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Property profile & analytics
OFF-MARKET
Theaters & concert halls
355 Palm Dr Florida City, FL 33034-3509
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-6841388
Property profile
Verified
Property type
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Year built
2017
Total area
2,820 SF
Lot
8.73 ac (380,186 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7930-001-0180
UPID
US18-6841388
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
Bal Bay Realty Ltd · 10 yrs held
Bal Bay Realty Ltd
since 2015
6 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, 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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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
Tax billed
$89,638
Tax year 2023
Assessed value
$5,928,315
Assessed 2023
Previous assessed
$4,817,521
+23.1% YoY
Effective rate
1.51%
On assessed value
Assessed land
$3,041,488
Assessed improvement
$2,886,827
Land market value
$3,041,488
Improvement market value
$2,886,827
Total market value
$5,928,315
Applied tax rate
1,600.0000
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
Theaters & concert halls
Use group
ARENA, CONVENTION CENTER
Status
Off-Market
Year built
2017
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,820 SF
Lot
8.73 ac (380,186 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7930-001-0180
UPID
US18-6841388
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.73 ac
Current owner
From public records · entity-resolved
Bal Bay Realty Ltd
Entity
Free & Clear · 10 yrs held
Mailing address
2200 E 4TH AVE, HIALEAH, FL 33013-3284
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2015
$6,735,000
Bal Bay Realty Ltd
Ncg Florida City LLC
Grant Deed
—
Mar 7, 2014
—
Ncg Florida City LLC
Ncg Banco Sa
Quit Claim Deed
—
Jun 26, 2009
$10,365,100
Caja Deahorros Degalicia Caixa
Dolphin Ents LLC
Deed In Lieu Of Foreclosure
related
—
Oct 20, 2004
—
Dolphin Ents LLC
Api Properties 299 LLC
Warranty Deed
related
—
Dec 4, 2003
$2,000,000
Api Properties 299 LLC
Efem Corp
Grant Deed
—
—
—
Dolphin Ents LLC
—
Deed Of Trust
related
$1,600,000 · Transatlantic Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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