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Property profile & analytics
OFF-MARKET
Estimated value
$10,560,000
Community centers
8625 124th Ave Miami, FL 33183-4601
Entity Owned
26-yr Hold
Free & Clear
Property ID
US18-3023537
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Construction
CONCRETE
Total area
31,749 SF
Lot
12.89 ac (561,360 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4936-023-0010
UPID
US18-3023537
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
-
Delicate Touch Alcohol Detox Miami, FL Spa & Massage Center Alternative Medicine Practice
-
Kendall Community Pavillion Community Center
-
KFHA Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.56M
Owner & transaction history
Randall Village Associates Ltd · 26 yrs held
Randall Village Associates Ltd
since 1999
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.9M
+54.5%
Warehouse, storage
$9.4M
+4.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,025,000
Current use
MEDICAL BUILDING
$13,945,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,440,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$10.56M
Range $9.50M – $11.62M · ±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
$333 / 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
$369,542
Tax year 2023
Assessed value
$25,389,000
Assessed 2023
Previous assessed
$19,500,000
+30.2% YoY
Effective rate
1.46%
On assessed value
Assessed land
$17,340,800
Assessed improvement
$8,048,200
Land market value
$17,340,800
Improvement market value
$8,048,200
Total market value
$25,389,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
31,749 SF
Lot
12.89 ac (561,360 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4936-023-0010
UPID
US18-3023537
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$13.9M
WAREHOUSE, STORAGE
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
12.89 ac
Current owner
From public records · entity-resolved
Randall Village Associates Ltd
Entity
Free & Clear · 26 yrs held
Mailing address
2665 S BAYSHORE DR STE #1200, MIAMI, FL 33133-5468
Ownership since
1999
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
Jul 18, 2018
—
Kendall 124 LLC
—
Deed
related
$917,752 · City Nat'l Bk/fl
Sep 17, 1999
$4,500,000
Randall Village Associates Ltd
Bersin Development Corp & Docu
Grant Deed
—
Sep 2, 1999
$1,500,000
Restaurant Development Corp
Bersin Development Corp
Grant Deed
—
Jun 8, 1999
$3,000,000
Realty Income Properties INC
Bersin Development Corp
Grant Deed
—
Mar 17, 1999
$1,375,000
Brinker Florida INC
Bersin Development Corp
Trustees Deed
—
Mar 17, 1999
$1,570,000
Gmri INC
Bersin Development Corp
Trustees Deed
—
—
—
Kendall Village Associates Ltd
—
Deed Of Trust
related
$4,529,547 · Principal Life Insurance Co
—
—
Kendall 124 LLC
—
Deed Of Trust
related
$917,752 · City Nat'l Bk/fl
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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