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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Outlet malls
421 Lincoln Rd Miami Beach, FL 33139-3002
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7296587
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1940
Construction
CONCRETE
Total area
14,860 SF
Lot
0.24 ac (10,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-005-0120
UPID
US18-7296587
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
$4.51M
Blend (final)
Blend
$4.04M
Owner & transaction history
Med Properties Of Miami Bch INC · 9 yrs held
Med Properties Of Miami Bch INC
since 2016
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · 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
$4.04M
Range $3.64M – $4.44M · ±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
$272 / 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
$296,210
Tax year 2023
Assessed value
$16,600,000
Assessed 2023
Previous assessed
$16,600,000
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$8,400,000
Assessed improvement
$8,200,000
Land market value
$8,400,000
Improvement market value
$8,200,000
Total market value
$16,600,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1940
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
2
Total area
14,860 SF
Lot
0.24 ac (10,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-005-0120
UPID
US18-7296587
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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
1940
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Med Properties Of Miami Bch INC
Entity
Mailing address
4100 N 28TH TER, HOLLYWOOD, FL 33020-1116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2016
—
Med Properties Of Miami Bch INC
—
Deed
related
$19,800,000 · City Nat'l Bk/fl
Aug 26, 2016
—
Med Properties Of Miami Beach INC
—
Deed
related
$8,065,000 · City National Bank Of Florida
Jun 11, 2010
—
Med Properties Of Miami Bch INC
—
Deed Of Trust
related
$9,375,000 · Mercantil Commercebank
—
—
Med Properties Of Miami Beach
—
Deed Of Trust
related
$550,000 · Colonial Bank Fsb
—
—
Med Properties Of Miami Bch INC
—
Loan Modification
related
$8,682,768 · Mercantil Commercebank
—
—
Med Properties Of Miami Bch INC
—
Deed Of Trust
related
$881,750 · Regions Bank
—
—
Med Properties Of Miami Bch INC
—
Deed Of Trust
related
$3,091,035 · Regions Bank
—
—
Med Properties Of Miami Bch INC
—
Loan Modification
related
$19,800,000 · 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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