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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Outlet malls
402 1st Ave Florida City, FL 33034-5010
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-8547067
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1957
Construction
CONCRETE
Total area
4,292 SF
Lot
0.6 ac (26,322 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7930-001-0291
UPID
US18-8547067
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
$998k
Blend (final)
Blend
$715k
Owner & transaction history
Bbl Investments Group Corp · 10 yrs held
Bbl Investments Group Corp
since 2015
7 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
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
Alternative Use
Use
Estimation
RETAIL STORES
$1,090,000
Current use
WAREHOUSE, STORAGE
$920,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$167 / 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
$13,855
Tax year 2023
Assessed value
$673,857
Assessed 2023
Previous assessed
$568,941
+18.4% YoY
Effective rate
2.06%
On assessed value
Assessed land
$473,796
Assessed improvement
$200,061
Land market value
$473,796
Improvement market value
$200,061
Total market value
$673,857
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,292 SF
Lot
0.6 ac (26,322 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
16-7930-001-0291
UPID
US18-8547067
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$920,000
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Bbl Investments Group Corp
Entity
Mailing address
14912 SW 104TH ST APT #49, MIAMI, FL 33196-3374
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
Got Liquor Corp
—
Deed
related
$6,718 · Lpc Fund LLC
Jul 21, 2021
—
Got Liquor Corp
—
Deed
related
$150,000 · Vicente Cruz Etal
Oct 27, 2016
—
Bbl Investments Group Corp
—
Deed
related
$735,000 · Bayview Ln Svcg
Aug 1, 2016
—
Macmillan Real Estate LLC
—
Deed
related
$13,700,000 · City Nat'l Bk/fl
Nov 3, 2015
$1,050,000
Bbl Investments Group Corp
Kavlar LLC
Warranty Deed
$630,000 · Lv Lndg
Nov 3, 2015
—
Kavlar Llce
Strano Brothers Ptshp
Warranty Deed
—
Dec 29, 2004
—
Kavlar LLC
Strano,vito
Warranty Deed
related
—
Apr 11, 2003
$6,500
Vito Strano
Strano Brothers Partnership
Grant Deed
related
—
—
—
Macmillan Real Estate LLC
—
Deed Of Trust
related
$13,700,000 · City Nat'l Bk/fl
—
—
Bbl Investments Group Corp
—
Deed Of Trust
related
$735,000 · Bayview Ln Svcg
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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