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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Assisted living facilities
550 9th St, Miami Beach, FL 33139-5722
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-0341877
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1966
Construction
CONCRETE
Total area
52,133 SF
Lot
0.48 ac (20,873 SF)
Zoning code
9600:HOSPITALS
APN
02-4203-009-0100
UPID
US18-0341877
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
550 Ninth LLC · 8 yrs held
550 Ninth LLC
since 2018
7 recorded transactions
Zoning & alternative use
9600:HOSPITALS · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$40 / 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
$126,286
Tax year 2023
Assessed value
$7,335,244
Assessed 2023
Previous assessed
$7,335,244
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$7,305,550
Assessed improvement
$29,694
Land market value
$7,305,550
Improvement market value
$29,694
Total market value
$7,335,244
Applied tax rate
200.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
6
Units
196
Total area
52,133 SF
Lot
0.48 ac (20,873 SF)
Zoning code
9600:HOSPITALS
APN
02-4203-009-0100
UPID
US18-0341877
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
9600:HOSPITALS · Miami Beach, FL
Zoning 9600:HOSPITALS · permitted uses
9600:HOSPITALS · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Units
196
Lot
0.48 ac
Current owner
From public records · entity-resolved
550 Ninth LLC
Entity
Mailing address
5151 COLLINS AVE PH H, MIAMI BEACH, FL 33140-2717
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
—
550 Ninth LLC
—
Deed
related
$4,500,000 · Northeast Bank
Jul 3, 2019
—
550 Ninth LLC
—
Deed
related
$1,000,000 · Marquis Bk
Jul 24, 2018
—
550 Ninth LLC
—
Deed
related
$500,000 · Marquis Bk
Feb 14, 2018
$17,625,000
550 Ninth LLC
Adme Real Estate LLC
Grant Deed
—
Sep 19, 2006
$9,668,800
Adme Real Estate LLC
Adme Investment Partners Ltd
Warranty Deed
$9,668,774 · Lasalle National Bank
—
—
Adme Real Estate LLC
—
Loan Modification
related
$18,691,340 · Bank Of America
—
—
550 Ninth LLC
—
Loan Modification
related
$1,000,000 · Marquis Bk
—
—
Adme Real Estate LLC
—
Deed Of Trust
related
$5,022,500 · Lasalle National Bank
—
—
550 Ninth LLC
—
Deed Of Trust
related
$500,000 · Marquis 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.
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