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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Commercial land
3227 163rd St North Miami Beach, FL 33160-4437
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4530592
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1999
Construction
CONCRETE
Total area
8,999 SF
Lot
2.07 ac (90,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2215-001-0880
UPID
US18-4530592
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
by Request
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Canal Park Office 2 LLC · 9 yrs held
Canal Park Office 2 LLC
since 2016
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
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 North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,545,000
6.5%
$3,270,000
7%
$3,035,000
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$347 / 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
$78,412
Tax year 2023
Assessed value
$3,668,394
Assessed 2023
Previous assessed
$3,669,249
0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$68,394
Land market value
$3,600,000
Improvement market value
$68,394
Total market value
$3,668,394
Applied tax rate
700.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,999 SF
Lot
2.07 ac (90,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2215-001-0880
UPID
US18-4530592
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Canal Park Office 2 LLC
Entity
Mailing address
3323 NE 163RD ST PH #701, N MIAMI BEACH, FL 33160-5599
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2016
$11,500,000
Canal Park Office 2 LLC
Gold Capital LLC
Special Warranty Deed
$3,500,000 · Sabadell United Bank NA
Aug 25, 2016
—
Canal Park Office 2 LLC
Gold Capital LLC
Agreement Of Sale
—
Jan 10, 2014
—
Gold Capital LLC
Fae Holdings 417449r LLC
Re-recorded Document
related
—
Dec 26, 2013
—
Gold Capital LLC
Fae Holdings 417449r LLC
Quit Claim Deed
related
—
Jun 24, 2013
$4,350,000
Fae Holdings 417449r LLC
Interstate Nmb Corp
Special Warranty Deed
—
Jul 7, 1998
$10,000
Interstate Nmb Corp
Weitman,marla S
Trustees Deed
—
Jul 7, 1998
$89,900
Interstate Nmb Corp
Baumann,harry
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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