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Property profile & analytics
OFF-MARKET
Estimated value
$3,260,000
Retail residential properties
3040 2nd Ave Miami, FL 33127-3700
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4567472
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1978
Construction
CONCRETE
Total area
12,173 SF
Lot
0.51 ac (22,051 SF)
Zoning code
6107:RESID-MEDIUM RETAIL
APN
01-3125-024-3190
UPID
US18-4567472
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
-
Lifestyle International Realty Wynwood Real Estate Agency
-
Popular laundry (Bike/Boat/Book/etc) Store
-
Robvi Multiservices Corp Tax Preparation
-
Bitcoin ATM Miami - Coinhub Atm Currency Exchange Service
-
The Kuticle Kueen LLC Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Westdale Wynwood LP · 10 yrs held
Westdale Wynwood LP
since 2016
5 recorded transactions
Zoning & alternative use
6107:RESID-MEDIUM 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,795,000
6.5%
$4,425,000
7%
$4,110,000
Blend value · Realmo final
$3.26M
Range $2.93M – $3.59M · ±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
$268 / 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
$59,637
Tax year 2023
Assessed value
$3,525,772
Assessed 2023
Previous assessed
$2,742,548
+28.6% YoY
Effective rate
1.69%
On assessed value
Assessed land
$2,935,125
Assessed improvement
$590,647
Land market value
$2,935,125
Improvement market value
$590,647
Total market value
$3,525,772
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1978
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
12,173 SF
Lot
0.51 ac (22,051 SF)
Zoning code
6107:RESID-MEDIUM RETAIL
APN
01-3125-024-3190
UPID
US18-4567472
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6107:RESID-MEDIUM RETAIL · Miami, FL
Zoning 6107:RESID-MEDIUM RETAIL · permitted uses
6107:RESID-MEDIUM 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
1978
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Westdale Wynwood LP
Entity
Mailing address
1900 DALROCK RD, ROWLETT, TX 75088-5526
Ownership since
2016
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
Jun 28, 2016
$3,000,000
Westdale Wynwood LP
Piloto,nelida
Warranty Deed
—
Jan 25, 2006
—
Almonte Supermarket Corp
—
Trustees Deed
related
$110,000 · Bt Market Corp
—
—
Luis R Piloto
—
Deed Of Trust
related
$640,000 · Commerce Bank NA
—
—
Luis R Piloto
—
Deed Of Trust
related
$603,061 · Mercantile Commerce Bank
—
—
Westdale Wynwood LP
—
Deed Of Trust
related
$14,000,000 · Westdale Props America I Ltd
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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