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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Banks
6400 8th St West Miami, FL 33144-4814
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4961367
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1954
Construction
CONCRETE
Total area
9,919 SF
Lot
1.07 ac (46,565 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
15-4012-045-0160
UPID
US18-4961367
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
$5.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$4.91M
Owner & transaction history
6400 Property LLC · 5 yrs held
6400 Property LLC
since 2021
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · West Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+12.6%
Commercial (general)
$7.3M
+12.3%
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
$5,645,000
ML approach
$5,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$6,530,000
Current use
RESTAURANT
$7,355,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,335,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,485,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$6,345,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±10% · vs last sale $4.90M (Feb 19 2021)
Last sale anchor
$4.90M
Feb 19 2021
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
$495 / 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
$61,176
Tax year 2023
Assessed value
$3,235,498
Assessed 2023
Previous assessed
$3,235,498
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,558,850
Assessed improvement
$676,648
Land market value
$2,558,850
Improvement market value
$676,648
Total market value
$3,235,498
Applied tax rate
1,500.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
2
Total area
9,919 SF
Lot
1.07 ac (46,565 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
15-4012-045-0160
UPID
US18-4961367
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · West Miami, FLZoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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
FINANCIAL BUILDING Current
Est. value
$6.5M
RESTAURANT
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.3M
FINANCIAL BUILDING Current
RESTAURANT
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
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
6400 Property LLC
Entity
Mailing address
850 NW 42ND AVE #201, MIAMI, FL 33126-3667
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 19, 2021
$4,900,000
6400 Property LLC
Green Gables Investments LLC
Warranty Deed
$3,760,000 · City National Bank Of Florida
Oct 22, 2020
—
Green Gables Investments LLC
—
Deed
related
$2,400,000 · Bank Of America
Dec 9, 2016
—
Green Gables Investments LLC
Temple Beth Tov Ahavat Shalom
Quit Claim Deed
related
—
Jan 8, 2016
$3,500,000
Green Gables Investments LLC
Intercredit Bank NA
Warranty Deed
$4,000,000 · City National Bank Of Florida
—
—
Green Gables Investments LLC
—
Loan Modification
related
$2,400,000 · Bank Of America
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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