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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
7711 62nd Aveb-1 South Miami, FL 33143-4912
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4553174
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Total area
1,000 SF
Zoning code
4800:PLANNED RESID OFFICE
APN
09-4036-070-0050
UPID
US18-4553174
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$720k
Owner & transaction history
Susan I Acosta Phd P A · 2 yrs held
Susan I Acosta Phd P A
since 2024
Last sale
$720,000
5 recorded transactions
Zoning & alternative use
4800:PLANNED RESID OFFICE · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+13.5%
Auto repair, garage
$655,000
+0.4%
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
Method
Estimation
Statistic approach
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$510,000
6.5%
$470,000
7%
$435,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$655,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Jun 5 2024)
Last sale anchor
$720k
Jun 5 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
$720 / 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
$6,273
Tax year 2023
Assessed value
$335,000
Assessed 2023
Previous assessed
$335,000
+0.0% YoY
Effective rate
1.87%
On assessed value
Total market value
$335,000
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 (MULTI-STORY)
Status
Off-Market
Year built
1982
Heating
NONE
Total area
1,000 SF
Zoning code
4800:PLANNED RESID OFFICE
APN
09-4036-070-0050
UPID
US18-4553174
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4800:PLANNED RESID OFFICE · South Miami, FLZoning 4800:PLANNED RESID OFFICE · permitted uses
4800:PLANNED RESID OFFICE · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$570,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1982
Heating
NONE
Current owner
From public records · entity-resolved
Susan I Acosta Phd P A
Individual
Mailing address
7701 SW 62ND AVEA-2, SOUTH MIAMI, FL 33143-4921
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$720,000
Susan I Acosta Phd P A
Piracus Investment Corp
Warranty Deed
$375,000 · Morgan Stanley Bank NA
Jul 27, 2010
—
Office Village LLC
Mariani Properties Lc
Quit Claim Deed
related
—
Jun 1, 2006
$250,000
Mariani Properties Lc
Livingstone,don R
Warranty Deed
$250,000 · Don R Livingstone
Jan 4, 2006
—
Livingstone,don R
Livingstone,don R
Quit Claim Deed
related
—
—
—
Mariani Properties Lc
—
Deed Of Trust
related
$799,837 · Gibraltar Private Bank & Trust
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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