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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Parking lots & garages
8439 1st Ave, Miami, FL 33138
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-0018977
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1955
Lot
0.39 ac (17,100 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3112-008-0020
UPID
US18-0018977
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
$5.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.66M
Owner & transaction history
Calipolis Corp · 14 yrs held
Calipolis Corp
since 2011
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · 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
$5,655,000
ML approach
$5,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±10% · vs last sale $5.66M (Nov 20 2024)
Last sale anchor
$5.66M
Nov 20 2024
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
$12,525
Tax year 2023
Assessed value
$1,209,210
Assessed 2023
Previous assessed
$696,210
+73.7% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,197,000
Assessed improvement
$12,210
Land market value
$1,197,000
Improvement market value
$12,210
Total market value
$1,209,210
Applied tax rate
100.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1955
Heating
NONE
Lot
0.39 ac (17,100 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3112-008-0020
UPID
US18-0018977
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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
1955
Heating
NONE
Lot
0.39 ac
Current owner
From public records · entity-resolved
Calipolis Corp
Entity
Free & Clear · 14 yrs held
Mailing address
180 IS DR, KEY BISCAYNE, FL 33149-2410
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2011
$160,000
Calipolis Corp
Bayview Ln Svcg LLC
Grant Deed
—
Nov 24, 2010
$300
Bayview Ln Svcg LLC
Coles,pierre Coc
Trustees Deed
related
—
Dec 4, 2009
—
Pierre Coles
Grm Property Management LLC
Warranty Deed
—
Jan 26, 2007
—
Grm Property Management LLC
Coles,pierre
Warranty Deed
—
Jan 11, 2006
—
Pierre Coles
Grm Property Management LLC
Warranty Deed
related
$499,000 · Metwest Commercial Lender
Jun 9, 2005
—
Grm Property Management LLC
Moise,rudolph
Warranty Deed
—
—
—
Pierre Coles
—
Deed Of Trust
related
$100,000 · Grm Property Management 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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