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Property profile & analytics
OFF-MARKET
Estimated value
$3,220,000
Outlet malls
7300 57th Ave South Miami, FL 33143-5312
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-3436920
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1954
Construction
CONCRETE
Total area
10,077 SF
Lot
0.42 ac (18,450 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
09-4036-022-0530
UPID
US18-3436920
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
$3.22M
Owner & transaction history
Hessen Family LLC · 20 yrs held
Hessen Family LLC
since 2006
7 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · 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
$320 / 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
$78,537
Tax year 2023
Assessed value
$4,680,000
Assessed 2023
Previous assessed
$3,448,000
+35.7% YoY
Effective rate
1.68%
On assessed value
Assessed land
$2,029,500
Assessed improvement
$2,650,500
Land market value
$2,029,500
Improvement market value
$2,650,500
Total market value
$4,680,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
10,077 SF
Lot
0.42 ac (18,450 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
09-4036-022-0530
UPID
US18-3436920
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · South Miami, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · 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.
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hessen Family LLC
Entity
Free & Clear · 20 yrs held
Mailing address
7380 SW 57TH AVE, SOUTH MIAMI, FL 33143-5312
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2019
—
Dolphin Construction Co INC
—
Loan Modification
related
$2,830,000 · First Nat'l Bk/s Miami
Feb 2, 2006
—
Hessen Family LLC
Greenspun,regina R
Warranty Deed
—
Feb 2, 2006
$350,000
Hessen Family LLC
Kaplan,arnold J
Warranty Deed
—
Jul 29, 2005
$1,136,700
Gb 57 LLC
7300 Investments LLC
Grant Deed
$1,149,360 · Community Bank Of Broward
—
—
Stephen Hessen Co Of Florida LLC
—
Loan Modification
related
$1,344,875 · First Nat'l Bk/s Miami
—
—
Adp INC
—
Deed Of Trust
related
$350,000 · First National Bank South Miam
—
—
Dolphin Construction Co INC
—
Loan Modification
related
$470,650 · First Nat'l Bk/s Miami
—
—
Dolphin Construction Co INC
—
Deed Of Trust
related
$192,076 · First National Bank South Miam
—
—
Dolphin Construction Co INC
—
Deed Of Trust
related
$233,395 · First National Bank South Miam
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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