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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Outlet malls
580 Palm Dr, Florida City, FL 33034-3220
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-8727259
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Total area
9,542 SF
Lot
1.13 ac (49,306 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7824-007-1690
UPID
US18-8727259
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
$1.94M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.21M
Owner & transaction history
La Palma Drive LLC · 3 yrs held
La Palma Drive LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+31.9%
Office building
$2.9M
+21.1%
Neighborhood: shopping center
$2.7M
+13.2%
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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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
$1,945,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,420,000
Current use
COMMERCIAL (GENERAL)
$3,190,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$2,930,000
Change: +21% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,740,000
Change: +13% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,040,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.33M (Jun 8 2023)
Last sale anchor
$2.33M
Jun 8 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
$231 / 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
$36,693
Tax year 2023
Assessed value
$2,095,000
Assessed 2023
Previous assessed
$2,095,000
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,084,732
Assessed improvement
$1,010,268
Land market value
$1,084,732
Improvement market value
$1,010,268
Total market value
$2,095,000
Applied tax rate
1,600.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
CENTRAL
Total area
9,542 SF
Lot
1.13 ac (49,306 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7824-007-1690
UPID
US18-8727259
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2012
Heating
NONE
Cooling
Yes
Lot
1.13 ac
Current owner
From public records · entity-resolved
La Palma Drive LLC
Entity
Mailing address
210 DUVAL DR, MIAMI SPRINGS, FL 33166-5866
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
Jun 8, 2023
$2,326,000
La Palma Drive LLC
Ns Retail Holdings LLC
Special Warranty Deed
$420,000 · Intercredit Bank NA
Feb 22, 2021
$2,100,500
Ns Retail Holdings LLC
Dg5 Florida City 4 Guys LLC
Special Warranty Deed
—
Nov 26, 2018
—
Dg5 Florida City 4 Guys LLC
—
Deed
related
$1,365,263 · Bankunited Fsb
Dec 20, 2012
$2,150,000
Dg5 Florida City 4 Guys LLC
Fc Palm Drive LLC
Special Warranty Deed
$1,612,000 · Bankunited NA
Dec 19, 2011
—
Fc Palm Drive LLC
—
Deed Of Trust
related
$1,330,000 · Stonegate Bank
Dec 8, 2011
—
Fc Palm Drive LLC
Shiver,roy D
Warranty Deed
—
Jun 11, 2004
$100,000
Roy D Shiver
Rohrer,vernie O & Kimberly R
Grant Deed
—
—
—
Dg5 Florida City 4 Guys LLC
—
Loan Modification
related
$1,365,263 · Bankunited Fsb
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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