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Property profile & analytics
OFF-MARKET
Schools
351 118th St, Miami, FL 33168
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-1569002
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2005
Construction
CONCRETE
Total area
10,299 SF
Lot
1.35 ac (58,806 SF)
Zoning code
2300:ESTATES,1 ACRE
APN
30-4901-049-0010
UPID
US18-1569002
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
280 Nw 118 Avenue LLC · 21 yrs held
280 Nw 118 Avenue LLC
since 2005
5 recorded transactions
Zoning & alternative use
2300:ESTATES,1 ACRE · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
Assessed value
$1,527,895
Assessed 2023
Previous assessed
$1,541,556
-0.9% YoY
Assessed land
$498,326
Assessed improvement
$1,029,569
Land market value
$498,326
Improvement market value
$1,029,569
Total market value
$1,527,895
Applied tax rate
3,000.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
10,299 SF
Lot
1.35 ac (58,806 SF)
Zoning code
2300:ESTATES,1 ACRE
APN
30-4901-049-0010
UPID
US18-1569002
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
2300:ESTATES,1 ACRE · Miami, FL
Zoning 2300:ESTATES,1 ACRE · permitted uses
2300:ESTATES,1 ACRE · 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
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
280 Nw 118 Avenue LLC
Entity
Mailing address
2700 SW 8TH ST, MIAMI, FL 33135-4619
Ownership since
2005
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
Jan 2, 2019
—
Dp Real Estate Holdings LLC +
—
Loan Modification, Consolidation And Extension
related
$74,633,930 · Bankunited Fsb
Apr 26, 2017
—
Dp Real Estate Holdings LLC
—
Loan Modification
related
$53,204,929 · Bankunited Fsb
May 13, 2005
$2,300,000
280 Nw 118 Avenue LLC
Yo-yo Investments INC
Warranty Deed
$1,725,000 · Unibank
—
—
Dp Real Estate Holdings LLC
—
Deed Of Trust
related
$56,205,000 · Bankunited Fsb
—
—
Dp Real Estate Holdings LLC
—
Loan Modification
related
$55,768,930 · Bankunited Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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