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Property profile & analytics
OFF-MARKET
Estimated value
$73,755,000
Super regional malls
5701 Sunset Dr South Miami, FL 33143-5348
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-6108333
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1999
Total area
516,656 SF
Lot
9.68 ac (421,639 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
09-4025-031-0060
UPID
US18-6108333
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
$88.53M
Blend (final)
Blend
$73.76M
Owner & transaction history
Sunset Opportunities B1 LLC · 5 yrs held
Sunset Opportunities B1 LLC
since 2021
Last sale
$65.5M
5 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · South 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 South Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$75,480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$73.76M
Range $66.38M – $81.13M · ±10% · vs last sale $65.50M (Jan 11 2021)
Last sale anchor
$65.50M
Jan 11 2021
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
$143 / 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
$1,200,513
Tax year 2023
Assessed value
$73,886,825
Assessed 2023
Previous assessed
$73,886,825
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$73,786,825
Assessed improvement
$100,000
Land market value
$73,786,825
Improvement market value
$100,000
Total market value
$73,886,825
Applied tax rate
900.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1999
Heating
NONE
Total area
516,656 SF
Lot
9.68 ac (421,639 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
09-4025-031-0060
UPID
US18-6108333
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · South Miami, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Lot
9.68 ac
Current owner
From public records · entity-resolved
Sunset Opportunities B1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5701 SUNSET DR STE #350, SOUTH MIAMI, FL 33143-5379
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
Sunset Opportunities B1 LLC
Frit Shops At Sunset Place Fee Owne
Quit Claim Deed
related
—
Jan 11, 2021
$65,500,000
Sunset Opportunities B1 LLC
Free Shops At Sunset Place Fee Owne
Special Warranty Deed
—
Oct 5, 2015
—
Frit Shops At Sunset Place Fee Owne
Bakery Associates Ltd
Quit Claim Deed
—
May 7, 2010
—
Shops At Sunset LLC
—
Grant Deed
related
$100,000,000 · J P Morgan Chase Com'l Mtg Sec
Dec 27, 2006
$250,000
Leith Antonacci-sandoval
North 25 LLC
Grant Deed
$100,000 · Wells Fargo Bank
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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