Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Retail space
55 Merrick Way# Coral Gables, FL 33134-5138
Entity Owned
Property ID
US18-1559926
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
1,663 SF
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4108-115-1690
UPID
US18-1559926
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
$1.20M
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
155 Grand Street Corp
155 Grand Street Corp
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+52.9%
Commercial (general)
$730,000
+2.9%
Medical building
$730,000
+2.7%
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 Coral Gables submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Gables 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,085,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$730,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Aug 7 2024)
Last sale anchor
$1.20M
Aug 7 2024
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
$722 / 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
$11,932
Tax year 2023
Assessed value
$665,200
Assessed 2023
Previous assessed
$665,200
+0.0% YoY
Effective rate
1.79%
On assessed value
Total market value
$665,200
Applied tax rate
300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
NONE
Total area
1,663 SF
Zoning code
6400:COMMERCIAL,CENTRAL
APN
03-4108-115-1690
UPID
US18-1559926
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Coral Gables, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coral Gables. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$730,000
MEDICAL BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2008
Heating
NONE
Current owner
From public records · entity-resolved
155 Grand Street Corp
Entity
Mailing address
4277 INGRAHAM HWY1011A, MIAMI, FL 33133-6730
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2025
$4,150,000
155 Grand Street Corp
Badajoz Investments LLC
Special Warranty Deed
$2,400,000 · Midflorida Cu
Jul 17, 2025
$1,570,000
Lepetitspa LLC
R 14 Merrick 55 LLC
Warranty Deed
—
Aug 7, 2024
$1,200,000
787 Gables LLC
Castanha Xii LLC
Warranty Deed
$1,091,900 · Bank Of America NA
Dec 30, 2022
$1,440,000
Tffo LLC
Rally Capital Group LLC
Warranty Deed
—
May 2, 2022
$1,430,000
Rally Capital Group LLC
Manresa Holdings LLC
Warranty Deed
—
Aug 5, 2020
—
Badajoz Investments LLC
—
Deed
related
$2,766,229 · Terrabank NA
Apr 25, 2019
$1,750,000
Ocaquatics 5 LLC
Murs Gables LLC
Trust Deed
$1,266,500 · Bank Of America
Apr 12, 2018
—
Aldiusa Investments Corp
—
Deed
related
$410,000 · Mercantil Bk NA
Dec 29, 2017
—
Merand Group INC
Rodriguez,hernan
Quitclaim Deed
related
—
Sep 23, 2016
—
Manresa Holdings LLC
—
Deed
related
$735,000 · International Fin'l Bk
Sep 15, 2016
—
Castanha Xii LLC
—
Deed
related
$296,000 · Stonegate Bk
Jun 7, 2016
—
Antiquia LLC
—
Deed
related
$260,000 · Wells Fargo Bank NA
May 11, 2016
$775,000
Andraste Dental LLC
Giralda Holdings LLC
Warranty Deed
$828,000 · Compass Bank
Oct 6, 2015
$690,000
Castanha Xii LLC
Merrick 55 LLC
Warranty Deed
$370,000 · Stonegate Bank
Dec 3, 2007
$1,627,400
Merrick 55 LLC
Merrick Trust LLC
Special Warranty Deed
$900,000 · Community Bank Of Florida
—
—
Castanha Xii LLC
—
Loan Modification
related
$296,000 · Stonegate Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 55 Merrick Way#?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
