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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Outlet malls
7415 Coral Way Miami, FL 33155-1403
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4778146
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Construction
CONCRETE
Total area
5,425 SF
Lot
0.34 ac (14,991 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-4011-020-0530
UPID
US18-4778146
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
-
Lucerne Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.05M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.05M
Owner & transaction history
7415 Coral Way LLC · 2 yrs held
7415 Coral Way LLC
since 2024
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · 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
$2,050,000
ML approach
$2,050,000
CAP Approach
CAP Return
Estimation
6%
$2,950,000
6.5%
$2,725,000
7%
$2,530,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,105,000
Current use
INDUSTRIAL (GENERAL)
$2,600,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.05M (Feb 27 2024)
Last sale anchor
$2.05M
Feb 27 2024
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
$378 / 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
$22,154
Tax year 2023
Assessed value
$1,366,206
Assessed 2023
Previous assessed
$1,141,441
+19.7% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,124,325
Assessed improvement
$241,881
Land market value
$1,124,325
Improvement market value
$241,881
Total market value
$1,366,206
Applied tax rate
3,000.0000
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
1955
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,425 SF
Lot
0.34 ac (14,991 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-4011-020-0530
UPID
US18-4778146
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
7415 Coral Way LLC
Entity
Mailing address
6900 SW 71ST CT, MIAMI, FL 33143-3042
Ownership since
2024
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
Feb 27, 2024
$2,050,000
7415 Coral Way LLC
Jocavi INC
Warranty Deed
$1,218,000 · Grove Bank & Trust
Oct 17, 2017
—
Jocavi INC
—
Deed
related
$950,000 · Firstbank Puerto Rico
—
—
Jocavi INC
—
Deed Of Trust
related
$150,000 · Totalbank
—
—
Jocavi INC
—
Deed Of Trust
related
$950,000 · Firstbank Puerto Rico
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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