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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Outlet malls
827 Arthur Godfrey Rd Miami Beach, FL 33140-3304
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-4012955
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2015
Construction
CONCRETE
Total area
4,398 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-019-0220
UPID
US18-4012955
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
$2.21M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.09M
Owner & transaction history
Tp Arthur Godfrey LLC · 10 yrs held
Tp Arthur Godfrey LLC
since 2016
5 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+86.4%
Office building
$3.0M
+72.0%
Auto repair, garage
$2.9M
+64.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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%
$2,390,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,745,000
Current use
COMMERCIAL (GENERAL)
$3,250,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$3,000,000
Change: +72% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,875,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$1,930,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±10%
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
$475 / 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
$87,416
Tax year 2023
Assessed value
$4,626,000
Assessed 2023
Previous assessed
$4,800,000
-3.6% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,125,000
Assessed improvement
$2,501,000
Land market value
$2,125,000
Improvement market value
$2,501,000
Total market value
$4,626,000
Applied tax rate
200.0000
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
2015
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,398 SF
Lot
0.11 ac (5,000 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-019-0220
UPID
US18-4012955
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2015
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tp Arthur Godfrey LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3300 S DIXIE HWY #1118, WEST PALM BEACH, FL 33405-1987
Ownership since
2016
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
Jan 11, 2020
—
Tp Arthur Godfrey LLC
—
Deed
related
$2,143,000 · Truist Bank
Jun 30, 2018
—
Tp Arthur Godfrey LLC
—
Deed
related
$175,000 · Branch Bk&tr
Jun 10, 2016
$5,898,400
Tp Arthur Godfrey LLC
Joe Acquisitions LLC
Warranty Deed
—
Oct 17, 2014
$960,000
Joe Acquisitions LLC
Dominos Pizza LLC
Grant Deed
$2,160,000 · Gibraltar Private Bk&tr Fsb
—
—
Tp Arthur Godfrey LLC
—
Deed Of Trust
related
$175,000 · Branch Bk&tr
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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