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Property profile & analytics
OFF-MARKET
Parking lots & garages
514 23rd St Miami, FL 33127
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-4970768
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1982
Lot
0.1 ac (4,500 SF)
Zoning code
6101
APN
01-3125-035-0560
UPID
US18-4970768
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
Melanie Holdings LLC · 14 yrs held
Melanie Holdings LLC
since 2011
7 recorded transactions
Zoning & alternative use
6101 · 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
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
$9,505
Tax year 2023
Assessed value
$1,241,685
Assessed 2023
Previous assessed
$904,253
+37.3% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,237,500
Assessed improvement
$4,185
Land market value
$1,237,500
Improvement market value
$4,185
Total market value
$1,241,685
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1982
Heating
NONE
Lot
0.1 ac (4,500 SF)
Zoning code
6101
APN
01-3125-035-0560
UPID
US18-4970768
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FL
Zoning 6101 · permitted uses
6101 · 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
1982
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Melanie Holdings LLC
Entity
Free & Clear · 14 yrs held
Mailing address
215 COLES ST, JERSEY CITY, NJ 07310-1301
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
Melanie Holdings LLC
—
Deed
related
$58,241,314 · Centennial Bank
Aug 14, 2020
—
Melanie Holdings LLC
—
Deed
related
$19,649,682 · Bank Ozk
Sep 16, 2011
—
Melanie Holdings LLC
—
Deed Of Trust
related
$6,370,000 · Banesco USA
Aug 2, 2011
—
Melanie Holdings LLC
Gold Horizon LLC
Grant Deed
—
Oct 5, 2005
$5,300,000
Gold Horizon LLC
Miami Fashion INC
Grant Deed
$4,200,000 · Miami Fashion INC
Aug 29, 2002
—
Miami Fashion INC
—
Deed Of Trust
related
$2,700,000 · Eagle National Bank
Jun 8, 1998
—
Miami Fashion INC
—
Deed Of Trust
related
$1,150,000 · International Bank Of Miami
—
—
Melanie Holdings LLC
—
Deed Of Trust
related
$21,500,000 · C1 Bk
—
—
Melanie Holdings LLC
—
Deed Of Trust
related
$20,000,000 · Doral Bk
—
—
Miami Fashion INC
—
Deed Of Trust
related
$200,000 · Eagle National Bank Of Miami
—
—
Melanie Holdings LLC
—
Loan Modification
related
$19,649,682 · Bank Ozk
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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