OFF-MARKET
Office buildings
Entity Owned
2-yr Hold
Free & Clear
Entity Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Construction
TYPE NOT SPECIFIED
Total area
1,344 SF
Lot
0.15 ac (6,650 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0860
UPID
US18-3152374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Party Supply Store (Bike/Boat/Book/etc) Store
-
Big Box & Wholesale Store
-
Hat Shop
-
(Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$690k
Owner & transaction history
since 2024
Last sale
$690,000
3 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Top alternative use upside
Commercial (general)
$995,000
+126.9%
Auto repair, garage
$880,000
+100.6%
Medical building
$590,000
+34.8%
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 16 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$690k
Value range
$621k – $759k
±10% around blend
Estimated value / SF
$513 / SF
Confidence
High
16 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$621k
blend $690k
$759k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,344 SF
Lot area
0.15 ac
Year built
1926
Stories
1
APN
06-2230-007-0860
Assessed value
$420,039
Annual tax
$7,027
3
Income approach: direct capitalization
Partial preview
Income approach indication
$635k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$685k
@ 6.5% CAP return
$635k
@ 7% CAP return
$590k
4
Sales comparison
Partial preview
Sales approach indication
$606k
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 1,531 SF
5.0 mi away · 1,232 SF
6.1 mi away · 1,220 SF
7.2 mi away · 979 SF
7.9 mi away · 1,210 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$690k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$326
+58%
Submarket 2091 sales
$682
-25%
County 2270 sales
$649
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $513/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+127%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building · 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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
6.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.00%
9.0%
NOI (est.)
$48k *
Last sale · Apr 2024
$690k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$805k
Move the market yield to see immediate price impact.
Value / SF
$599
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
5.50%6.00%6.50%
$43k
$790k
$725k
$669k
$48k
$878k
$805k
$743k
$53k
$966k
$886k
$817k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$500k
2.8 mi · Jan 2026 · $363/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,027
Tax year 2023
Assessed value
$420,039
Assessed 2023
Previous assessed
$420,039
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$332,500
Assessed improvement
$87,539
Land market value
$332,500
Improvement market value
$87,539
Total market value
$420,039
Applied tax rate
600.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
1,344 SF
Lot
0.15 ac (6,650 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0860
UPID
US18-3152374
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FLZoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North Miami, 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
1926
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6000:COMMERCIAL,GENERAL
Jurisdiction
North Miami, FL
Recorded code
6000:COMMERCIAL,GENERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6000:COMMERCIAL,GENERAL in North Miami, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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