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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Retail residential properties
3117 7th Ave Miami, FL 33127-3625
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3030670
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Construction
CONCRETE
Total area
2,192 SF
Lot
0.09 ac (3,821 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-3125-026-0240
UPID
US18-3030670
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
-
MY YUMMY KITCHEN Restaurant
-
Stix on Wheelz Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.76M
Owner & transaction history
3121 Nw 7th Ave LLC · 4 yrs held
3121 Nw 7th Ave LLC
since 2021
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · 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
$5,405,000
ML approach
$5,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±10% · vs last sale $4.15M (Jul 21 2021)
Last sale anchor
$4.15M
Jul 21 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
$2,172 / 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
$5,924
Tax year 2023
Assessed value
$411,632
Assessed 2023
Previous assessed
$354,317
+16.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$305,680
Assessed improvement
$105,952
Land market value
$305,680
Improvement market value
$105,952
Total market value
$411,632
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
1926
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,192 SF
Lot
0.09 ac (3,821 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-3125-026-0240
UPID
US18-3030670
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · 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
1926
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
3121 Nw 7th Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
26 W 17TH ST, NEW YORK, NY 10011-5710
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$4,150,000
3121 Nw 7th Ave LLC
Kindhcart Capital LLC
Warranty Deed
—
Feb 11, 2021
$1,650,000
Kindheart Capital LLC
7th Avenue Warehouses LLC
Warranty Deed
$650,000 · Warehouses LLC
Oct 1, 2014
$900,000
7th Avenue Warehouses LLC
177 Ne 23 St LLC
Grant Deed
—
Feb 18, 2014
$327,500
177 Ne 23 St LLC
Cabrera,martha
Grant Deed
—
May 6, 2008
$6,300,000
Vallejo Investments LLC
Savoy Dev LLC
Trustees Deed
$15,750,000 · Harvard Lndg Svcs
Jun 23, 2005
—
Lopez,martha C
Sherrill,christina
Warranty Deed
—
Jan 13, 2004
—
Sherrill,christina
Allyn Mar INC
Quit Claim Deed
related
—
—
—
177 Ne 23 St LLC
—
Deed Of Trust
related
$250,000 · Larry Wexler
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.
Try Rey
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