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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Amusement parks
31 10th St Miami, FL 33136
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3878161
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1936
Construction
CONCRETE
Total area
25,750 SF
Lot
0.71 ac (31,050 SF)
Zoning code
6412
APN
01-0101-070-1120
UPID
US18-3878161
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
$7.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.12M
Blend (final)
Blend
$6.27M
Owner & transaction history
Kobi Karp · 5 yrs held
Kobi Karp
since 2021
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
6412 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+110.5%
Industrial (general)
$4.4M
+27.0%
Auto repair, garage
$4.0M
+15.5%
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
$7,165,000
ML approach
$7,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,265,000
Change: +111% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,385,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,985,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10% · vs last sale $5.50M (Jan 11 2021)
Last sale anchor
$5.50M
Jan 11 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
$243 / 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
$209,005
Tax year 2023
Assessed value
$14,879,645
Assessed 2023
Previous assessed
$11,001,010
+35.3% YoY
Effective rate
1.40%
On assessed value
Assessed land
$13,972,500
Assessed improvement
$907,145
Land market value
$13,972,500
Improvement market value
$907,145
Total market value
$14,879,645
Applied tax rate
101.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1936
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
25,750 SF
Lot
0.71 ac (31,050 SF)
Zoning code
6412
APN
01-0101-070-1120
UPID
US18-3878161
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6412 · Miami, FL
Zoning 6412 · permitted uses
6412 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.3M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1936
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Kobi Karp
Individual
Mailing address
5080 BISCAYNE BLVDA, MIAMI, FL 33137-3218
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
$5,500,000
Kobi Karp
Sirius Realty Dev LLC
Grant Deed
—
Jan 14, 2008
—
Sirius Realty Dev INC
—
Trustees Deed
related
$1,500,000 · Mercantile Commerce Bank
Jul 19, 2005
$3,900,000
Sirius Realty Dev INC
1016-1018 North Miami LLC
Warranty Deed
—
Jul 19, 2005
$2,850,000
Sirius Realty Dev INC
Berolina Sa
Warranty Deed
—
Jun 2, 2004
—
1016-1018 North Miami LLC
Berolina Sa
Quit Claim Deed
related
—
Sep 19, 2003
$1,600,000
Sa Berolina
S & S Equipment Sales INC
Grant Deed
—
—
—
Sirius Realty Dev INC
—
Deed Of Trust
related
$1,500,000 · Mercantile Commerce 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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