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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Automotive properties
340 23rd St Miami Beach, FL 33139-1716
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-6005803
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2020
Construction
CONCRETE
Total area
193,330 SF
Lot
0.26 ac (11,500 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
02-3226-001-0400
UPID
US18-6005803
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
City Of Miami Beach · 15 yrs held
City Of Miami Beach
since 2011
5 recorded transactions
Zoning & alternative use
8000:COMMUNITY FACILITY · 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 Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$34 / 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
Assessed value
$10,408,995
Assessed 2023
Previous assessed
$10,408,995
+0.0% YoY
Assessed land
$575,000
Assessed improvement
$9,833,995
Land market value
$575,000
Improvement market value
$9,833,995
Total market value
$10,408,995
Applied tax rate
200.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Stories
6
Total area
193,330 SF
Lot
0.26 ac (11,500 SF)
Zoning code
8000:COMMUNITY FACILITY
APN
02-3226-001-0400
UPID
US18-6005803
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
8000:COMMUNITY FACILITY · Miami Beach, FLZoning 8000:COMMUNITY FACILITY · permitted uses
8000:COMMUNITY FACILITY · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
NONE
Stories
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
City Of Miami Beach
Entity
Mailing address
1700 CONVENTION CTR DR, MIAMI BEACH, FL 33139-1819
Ownership since
2011
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
Apr 20, 2011
$4,875,000
City Of Miami Beach
Ball,nancy
Grant Deed
—
—
—
American Riviera R/e Co
—
Deed Of Trust
related
$600,000 · Bank Of Florida NA
—
—
American Riviera R/e Co
—
Deed Of Trust
related
$1,000,000 · Bank Of Florida Se
—
—
American Riviera R/e Co
—
Deed Of Trust
related
$999,360 · Bank Of Florida Se
—
—
American Riviera R/e Co
—
Deed Of Trust
related
$1,000,000 · Bank Of Florida Se
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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