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Property profile & analytics
FOR SALE
Community centers
5241 NW 87Th Ave D104 Doral, FL 33178
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8364139
For Sale
1 / 5
$575,000
5241 NW 87Th Ave,Unit D104, Doral, FL 33178
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2015
Total area
20,551 SF
Lot
2.88 ac (125,299 SF)
Zoning code
6119
APN
35-3022-036-0170
UPID
US18-8364139
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
Downtown Doral Retail Holdings LLC · 3 yrs held
Downtown Doral Retail Holdings LLC
since 2023
Last sale
$23,700
2 recorded transactions
Zoning & alternative use
6119 · Doral, 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 Doral submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Doral 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%
$6,595,000
6.5%
$6,085,000
7%
$5,650,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,840,000
Current use
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±10% · vs last sale $24k (Jun 20 2023)
Last sale anchor
$24k
Jun 20 2023
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
$224 / 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
$248,721
Tax year 2023
Assessed value
$27,740,000
Assessed 2023
Previous assessed
$27,740,000
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$7,142,043
Assessed improvement
$20,597,957
Land market value
$7,142,043
Improvement market value
$20,597,957
Total market value
$27,740,000
Applied tax rate
3,500.0000
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
Community centers
Use group
MINI-MALL
Status
For Sale
Year built
2015
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
20,551 SF
Lot
2.88 ac (125,299 SF)
Zoning code
6119
APN
35-3022-036-0170
UPID
US18-8364139
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6119 · Doral, FL
Zoning 6119 · permitted uses
6119 · Doral, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Doral. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.88 ac
Current owner
From public records · entity-resolved
Downtown Doral Retail Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2020 SALZEDO ST, CORAL GABLES, FL 33134-4358
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 20, 2023
$7,400
Downtown Doral Retail Holdings LLC
Downtown Doral Community Dev Dist
Special Warranty Deed
—
Jun 30, 2016
—
Parcel C2 Property LLC
Downtown Doral Retail Holdings
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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