New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,785,000
Office buildings
331 13th St Miami, FL 33136
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4168559
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1959
Construction
CONCRETE
Total area
9,762 SF
Lot
0.48 ac (20,800 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3136-037-0090
UPID
US18-4168559
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
$2.98M
CAP Approach
CAP
$4.60M
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$3.79M
Owner & transaction history
Southeast Overtown Park West Cmnty · 2 yrs held
Southeast Overtown Park West Cmnty
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · 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
$3,075,000
ML approach
$2,975,000
CAP Approach
CAP Return
Estimation
6%
$4,980,000
6.5%
$4,595,000
7%
$4,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,585,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.79M
Range $3.41M – $4.16M · ±10% · vs last sale $3.94M (Sep 11 2023)
Last sale anchor
$3.94M
Sep 11 2023
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
$388 / 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
$37,628
Tax year 2023
Assessed value
$1,830,468
Assessed 2023
Previous assessed
$1,726,468
+6.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,352,000
Assessed improvement
$478,468
Land market value
$1,352,000
Improvement market value
$478,468
Total market value
$1,830,468
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
9,762 SF
Lot
0.48 ac (20,800 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3136-037-0090
UPID
US18-4168559
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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
RETAIL STORES
Est. value
$5.6M
RETAIL STORES
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Southeast Overtown Park West Cmnty
Individual
Mailing address
819 NW 2ND AVE, MIAMI, FL 33136-3907
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Southeast Overtown Park West Cmnty
St John Institutional Msny Baptist
Agreement Of Sale
—
Sep 11, 2023
$3,935,000
Southeast Overtown Park West Cmnty
St John Institutional Msny Baptist
Special Warranty Deed
—
May 29, 2020
—
St John Instl Missionary Bapt
Sj Aquisitions & Dev LLC
Quit Claim Deed
related
—
Mar 19, 2018
—
Sj Aquisitions & Dev LLC
St John Instl Missionary Bapt
Quit Claim Deed
related
—
Oct 20, 2017
—
St John Instl Missionary Bapt
—
Deed
related
$300,000 · Yale Mtg Fndg
Jun 21, 2017
—
St John Institutional Missionary Ba
—
Deed
related
$400,000 · Yale Mortgage Funding LLC
Mar 8, 2017
—
St John Instl Missionary Bapt
—
Deed
related
$975,000 · Yale Mtg Fndg
—
—
St John Instl Missionary Bapt
—
Deed Of Trust
related
$387,500 · Yale Mtg Fndg
—
—
St John Instl Missionary Bapt
—
Deed Of Trust
related
$975,000 · Yale Mtg Fndg
—
—
St John Instl Missionary Bapt
—
Deed Of Trust
related
$300,000 · Yale Mtg Fndg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 331 13th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
