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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Outlet malls
856 Ali Baba Ave, Opa Locka, FL 33054-3502
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-6127108
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1953
Construction
CONCRETE
Total area
6,600 SF
Lot
0.16 ac (7,125 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
08-2121-004-0560
UPID
US18-6127108
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
-
Pacheco Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Guerssy Azemar · 13 yrs held
Guerssy Azemar
since 2013
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Opa Locka, 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 Opa Locka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Opa Locka 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
$248 / 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
$9,905
Tax year 2023
Assessed value
$542,000
Assessed 2023
Previous assessed
$317,997
+70.4% YoY
Effective rate
1.83%
On assessed value
Assessed land
$106,875
Assessed improvement
$435,125
Land market value
$106,875
Improvement market value
$435,125
Total market value
$542,000
Applied tax rate
800.0000
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
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,600 SF
Lot
0.16 ac (7,125 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
08-2121-004-0560
UPID
US18-6127108
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Opa Locka, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Opa Locka, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Opa Locka. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Guerssy Azemar
Individual
Mailing address
7904 SW 194TH ST, CUTLER BAY, FL 33157-8021
Ownership since
2013
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
Dec 11, 2017
—
Guerssy Azemar
—
Deed
related
$60,600 · Us Small Busn Admn
Jul 8, 2013
$125,000
Guerssy Azemar
830 Ali Baba INC
Grant Deed
$200,000 · Errol J Mirmelli
Jul 8, 2013
—
Guerssy Azemar
Mirmelli,jay
Quit Claim Deed
related
—
Nov 30, 2007
—
830 Ali Baba Properties INC
Prestige Dry Cleaning Props In
Quit Claim Deed
related
—
Feb 23, 2007
—
Jay Mirmelli
Torrente,jorge & Gloria
Quit Claim Deed
related
—
Mar 31, 2000
$120,000
Florian H Schramm
Smith,donald J
Grant Deed
—
Feb 24, 2000
$110,000
Prestige Dry Cleaning Properti
Martinez,felix & Linda
Grant Deed
—
—
—
Dry Cleaning Props In Prestige
—
Deed Of Trust
related
$100,000 · Felmar Cleaners INC
—
—
Guerssy Azemar
—
Deed Of Trust
related
$60,600 · Us Small Busn Admn
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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