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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Commercial land
842 119th St, Miami, FL 33168-2337
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1599257
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.24 ac (10,625 SF)
Zoning code
6062
APN
30-2135-013-0110
UPID
US18-1599257
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Grm Property Management LLC · 2 yrs held
Grm Property Management LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
6062 · 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
$1,285,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $2.00M (Sep 22 2023)
Last sale anchor
$2.00M
Sep 22 2023
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
—
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
$6,434
Tax year 2023
Assessed value
$371,875
Assessed 2023
Previous assessed
$371,875
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$371,875
Land market value
$371,875
Total market value
$371,875
Applied tax rate
3,000.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,625 SF)
Zoning code
6062
APN
30-2135-013-0110
UPID
US18-1599257
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FL
Zoning 6062 · permitted uses
6062 · 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
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Grm Property Management LLC
Entity
Mailing address
6711 NW 119TH ST, MIAMI, FL 33168
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,000,000
Grm Property Management LLC
Fwc Management INC
Warranty Deed
$1,500,000 · South State Bank NA
Nov 10, 2022
$1,600,000
Fwc Management INC
Kmq Holdings LLC
Warranty Deed
$1,200,000 · Synovus Bank
Sep 8, 2021
$990,000
Kmq Holdings LLC
Chekina International INC
Warranty Deed
$792,000 · Bankunited NA
Oct 5, 2016
$750,000
Chekina International INC
20 Snyder Avenue Props LLC
Warranty Deed
$550,000 · Taylor Made Lending LLC
Sep 8, 2016
—
20 Snyder Avenue Props LLC
—
Deed
related
$35,000 · Richard B Carmel Invs LLC
Dec 9, 2013
—
20 Snyder Avenue Props LLC
Lugo,jose A
Quit Claim Deed
related
$1,500,000 · Cbus Snyder LLC
Jun 15, 2010
—
Jose A Lugo SR.
Mahadeo,randy J
Quit Claim Deed
related
—
Apr 21, 2010
—
Randy J Mahadeo
Concepcion,gaindia
Quit Claim Deed
related
—
—
—
20 Snyder Avenue Props LLC
—
Deed Of Trust
related
$35,000 · Richard B Carmel Invs 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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