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Property profile & analytics
OFF-MARKET
Estimated value
$8,400,000
Office buildings
7040 61st Ave South Miami, FL 33143-3450
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4165858
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
CONCRETE
Total area
5,469 SF
Lot
0.72 ac (31,380 SF)
Zoning code
6801:COMMERCIAL
APN
09-4025-011-0130
UPID
US18-4165858
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
$8.40M
Owner & transaction history
Y And Y S Miami LLC · 5 yrs held
Y And Y S Miami LLC
since 2020
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
6801:COMMERCIAL · South 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,536 / 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
$90,954
Tax year 2023
Assessed value
$4,717,000
Assessed 2023
Previous assessed
$4,717,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$4,707,000
Assessed improvement
$10,000
Land market value
$4,707,000
Improvement market value
$10,000
Total market value
$4,717,000
Applied tax rate
900.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
1
Total area
5,469 SF
Lot
0.72 ac (31,380 SF)
Zoning code
6801:COMMERCIAL
APN
09-4025-011-0130
UPID
US18-4165858
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6801:COMMERCIAL · South Miami, FLZoning 6801:COMMERCIAL · permitted uses
6801:COMMERCIAL · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Y And Y S Miami LLC
Entity
Mailing address
1124 KANE CONCOURSE, BAY HARBOR ISLANDS, FL 33154-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2020
$5,150,000
Y And Y S Miami LLC
Joshua D Manaster
Deed
$2,468,813 · Truist Bank
Apr 13, 2018
—
Calmon B Rosenbaum
—
Deed
related
$3,500,000 · Yelvington Gary Trust (pt)
Nov 28, 2017
—
Rosenbaum,calmon B Tr
Rosenbaum,calmon
Quit Claim Deed
related
—
Nov 27, 2017
—
Calmon B Rosenbaum
—
Deed
related
$3,500,000 · Yelvington Gary Trust (pt)
Jun 16, 2017
—
Cal B Rosenbaum
—
Deed
related
$3,500,000 · Yelvington Gary Trust (pt)
—
—
Calmon B Rosenbaum
—
Deed Of Trust
related
$1,800,000 · Vfr Investments INC
—
—
Cal B Rosenbaum
—
Deed Of Trust
related
$2,500,000 · Yelvington Gary Trust (pt)
—
—
Cal B Rosenbaum
—
Deed Of Trust
related
$700,000 · Lyons Richard W (te)
—
—
Cal B Rosenbaum
—
Deed Of Trust
related
$700,000 · Lyons Richard W (te)
—
—
Cal B Rosenbaum
—
Deed Of Trust
related
$700,000 · Lyons Richard W (te)
—
—
Cal B Rosenbaum
—
Loan Modification
related
$3,500,000 · Yelvington Gary Trust (pt)
—
—
Calmon B Rosenbaum
—
Loan Modification
related
$3,500,000 · Yelvington Gary Trust (pt)
—
—
Calmon B Rosenbaum
—
Loan Modification
related
$3,500,000 · Yelvington Gary Trust (pt)
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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