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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Retail residential properties
4 Star Is Dr, Miami Beach, FL 33139-5147
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1752586
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1998
Construction
CONCRETE
Total area
4,057 SF
Lot
0.92 ac (40,000 SF)
Zoning code
2200:ESTATES,25000 SQ LOT
APN
02-4204-001-0040
UPID
US18-1752586
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
$837k
Blend (final)
Blend
$835k
Owner & transaction history
456 Star Island LLC · 1 yrs held
456 Star Island LLC
since 2024
6 recorded transactions
Zoning & alternative use
2200:ESTATES,25000 SQ LOT · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$206 / 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
$322,795
Tax year 2023
Assessed value
$20,752,670
Assessed 2023
Previous assessed
$19,102,366
+8.6% YoY
Effective rate
1.56%
On assessed value
Assessed land
$20,000,000
Assessed improvement
$752,670
Land market value
$20,000,000
Improvement market value
$752,670
Total market value
$20,752,670
Applied tax rate
200.0000
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
1998
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Bathrooms
3
Total area
4,057 SF
Lot
0.92 ac (40,000 SF)
Zoning code
2200:ESTATES,25000 SQ LOT
APN
02-4204-001-0040
UPID
US18-1752586
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
2200:ESTATES,25000 SQ LOT · Miami Beach, FL
Zoning 2200:ESTATES,25000 SQ LOT · permitted uses
2200:ESTATES,25000 SQ LOT · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Bathrooms
3
Lot
0.92 ac
Current owner
From public records · entity-resolved
456 Star Island LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1450 BRICKELL AVE FL #23, MIAMI, FL 33131-3456
Ownership since
2024
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 21, 2024
—
456 Star Island LLC
Brian L Bilzin
Deed
—
Jun 22, 2018
$16,500,000
Trust No 2401-3302-00
4 & 5 Star Island
Grant Deed
—
Jun 22, 2018
—
4 & 5 Star Island
Mitschke-collande,verena V
Grant Deed
related
—
Sep 28, 2017
$40,000,000
Verena Von Mitschke-colla
Skipworth Props Ltd Coc
Trustees Deed
—
Jul 16, 2001
$12,000,000
Skipworth Properties Ltd
Kramer,thomas
Grant Deed
$12,000,000 · Swisspartners Investment Netwo
—
—
Skipworth Properties Ltd
—
Deed Of Trust
related
$1,200,516 · Verena Vonmitschke-coll
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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