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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Turn key restaurants
6091 8th St West Miami, FL 33144-5044
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4686450
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
CONCRETE
Total area
4,643 SF
Lot
0.29 ac (12,756 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4001-013-0270
UPID
US18-4686450
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
$3.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.47M
Owner & transaction history
Las Vinas Investments LLC · 3 yrs held
Las Vinas Investments LLC
since 2023
Last sale
$4.3M
2 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · West 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 West Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$3,335,000
ML approach
$3,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,445,000
Current use
COMMERCIAL (GENERAL)
$3,435,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,035,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,970,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10% · vs last sale $4.30M (May 23 2023)
Last sale anchor
$4.30M
May 23 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
$746 / 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
$24,530
Tax year 2023
Assessed value
$1,224,780
Assessed 2023
Previous assessed
$1,228,318
-0.3% YoY
Effective rate
2.00%
On assessed value
Assessed land
$956,700
Assessed improvement
$268,080
Land market value
$956,700
Improvement market value
$268,080
Total market value
$1,224,780
Applied tax rate
100.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,643 SF
Lot
0.29 ac (12,756 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-4001-013-0270
UPID
US18-4686450
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · West Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · West Miami, 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
RESTAURANT Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT 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
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Las Vinas Investments LLC
Entity
Mailing address
3935 E 4TH AVE, HIALEAH, FL 33013-2705
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$4,300,000
Las Vinas Investments LLC
La Palma Re Holdings LLC
Warranty Deed
$2,800,000 · La Palma Re Holdings LLC
Dec 7, 2012
—
La Palma Re Holdings LLC
Valls,felipe A
Warranty Deed
—
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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