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Property profile & analytics
FOR SALE
Retail residential properties
816 NE 125Th St North Miami, FL 33161
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3045343
No photos on file
For Sale
$3,895,000
816 NE 125Th St, North Miami, FL 33161
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1968
Construction
CONCRETE
Total area
17,732 SF
Lot
0.33 ac (14,375 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-039-0031
UPID
US18-3045343
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
by Request
Blend (final)
Blend
$3.90M
Owner & transaction history
Partners Of 822 LLC · 7 yrs held
Partners Of 822 LLC
since 2019
6 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | North Miami, FL
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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$220 / 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
$46,097
Tax year 2023
Assessed value
$2,383,000
Assessed 2023
Previous assessed
$2,383,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,006,250
Assessed improvement
$1,376,750
Land market value
$1,006,250
Improvement market value
$1,376,750
Total market value
$2,383,000
Applied tax rate
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
17,732 SF
Lot
0.33 ac (14,375 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-039-0031
UPID
US18-3045343
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | North Miami, FL
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Partners Of 822 LLC
Entity
Mailing address
301 W HALLANDALE BCH BLVD, HALLANDALE BEACH, FL 33009-5443
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
—
Partners Of 822 LLC
—
Deed
related
$3,747,500 · Intercredit Bank NA
Oct 17, 2019
—
Partners Of 822 LLC
—
Deed
related
$1,000,000 · City National Bank Of Florida
Feb 6, 2019
$1,915,000
Partners Of 822 LLC
Farr Building LLC
Grant Deed
—
Sep 2, 2003
$1,100,000
Farr Building LLC
Farr,tr
Grant Deed
related
$731,000 · Mellon United National Bank
—
—
Farr Building LLC
—
Deed Of Trust
related
$600,000 · Terrabank NA
—
—
Farr Building LLC
—
Deed Of Trust
related
$161,408 · Mellon United National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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