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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Office buildings
600 183rd St Miami Gardens, FL 33169-4470
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-0310779
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1972
Construction
CONCRETE
Total area
12,863 SF
Lot
0.46 ac (19,926 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2112-024-0020
UPID
US18-0310779
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.45M
Owner & transaction history
Mortgage Experts Of South Florida I · 4 yrs held
Mortgage Experts Of South Florida I
since 2022
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.8M
+19.5%
Neighborhood: shopping center
$3.7M
+14.3%
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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,200,000
Current use
WAREHOUSE, STORAGE
$3,825,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,655,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10%
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
$190 / 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
$31,129
Tax year 2023
Assessed value
$1,350,000
Assessed 2023
Previous assessed
$1,270,000
+6.3% YoY
Effective rate
2.31%
On assessed value
Assessed land
$498,150
Assessed improvement
$851,850
Land market value
$498,150
Improvement market value
$851,850
Total market value
$1,350,000
Applied tax rate
3,400.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
12,863 SF
Lot
0.46 ac (19,926 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2112-024-0020
UPID
US18-0310779
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FLZoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mortgage Experts Of South Florida I
Individual
Free & Clear · 4 yrs held
Mailing address
600 NW 183RD ST, MIAMI, FL 33169-4470
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
Mortgage Experts Of South Florida I
The Experts LLC
Correction Deed
related
—
Jul 21, 2020
—
Mortgage Experts Of S Fl
—
Deed
related
$267,000 · Pacific Nat'l Bk
Aug 21, 2018
—
Mortgage Experts Of S Fl
—
Loan Modification
related
$1,400,000 · Pacific Nat'l Bk
Jun 3, 2008
—
Mortgage Experts Of South Florida
Experts LLC
Quit Claim Deed
related
—
Jan 15, 2008
—
Experts LLC
Mortgage Experts Of South Florida
Quit Claim Deed
related
—
Jun 20, 2003
$675,000
Mortgage Experts Of South Fl
South Florida Board Of Realtis
Grant Deed
related
$604,000 · International Bank Of Miami
Jan 12, 2000
$435,000
South Florida Board Of Real
Baker,bob & Doris
Grant Deed
$427,000 · Seller
—
—
Experts Of South Florida INC
—
Deed Of Trust
related
$390,000 · Pacific National Bank
—
—
Mortgage Experts Of S Fl
—
Deed Of Trust
related
$267,000 · Pacific Nat'l Bk
—
—
Mortgage Experts Of S Fl
—
Deed Of Trust
related
$582,453 · Pacific National Bank
—
—
Mortgage Experts Of S Fl
—
Deed Of Trust
related
$50,000 · Pacific National 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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