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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Gas stations
8800 24th St Miami, FL 33165-2008
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-0306702
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
2020
Construction
CONCRETE
Total area
5,802 SF
Lot
0.49 ac (21,408 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4016-004-0230
UPID
US18-0306702
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
-
7-Eleven Grocery & Convenience Store
-
On The Run - Convenience Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.96M
Blend (final)
Blend
$4.51M
Owner & transaction history
Tropic Oil Company LLC · 4 yrs held
Tropic Oil Company LLC
since 2022
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · 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
$4,340,000
ML approach
$4,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$4,730,000
Current use
RESTAURANT
$4,305,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,290,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$3,960,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,795,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.05M – $4.96M · ±10% · vs last sale $4.50M (Jan 5 2022)
Last sale anchor
$4.50M
Jan 5 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
$776 / 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
$33,343
Tax year 2023
Assessed value
$2,129,717
Assessed 2023
Previous assessed
$2,129,717
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,627,008
Assessed improvement
$502,709
Land market value
$1,627,008
Improvement market value
$502,709
Total market value
$2,129,717
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,802 SF
Lot
0.49 ac (21,408 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-4016-004-0230
UPID
US18-0306702
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$4.7M
RESTAURANT
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
SERVICE STATION (FULL SERVICE) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2020
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Tropic Oil Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9970 NW 89TH CT, MEDLEY, FL 33178-1478
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
$4,500,000
Tropic Oil Company LLC
Petroleum Investments INC
Special Warranty Deed
—
Jan 22, 2013
—
Urbieta Management Invs INC
—
Deed Of Trust
related
$13,501,092 · Us Century Bank
Jun 3, 2009
—
Nob Hill Ents INC
—
Deed Of Trust
related
$14,388,093 · Us Century Bank
Jan 14, 2003
$850,000
Petroleum Investments INC
Bp Products North America INC
Grant Deed
—
—
—
Petroleum Investments INC
—
Deed Of Trust
related
$1,000,000 · Regions Bank
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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