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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Retail residential properties
3900 Miami Ave Miami, FL 33127-2918
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-8736035
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1947
Construction
CONCRETE
Total area
19,370 SF
Lot
0.26 ac (11,400 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-021-0580
UPID
US18-8736035
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
-
Miso Restaurant
-
ABSTRK Artist
-
Miami Symphony Orchestra Charitable Organization Social Service Agency
-
Deco One Interior Design Home Decor Store
-
William Keddell Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.04M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$7.45M
Owner & transaction history
Sun King LLC · 12 yrs held
Sun King LLC
since 2013
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,625,000
6.5%
$7,040,000
7%
$6,535,000
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10%
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
$385 / 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
$123,947
Tax year 2023
Assessed value
$9,680,000
Assessed 2023
Previous assessed
$7,900,000
+22.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$8,550,000
Assessed improvement
$1,130,000
Land market value
$8,550,000
Improvement market value
$1,130,000
Total market value
$9,680,000
Applied tax rate
100.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
6
Bathrooms
6
Total area
19,370 SF
Lot
0.26 ac (11,400 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-021-0580
UPID
US18-8736035
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · 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
1947
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
6
Bathrooms
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
Sun King LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3841 NE 2ND AVE STE #400, MIAMI, FL 33137-3699
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Sun King LLC
—
Deed
related
$35,000,000 · City Nat'l Bk/fl
Feb 13, 2017
—
Sun King LLC
—
Grant Deed
related
$35,000,000 · City Nat'l Bk/fl
Jul 30, 2013
—
Fcaa LLC
—
Deed Of Trust
related
$50,000,000 · Breds II Loan Holdings LLC
Jul 29, 2013
—
Sun King LLC
Dacra Design Assocs Del LLC
Grant Deed
—
Oct 3, 2012
—
39th St Del LLC
—
Deed Of Trust
related
$23,180,000 · Credit Agricole Corp & Inv Bk
Jan 18, 2012
—
39th St Del LLC
—
Deed Of Trust
related
$5,000,000 · Credit Agricole Corp & Inv Bk
Dec 5, 2011
—
39th St Del LLC
—
Deed Of Trust
related
$60,000,000 · Credit Agricole Corp & Inv Bk
Mar 8, 2011
—
39th St Del LLC
—
Deed Of Trust
related
$45,000,000 · Credit Agricole Corp & Inv Bk
—
—
Dacra Design Associates Del
—
Deed Of Trust
related
—
—
—
Sun King LLC
—
Loan Modification
related
$35,000,000 · 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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