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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Outlet malls
624 Collins Ave Miami Beach, FL 33139-6214
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-8312613
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1922
Construction
CONCRETE
Total area
8,648 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-4203-004-0770
UPID
US18-8312613
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
$5.14M
CAP Approach
CAP
$4.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.30M
Owner & transaction history
624 Collins Ave LLC · 3 yrs held
624 Collins Ave LLC
since 2023
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, 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 Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$5,020,000
ML approach
$5,140,000
CAP Approach
CAP Return
Estimation
6%
$4,700,000
6.5%
$4,340,000
7%
$4,030,000
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $6.00M (Jul 19 2023)
Last sale anchor
$6.00M
Jul 19 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
$613 / 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
$126,948
Tax year 2023
Assessed value
$6,718,000
Assessed 2023
Previous assessed
$6,450,000
+4.2% YoY
Effective rate
1.89%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$3,218,000
Land market value
$3,500,000
Improvement market value
$3,218,000
Total market value
$6,718,000
Applied tax rate
200.0000
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
1922
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
8,648 SF
Lot
0.16 ac (7,000 SF)
Zoning code
6501:COMMERCIAL
APN
02-4203-004-0770
UPID
US18-8312613
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Zoning 6501:COMMERCIAL · permitted uses
6501:COMMERCIAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
624 Collins Ave LLC
Entity
Mailing address
125 GOFF AVEOFC2101, PAWTUCKET, RI 02860-2994
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
—
624 Collins Ave LLC
—
Deed
related
$6,017,500 · Paradise Bank
Jul 19, 2023
$6,000,000
624 Collins Ave LLC
Palm Avenue Hialeah Trust
Warranty Deed
$5,100,000 · Digital FCU
Jun 3, 2022
—
Palm Avenue Hialeah Trust
Arcpe 1 LLC
Intrafamily Transfer
related
$7,176,270 · Centennial Bank
Apr 23, 2022
$9,490,200
Arcpe 1 LLC
624 Collins Owner LLC
Special Warranty Deed
—
Sep 21, 2016
$240,000
624 Collins Owner LLC
Georgeanne Bates Chapman
Warranty Deed
$10,000,000 · New York Community Bank
Sep 21, 2016
$8,000,000
624 Collins Owner LLC
Ach Collins LLC
Warranty Deed
—
Sep 21, 2016
$1,200,000
624 Collins Owner LLC
Maxwell,g Patrick
Warranty Deed
—
Sep 21, 2016
$14,560,800
624 Collins Owner LLC
Collins Properties LLC
Warranty Deed
—
Sep 16, 2013
—
Ach Collins LLC
Collins Properties LLC
Quit Claim Deed
—
May 16, 2005
$2,060,000
Collins Properties LLC
624 Collins Associates II LLC
Grant Deed
—
Sep 8, 2004
$2,059,500
624 Collins Associates II LLC
624 Collins Associates LLC
Grant Deed
related
—
Sep 8, 2004
$3,372,500
Collins Properties LLC
624 Collins Associates LLC
Grant Deed
related
—
May 28, 2004
$5,405,000
624 Collins Assoc LLC
Miami Monaco LLC
Grant Deed
—
May 28, 2004
$1,372,900
Collins Properties LLC
Miami Monaco LLC
Grant Deed
—
Apr 28, 2003
$6,083,300
Us Realty Advisors LLC
Collins Ave Ltd
Grant Deed
—
Jan 9, 1998
$1,750,000
Enrique Tettamonte
Kadosh,michael
Grant Deed
—
Oct 29, 1997
—
Michael Kadosh
—
Deed Of Trust
related
$1,125,000 · Transflorida Bank
—
—
Collins Properties LLC
—
Deed Of Trust
related
$3,535,000 · Nashville Bank & Trust Co
—
—
Michael Kadosh
—
Deed Of Trust
related
$200,000 · Leonard E Zedeck Trustee
—
—
Enrique Tettamanti
—
Deed Of Trust
related
$1,350,000 · Beach Mortgage INC
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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