Iva Miramar Fl LLC
—
Loan Modification
related
$109,500,000 · Wells Fargo Bk
—
—
Gateway Miramar LLC
—
Deed Of Trust
related
$20,000,000 · Miscellaneous Ins Co
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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