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Property profile & analytics
OFF-MARKET
Commercial land
640 87th St, Miami Shores, FL 33138-3513
Entity Owned
12-yr Hold
Free & Clear
Property ID
US18-1548754
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.16 ac (7,100 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
01-3206-028-0880
UPID
US18-1548754
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Biscayne Design Center LLC · 12 yrs held
Biscayne Design Center LLC
since 2013
5 recorded transactions
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Miami Shores, 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 Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Shores 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,351
Tax year 2023
Assessed value
$532,500
Assessed 2023
Previous assessed
$426,000
+25.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$532,500
Land market value
$532,500
Total market value
$532,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.16 ac (7,100 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
01-3206-028-0880
UPID
US18-1548754
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Miami Shores, FL
Zoning 4600:MULTI-FAMILY,5+STORY · permitted uses
4600:MULTI-FAMILY,5+STORY · Miami Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Shores. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Biscayne Design Center LLC
Entity
Free & Clear · 12 yrs held
Mailing address
234 S COCONUT LN, MIAMI BEACH, FL 33139-5164
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2013
$1,200,000
Biscayne Design Center LLC
Novalis LLC
Warranty Deed
—
Jan 25, 2006
$2,500,000
8699 Biscayne LLC
Wd Tag Of Biscayne LLC
Grant Deed
$4,247,150 · Builder Funding LLC
Jan 28, 2004
$1,010,000
Wd Tag Of Biscayne LLC
8699 Biscayne Boulevard LLC
Grant Deed
$777,000 · Turnberry Bank
Feb 16, 1999
$470,000
Arrecifes Sea Food INC
Griffin,gus & Carol A
Grant Deed
$295,573 · Seller
—
—
Biscayne Design Center LLC
—
Deed Of Trust
related
$600,000 · C1 Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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