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Property profile & analytics
FOR SALE
Retail residential properties
710 W 51St St, Miami Beach, FL 33140
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-2343561
For Sale
1 / 5
$4,665,000
710 W 51St St, Miami Beach, FL 33140
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Construction
CONCRETE
Total area
16,062 SF
Lot
0.55 ac (23,940 SF)
Zoning code
0100:SINGLE FAM,GENERAL
APN
02-3222-016-0070
UPID
US18-2343561
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
$5.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Mansion Center LLC · 16 yrs held
Mansion Center LLC
since 2010
4 recorded transactions
Zoning & alternative use
0100:SINGLE FAM,GENERAL · Miami Beach, 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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,325,000
6.5%
$5,840,000
7%
$5,420,000
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±10%
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
$290 / 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
$66,412
Tax year 2023
Assessed value
$4,756,582
Assessed 2023
Previous assessed
$3,214,225
+48.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$4,069,800
Assessed improvement
$686,782
Land market value
$4,069,800
Improvement market value
$686,782
Total market value
$4,756,582
Applied tax rate
200.0000
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
For Sale
Year built
1926
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
8
Bathrooms
8
Total area
16,062 SF
Lot
0.55 ac (23,940 SF)
Zoning code
0100:SINGLE FAM,GENERAL
APN
02-3222-016-0070
UPID
US18-2343561
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
0100:SINGLE FAM,GENERAL · Miami Beach, FL
Zoning 0100:SINGLE FAM,GENERAL · permitted uses
0100:SINGLE FAM,GENERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
8
Bathrooms
8
Lot
0.55 ac
Current owner
From public records · entity-resolved
Mansion Center LLC
Entity
Free & Clear · 16 yrs held
Mailing address
1550 MADRUGA AVE STE #120, CORAL GABLES, FL 33146-3016
Ownership since
2010
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
Jan 7, 2010
—
Mansion Center LLC
Nagelberg,allen A & Shirley G
Grant Deed
—
Jan 7, 2010
$1,500,000
Mansion Center LLC
Nagelberg,laura
Warranty Deed
—
Aug 9, 1999
$190,800
Steven Nagelberg
Nagleberg,allen & Shirley
Quit Claim Deed
related
—
—
—
Allen Nagelberg
—
Deed Of Trust
related
$500,000 · Suntrust Bank South Florida
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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