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Property profile & analytics
OFF-MARKET
Estimated value
$15,230,000
Outlet malls
83 8th St Miami, FL 33130-3011
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1554509
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1926
Construction
WOOD
Total area
9,147 SF
Lot
0.32 ac (13,866 SF)
Zoning code
6408:RAPID TRANS-HI DENS
APN
01-0205-030-2020
UPID
US18-1554509
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
Current use
Occupant on record · Public records
-
Cvs Vitamins (Bike/Boat/Book/etc) Store Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Toasted Bagelry & Deli (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.94M
Blend (final)
Blend
$15.23M
Owner & transaction history
Gb Brickell Station LLC · 4 yrs held
Gb Brickell Station LLC
since 2022
Last sale
$20.1M
7 recorded transactions
Zoning & alternative use
6408:RAPID TRANS-HI DENS · Miami, 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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
$9,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.23M
Range $13.71M – $16.75M · ±10% · vs last sale $20.10M (Mar 17 2022)
Last sale anchor
$20.10M
Mar 17 2022
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
$1,665 / 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
$191,587
Tax year 2023
Assessed value
$9,574,602
Assessed 2023
Previous assessed
$8,882,350
+7.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$9,012,900
Assessed improvement
$561,702
Land market value
$9,012,900
Improvement market value
$561,702
Total market value
$9,574,602
Applied tax rate
101.0000
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
1926
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
9,147 SF
Lot
0.32 ac (13,866 SF)
Zoning code
6408:RAPID TRANS-HI DENS
APN
01-0205-030-2020
UPID
US18-1554509
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6408:RAPID TRANS-HI DENS · Miami, FL
Zoning 6408:RAPID TRANS-HI DENS · permitted uses
6408:RAPID TRANS-HI DENS · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1926
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Gb Brickell Station LLC
Entity
Mailing address
251 LITTLE FLS DR, WILMINGTON, DE 19808-1674
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
$20,100,000
Gb Brickell Station LLC
Brickell Station Partners LLC
Special Warranty Deed
—
Jun 10, 2011
$1,500,000
Brickell Station Partners LLC
83-93 Sw 8th Street LLC
Grant Deed
$1,300,000 · Bnz Brickell LLC
Jul 6, 2009
$2,500,000
83-93 Sw 8th Street LLC
Aguero & Co Export INC
Warranty Deed
—
Jul 2, 2009
—
Aguero Co & Export
—
Trustees Deed
related
$46,899 · Soarca Ents INC
—
—
Aguero & Co Export INC
—
Deed Of Trust
related
$800,000 · Citibank NA
—
—
Brickell Station Partners LLC
—
Deed Of Trust
related
$4,970,000 · Private Individual
—
—
Brickell Station Ptrs LLC|conch Hill Market LLC Et
—
Loan Modification
related
$1,220,000 · Ubs R/e Secs
—
—
Brickell Station Partners LLC
—
Deed Of Trust
related
$900,000 · Bnz Brickell LLC
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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