Entity Owned Property summary
AI-generated overview
This exceptional 784-square-foot retail space is ideally situated at 702 71st Street in Miami Beach, Florida, zip code 33141. The property boasts a single-tenant occupancy and is zoned 6600. Its prime location on a busy corner of 71st Street and Indian Creek Drive ensures high visibility and significant pedestrian and vehicular traffic. Large floor-to-ceiling storefront windows maximize natural light and provide excellent brand exposure. The property's proximity to the beach (just three blocks away) further enhances its appeal to a wide range of potential businesses. This location is perfect for a variety of uses, including a studio, retail shop, medical office, or boutique. The property's APN is 02-32-11-002-1370. This is a rare opportunity to establish a strong presence in the heart of Miami Beach's vibrant commercial district. Don't miss out on this chance to secure a highly visible and desirable retail space in a thriving area. The property offers significant potential for growth and success. This is a single-tenant space with no additional suites within the building.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1940
Construction
CONCRETE
Total area
6,928 SF
Lot
0.22 ac (9,743 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3211-002-1370
UPID
US18-5338142
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$3.38M
Owner & transaction history
since 2015
2 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Top alternative use upside
Restaurant
$5.1M
+31.4%
Commercial (general)
$5.1M
+31.0%
Office building
$4.7M
+20.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.38M
Value range
$3.04M – $3.72M
±10% around blend
Estimated value / SF
$488 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$3.04M
blend $3.38M
$3.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,928 SF
Lot area
0.22 ac
Year built
1940
Stories
1
APN
02-3211-002-1370
Zoning
6600:COMMERCIAL,LIBERAL
Assessed value
$2,679,726
Annual tax
$41,897
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.77M
@ 6.5% CAP return
$3.48M
@ 7% CAP return
$3.23M
4
Sales comparison
Partial preview
Sales approach indication
$3.83M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.4 mi away · 6,434 SF
6.2 mi away · 4,900 SF
8.5 mi away · 7,935 SF
8.6 mi away · 8,250 SF
9.6 mi away · 6,348 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.38M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 30 sales
$564
-14%
County 1136 sales
$507
-4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $488/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+31%
vs current-use indication
Commercial (general)
Office Building
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.68M
Move the market yield to see immediate price impact.
Value / SF
$387
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$169k
$3.38M
$2.41M
$1.88M
$188k
$3.75M
$2.68M
$2.08M
$206k
$4.13M
$2.95M
$2.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$2.95M
4.3 mi · Jan 2026 · $540/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$41,897
Tax year 2023
Assessed value
$2,679,726
Assessed 2023
Previous assessed
$2,679,726
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$2,338,320
Assessed improvement
$341,406
Land market value
$2,338,320
Improvement market value
$341,406
Total market value
$2,679,726
Applied tax rate
200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1940
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,928 SF
Lot
0.22 ac (9,743 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3211-002-1370
UPID
US18-5338142
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6600:COMMERCIAL,LIBERAL
Jurisdiction
Miami Beach, FL
Recorded code
6600:COMMERCIAL,LIBERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6600:COMMERCIAL,LIBERAL in Miami Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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