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Property profile & analytics
OFF-MARKET
Estimated value
$207,770,000
Retail residential properties
412 22nd St Miami, FL 33137
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5678051
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2021
Construction
CONCRETE
Total area
570,694 SF
Lot
1.37 ac (59,587 SF)
Zoning code
4604
APN
01-3230-109-0010
UPID
US18-5678051
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
-
Mill Creek Residential Apartment Building
-
Preschool in Edgewater High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$207.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$207.77M
Owner & transaction history
2150 N Bayshore LLC · 4 yrs held
2150 N Bayshore LLC
since 2022
Last sale
$210.4M
2 recorded transactions
Zoning & alternative use
4604 · 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
$202,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$224,710,000
6.5%
$207,425,000
7%
$192,610,000
Blend value · Realmo final
$207.77M
Range $186.99M – $228.55M · ±10% · vs last sale $210.37M (Jun 13 2022)
Last sale anchor
$210.37M
Jun 13 2022
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
$364 / 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
$3,432,919
Tax year 2023
Assessed value
$167,000,000
Assessed 2023
Previous assessed
$108,330,443
+54.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$22,345,125
Assessed improvement
$144,654,875
Land market value
$22,345,125
Improvement market value
$144,654,875
Total market value
$167,000,000
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
2021
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
28
Units
296
Total area
570,694 SF
Lot
1.37 ac (59,587 SF)
Zoning code
4604
APN
01-3230-109-0010
UPID
US18-5678051
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4604 · Miami, FL
Zoning 4604 · permitted uses
4604 · 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
2021
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
28
Units
296
Lot
1.37 ac
Current owner
From public records · entity-resolved
2150 N Bayshore LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4582 S ULSTER ST STE #1700, DENVER, CO 80237-2641
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
2150 N Bayshore LLC
—
Deed
related
$295,000,000 · Wells Fargo Bank NA
Jun 13, 2022
$210,367,000
2150 N Bayshore LLC
412 Ne 22nd Street Apartments Invr
Special Warranty 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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