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Property profile & analytics
OFF-MARKET
Outlet malls
495 Ludlam Dr Miami Springs, FL 33166-4940
Entity Owned
Free & Clear
Property ID
US18-9439531
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1964
Construction
CONCRETE
Total area
2,624 SF
Lot
0.29 ac (12,700 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
05-3024-002-1070
UPID
US18-9439531
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
275 Enterprises INC
275 Enterprises INC
since 2026
7 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Miami Springs, FL
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 Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,871
Tax year 2023
Assessed value
$706,061
Assessed 2023
Previous assessed
$541,151
+30.5% YoY
Effective rate
1.96%
On assessed value
Assessed land
$571,500
Assessed improvement
$134,561
Land market value
$571,500
Improvement market value
$134,561
Total market value
$706,061
Applied tax rate
500.0000
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,624 SF
Lot
0.29 ac (12,700 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
05-3024-002-1070
UPID
US18-9439531
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Miami Springs, FLZoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · Miami Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Map
Building & site characteristics
From public records
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
275 Enterprises INC
Entity
Free & Clear · 0 yrs held
Mailing address
495 LUDLAM DR, MIAMI SPRINGS, FL 33166-4940
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
275 Enterprises INC
Peg 380 LLC
Warranty Deed
—
Nov 12, 2025
$1,075,000
Peg 380 LLC
Clerks LLC
Warranty Deed
$177,302 · Rajwant Kaur Etux
Aug 27, 2025
—
Clerks LLC
—
Deed
related
$250,000 · Rajwant Kaur Etux
Jun 18, 2025
$850,000
Clerks LLC
Raja & Pretti LLC
Warranty Deed
$437,500 · Ocean Bank
Jun 18, 2025
—
Clerks LLC
—
Deed
related
$350,000 · Ocean Bank
Mar 11, 2008
$553,000
Raja & Pretti LLC
Awad Baig INC
Warranty Deed
$632,000 · Cit Lending Services Corp
May 2, 2002
$180,000
Awas Baig INC
Harris Associates Ltd
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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