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Property profile & analytics
OFF-MARKET
Estimated value
$12,020,000
Parking lots & garages
35 1st St Miami, FL 33128
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5194619
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1967
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0110-060-1100
UPID
US18-5194619
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
-
Propark Inc. Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.02M
Owner & transaction history
49 Nw 1st Realty LLC · 5 yrs held
49 Nw 1st Realty LLC
since 2021
Last sale
$12.4M
4 recorded transactions
Zoning & alternative use
6401:COMMERCIAL · Miami, 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 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
$16,125,000
ML approach
$11,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.02M
Range $10.82M – $13.22M · ±10% · vs last sale $12.38M (Jul 13 2021)
Last sale anchor
$12.38M
Jul 13 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
—
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
$82,911
Tax year 2023
Assessed value
$5,256,188
Assessed 2023
Previous assessed
$4,881,188
+7.7% YoY
Effective rate
1.58%
On assessed value
Assessed land
$5,250,000
Assessed improvement
$6,188
Land market value
$5,250,000
Improvement market value
$6,188
Total market value
$5,256,188
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1967
Heating
NONE
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0110-060-1100
UPID
US18-5194619
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6401:COMMERCIAL · Miami, FLZoning 6401:COMMERCIAL · permitted uses
6401:COMMERCIAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
49 Nw 1st Realty LLC
Entity
Mailing address
318 NW 23RD ST, MIAMI, FL 33127-4318
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
$12,375,000
49 Nw 1st Realty LLC
49 Nw 1st Street LLC
Special Warranty Deed
$10,120,000 · Centennial Bank
Oct 3, 2013
$2,626,700
49 Nw 1st Street LLC
Peacock Lot 2 LLC
Special Warranty Deed
—
Nov 9, 2012
—
Peacock Lot 2 LLC
First Of Florida Corp
Warranty Deed
—
—
—
49 Nw 1st Street LLC
—
Loan Modification
related
$985,105 · City Nat'l Bk/fl
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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