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Property profile & analytics
OFF-MARKET
Estimated value
$4,080,000
Office buildings
777 Palm Dr, Florida City, FL 33034-3223
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-5538593
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
CONCRETE
Total area
20,778 SF
Lot
1.3 ac (56,700 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7825-000-0360
UPID
US18-5538593
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$4.08M
Owner & transaction history
Avant School Of Excellence INC · 6 yrs held
Avant School Of Excellence INC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, 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 Florida City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florida City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,380,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,965,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$5,265,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±10% · vs last sale $2.80M (Mar 16 2020)
Last sale anchor
$2.80M
Mar 16 2020
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
$196 / 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
Assessed value
$2,851,574
Assessed 2023
Previous assessed
$2,307,020
+23.6% YoY
Assessed land
$1,247,400
Assessed improvement
$1,604,174
Land market value
$1,247,400
Improvement market value
$1,604,174
Total market value
$2,851,574
Applied tax rate
1,600.0000
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
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
20,778 SF
Lot
1.3 ac (56,700 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
16-7825-000-0360
UPID
US18-5538593
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Florida City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florida City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
RETAIL STORES
Est. value
$5.3M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Avant School Of Excellence INC
Entity
Mailing address
777 W PALM DRB, FLORIDA CITY, FL 33034-3223
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2020
—
Avant School Of Excellence INC
—
Deed
related
$1,415,000 · Truist Bk
Mar 16, 2020
$2,800,000
Avant School Of Excellence INC
Jerome Eppinger
Warranty Deed
$1,415,000 · Truist Bank
Mar 16, 2020
—
Avant School Of Excellence INC
—
Deed
related
$1,132,000 · Truist Bk
Jan 31, 2020
—
Jerome Eppinger
Rozs Senior & Fam Centre INC
Quit Claim Deed
related
—
Jan 21, 2020
—
Rozs Senior & Fam Centre INC
Jerome Eppinger
Quit Claim Deed
related
—
Jun 13, 2017
—
Rozs Senior & Family Centre I
Eppinger,jerome
Quit Claim Deed
related
—
—
—
Eppinger,jerome
—
Deed Of Trust
related
$426,200 · Community Bk/fl
—
—
Jerome Eppinger
—
Deed Of Trust
related
$1,150,000 · Union Planters National Bank
—
—
Jerome Eppinger
—
Deed Of Trust
related
$250,000 · Community Bank Of Florida
—
—
Jerome Eppinger
—
Deed Of Trust
related
$950,000 · Community Bank Of Florida
—
—
Avant School Of Excellence INC
—
Deed Of Trust
related
$1,132,000 · Truist Bk
—
—
Avant School Of Excellence INC
—
Loan Modification
related
$1,132,000 · Truist Bk
—
—
Jerome Eppinger
—
Deed Of Trust
related
$412,000 · Community Bank Of Florida
—
—
Jerome Eppinger
—
Loan Modification
related
$770,578 · Community Bank Of Florida
—
—
Avant School Of Excellence INC
—
Deed Of Trust
related
$1,415,000 · Truist Bk
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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