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Property profile & analytics
OFF-MARKET
Estimated value
$16,420,000
Commercial land
363 Granello Ave Coral Gables, FL 33146-1806
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1550287
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1941
Construction
CONCRETE
Total area
6,587 SF
Lot
1.68 ac (73,179 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
03-4120-019-0010
UPID
US18-1550287
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
$15.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.42M
Owner & transaction history
Lg Ponce III LLC · 14 yrs held
Lg Ponce III LLC
since 2012
Last sale
$20.0M
5 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Coral Gables, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$24.4M
+400.1%
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 Coral Gables submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Gables 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
by Request
ML approach
$15,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$24,355,000
Change: +400% · Conversion: Easy
Blend value · Realmo final
$16.42M
Range $14.78M – $18.06M · ±10% · vs last sale $20.00M (Jul 2 2020)
Last sale anchor
$20.00M
Jul 2 2020
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
$2,493 / 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
$278,718
Tax year 2023
Assessed value
$20,124,225
Assessed 2023
Previous assessed
$18,294,750
+10.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$20,124,225
Land market value
$20,124,225
Total market value
$20,124,225
Applied tax rate
300.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1941
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,587 SF
Lot
1.68 ac (73,179 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
03-4120-019-0010
UPID
US18-1550287
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Coral Gables, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Coral Gables, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$24.4M
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
1941
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Lg Ponce III LLC
Entity
Free & Clear · 14 yrs held
Mailing address
7 GIRALDA FARMS, MADISON, NJ 07940-1051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Feb 15, 2012
—
Lg Ponce III LLC
Dyl Merrick Park Holdings LLC
Quit Claim Deed
related
—
Feb 15, 2012
$15,847,700
Lg Ponce III LLC
Dyl Merrick Park Dev LLC
Grant Deed
—
Apr 27, 2007
$24,500,000
Dyl Merrick Park Dev LLC
Merrick-arc LLC
Grant Deed
related
$15,795,000 · Us Century Bank
Dec 27, 2004
$11,180,000
Merrick-arc LLC
Rouse-coral Gables LLC
Grant Deed
$8,776,500 · Us Century Bank
Jan 7, 2000
$1,000,000
Rouse Coral Gables INC
Rensan Co
Grant Deed
—
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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