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Property profile & analytics
OFF-MARKET
Estimated value
$94,190,000
Retail residential properties
702 1st St Miami, FL 33130-1206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0361678
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2021
Construction
CONCRETE
Total area
286,166 SF
Lot
1.45 ac (63,366 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-0201-050-1010
UPID
US18-0361678
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
-
Oneway Law Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$104.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$94.19M
Owner & transaction history
Lj 700 Miami LLC · 4 yrs held
Lj 700 Miami LLC
since 2022
Last sale
$92.0M
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · 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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$88,745,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$112,680,000
6.5%
$104,010,000
7%
$96,580,000
Blend value · Realmo final
$94.19M
Range $84.77M – $103.61M · ±10% · vs last sale $92.00M (Jul 1 2022)
Last sale anchor
$92.00M
Jul 1 2022
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
$329 / 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
$1,621,900
Tax year 2023
Assessed value
$78,900,000
Assessed 2023
Previous assessed
$49,709,229
+58.7% YoY
Effective rate
2.06%
On assessed value
Assessed land
$7,900,080
Assessed improvement
$70,999,920
Land market value
$7,900,080
Improvement market value
$70,999,920
Total market value
$78,900,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2021
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
13
Units
194
Bathrooms
4
Total area
286,166 SF
Lot
1.45 ac (63,366 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-0201-050-1010
UPID
US18-0361678
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
13
Buildings
2
Units
194
Bathrooms
4
Lot
1.45 ac
Current owner
From public records · entity-resolved
Lj 700 Miami LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$92,000,000
Lj 700 Miami LLC
Premium 1 St Street LLC
Special Warranty Deed
$61,400,000 · Forthought Life Insurance Company
Sep 22, 2017
$3,300,000
Premium 1st Street LLC
La Veredita Vi LLC
Grant Deed
—
Feb 9, 2007
—
Laveredita Vi LLC
—
Trustees Deed
related
$1,200,000 · Arc Equity Funding LLC
Jun 10, 2005
$600,000
Laveredita Vi LLC
Jimenez,rafael A & Eloisa
Warranty Deed
—
Apr 5, 2004
$250,000
118 Property LLC
420 Property INC
Grant Deed
—
Aug 2, 2002
$190,000
Rafaela A Jimenez
Madruga,ramon
Grant Deed
$171,000 · Washington Mutual Fsb
May 9, 2002
$70,000
420 Property INC
De Varona Trust
Grant Deed
$65,000 · De Varona Trust
Oct 2, 2001
$61,500
Nelida E Cabrera
Barliant,leo & Helen
Grant Deed
—
Sep 26, 2001
$139,000
Ramon Madruga
Sanchez,augstina
Grant Deed
—
—
—
Agustina Sanchez
—
Deed Of Trust
related
$75,000 · Individual
—
—
Agustina Sanchez
—
Deed Of Trust
related
$17,000 · Orlando Hoed D'beche
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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