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Property profile & analytics
OFF-MARKET
Estimated value
$39,505,000
Retail space
6705 57th Ave 100 South Miami, FL 33143-3622
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3063123
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
48,906 SF
Zoning code
6600:COMMERCIAL,LIBERAL
APN
03-4130-035-0010
UPID
US18-3063123
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
$24.55M
Comparable Approach
Comparable
$31.69M
Blend (final)
Blend
$39.51M
Owner & transaction history
Alpha Z Miami Retail 2 LLC · 6 yrs held
Alpha Z Miami Retail 2 LLC
since 2020
Last sale
$46.8M
4 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.3M
+29.6%
Commercial (general)
$36.2M
+29.2%
Auto repair, garage
$32.0M
+14.3%
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 South Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$47,775,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,595,000
6.5%
$24,550,000
7%
$22,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$27,975,000
Current use
RESTAURANT
$36,265,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$36,155,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$31,975,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$31,860,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$39.51M
Range $35.55M – $43.46M · ±10% · vs last sale $46.75M (May 21 2020)
Last sale anchor
$46.75M
May 21 2020
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
$808 / 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
$491,573
Tax year 2023
Assessed value
$26,653,770
Assessed 2023
Previous assessed
$26,653,770
+0.0% YoY
Effective rate
1.84%
On assessed value
Total market value
$26,653,770
Applied tax rate
300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Total area
48,906 SF
Zoning code
6600:COMMERCIAL,LIBERAL
APN
03-4130-035-0010
UPID
US18-3063123
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · South Miami, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$28.0M
RESTAURANT
Est. value
$36.3M
COMMERCIAL (GENERAL)
Est. value
$36.2M
AUTO REPAIR, GARAGE
Est. value
$32.0M
OFFICE BUILDING
Est. value
$31.9M
RETAIL STORES 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
2007
Heating
NONE
Current owner
From public records · entity-resolved
Alpha Z Miami Retail 2 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
150 GREENWICH ST52FL, NEW YORK, NY 10007-2366
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
$46,750,000
Alpha Z Miami Retail 2 LLC
Prudential Ins Co Of America
Grant Deed
—
Nov 20, 2013
$38,700,000
Prudential Ins Co Of America
Lic Coral Gables Retail INC
Grant Deed
—
May 7, 2008
$31,100,000
Lic Coral Gables Retail INC
Venera Holdings LLC
Grant Deed
$18,660,000 · Landesbank H Girozentrale
—
—
Prudential Ins Co Of America
—
Deed Of Trust
related
$22,000,000 · Jp Morgan Chase Bank NA
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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