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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Outlet malls
610 124th St North Miami, FL 33161-5523
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3196823
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1953
Construction
CONCRETE
Total area
6,480 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-032-0220
UPID
US18-3196823
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
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$990k
Owner & transaction history
Mc Properties Of South Florida INC · 2 yrs held
Mc Properties Of South Florida INC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North 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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$835,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $1.00M (Oct 26 2023)
Last sale anchor
$1.00M
Oct 26 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
$153 / 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
$13,006
Tax year 2023
Assessed value
$659,923
Assessed 2023
Previous assessed
$659,923
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$375,000
Assessed improvement
$284,923
Land market value
$375,000
Improvement market value
$284,923
Total market value
$659,923
Applied tax rate
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
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,480 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-032-0220
UPID
US18-3196823
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Zoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mc Properties Of South Florida INC
Entity
Mailing address
610 NE 124TH ST, NORTH MIAMI, FL 33161-5523
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2023
$1,000,000
Mc Properties Of South Florida INC
Ronald J Marrocco
Warranty Deed
$1,000,000 · Ronald J Marrocco Etal
Dec 13, 2018
—
Ronald J Marrocco
—
Deed
related
$210,000 · Nanette R Ruffner
Dec 6, 2018
—
Marrocco,ronald J Tr
—
Deed
related
$210,000 · Nanette R Ruffner
—
—
Ronald J Marrocco
—
Loan Modification
related
$210,000 · Nanette R Ruffner
—
—
Marrocco,tr
—
Deed Of Trust
related
$50,000 · Transatlantic Bank
—
—
Marrocco,ronald J Tr
—
Loan Modification
related
$210,000 · Nanette R Ruffner
—
—
Dental Technologies INC
—
Deed Of Trust
related
$25,000 · Transatlantic Bank
—
—
Ronald J Marrocco
—
Deed Of Trust
related
$210,000 · Nanette R Ruffner
—
—
Ronald J Marrocco
—
Deed Of Trust
related
$150,000 · Trevino Raymond Trust (pt)
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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