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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Commercial land
540 123rd St, North Miami, FL 33161
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0800439
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.21 ac (8,957 SF)
Zoning code
3700:MULTI-FAM,10-21 U/A
APN
06-2230-031-0010
UPID
US19-0800439
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
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Botanik Venture LLC · 2 yrs held
Botanik Venture LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
3700:MULTI-FAM,10-21 U/A · North 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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$960,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.40M (Oct 17 2023)
Last sale anchor
$1.40M
Oct 17 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
—
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
$6,980
Tax year 2023
Assessed value
$313,495
Assessed 2023
Previous assessed
$171,974
+82.3% YoY
Effective rate
2.23%
On assessed value
Assessed land
$313,495
Land market value
$313,495
Total market value
$313,495
Applied tax rate
600.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.21 ac (8,957 SF)
Zoning code
3700:MULTI-FAM,10-21 U/A
APN
06-2230-031-0010
UPID
US19-0800439
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3700:MULTI-FAM,10-21 U/A · North Miami, FL
Zoning 3700:MULTI-FAM,10-21 U/A · permitted uses
3700:MULTI-FAM,10-21 U/A · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Botanik Venture LLC
Entity
Free & Clear · 2 yrs held
Mailing address
156 NW 89TH ST, EL PORTAL, FL 33150-2434
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$1,400,000
Botanik Venture LLC
Buona Vista A1 LLC
Warranty Deed
—
Mar 24, 2022
$881,250
Buona Vista A1 LLC
West Bank Investment LLC
Warranty Deed
$750,000 · Aaron Tiram
Jul 30, 2014
$160,000
West Bank Investment LLC
Cl Real Estate Holdings LLC
Grant Deed
—
Jun 19, 2013
$19,500
Cl Real Estate Holdings LLC
Homeowners Asset Group LLC
Warranty Deed
—
Jul 7, 2005
$136,990
Homeowners Asset Group LLC
Clerk Of Circuit Court/dade Cnty
Trustees Deed
related
—
Jan 24, 2005
—
D & S Capital Investment INC
Montebello Intl Holdings INC
Quit Claim Deed
related
—
Nov 12, 2004
—
D & S Capital Investment INC
Montebello Inv Holdings INC
Quit Claim Deed
related
—
Jun 26, 2001
—
Mutual Home Loans Washington
Valsaint,yvenel
Trustees 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.
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