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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
6001 70th Stcu-103 South Miami, FL 33143-3405
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1538129
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
934 SF
Zoning code
RES/COMMERCL 2 STORY MAX
APN
09-4025-079-2970
UPID
US18-1538129
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
$645k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$422k
Blend (final)
Blend
$645k
Owner & transaction history
Affogato LLC · 1 yrs held
Affogato LLC
since 2024
Last sale
$646,500
7 recorded transactions
Zoning & alternative use
RES/COMMERCL 2 STORY MAX · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+29.2%
Auto repair, garage
$610,000
+14.3%
Office building
$610,000
+13.9%
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
$645,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
COMMERCIAL (GENERAL)
$690,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $647k (Nov 13 2024)
Last sale anchor
$647k
Nov 13 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
$691 / 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
$5,885
Tax year 2023
Assessed value
$354,920
Assessed 2023
Previous assessed
$224,160
+58.3% YoY
Effective rate
1.66%
On assessed value
Total market value
$354,920
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
NONE
Total area
934 SF
Zoning code
RES/COMMERCL 2 STORY MAX
APN
09-4025-079-2970
UPID
US18-1538129
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
RES/COMMERCL 2 STORY MAX · South Miami, FL
Zoning RES/COMMERCL 2 STORY MAX · permitted uses
RES/COMMERCL 2 STORY MAX · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING
Est. value
$610,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
2004
Heating
NONE
Current owner
From public records · entity-resolved
Affogato LLC
Entity
Mailing address
16538 SW 81ST TER, MIAMI, FL 33193-5757
Ownership since
2024
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
Nov 13, 2024
$646,500
Affogato LLC
Agnis Mavis LLC
Warranty Deed
—
Sep 8, 2021
—
Agnis Mavis LLC
—
Deed
related
$110,000 · Sunstate Bank
Feb 16, 2017
—
Agnis Mavis LLC
—
Deed
related
$100,000
Feb 7, 2017
—
Agnis Mavis LLC
Graham,basil S
Quit Claim Deed
related
—
Aug 14, 2006
$303,900
Basil S Graham
Valencia South Miami LLC
Grant Deed
$228,000 · Us Century Bank
—
—
Basil S Graham
—
Deed Of Trust
related
$25,000 · Us Century Bank
—
—
Basil S Graham
—
Deed Of Trust
related
$50,000 · Alejandro Vazquez
—
—
Agnis Mavis LLC
—
Deed Of Trust
related
$100,000
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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