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Property profile & analytics
OFF-MARKET
Estimated value
$21,960,000
Office buildings
8801 7th Ave Miami, FL 33150-2303
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-1606172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
CONCRETE
Total area
58,622 SF
Lot
4.24 ac (184,700 SF)
Zoning code
6064
APN
30-3101-046-0010
UPID
US18-1606172
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
-
Huellas Migracion Immigration & Naturalization Service
-
hotel Hotel & Motel
-
USCIS District Office Immigration & Naturalization Service Federal Government Office
-
USCIS Miami Field Office Government Office
-
US ViSA Department Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.96M
Owner & transaction history
Ngp V Miami LLC · 16 yrs held
Ngp V Miami LLC
since 2010
6 recorded transactions
Zoning & alternative use
6064 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,895,000
6.5%
$27,595,000
7%
$25,625,000
Alternative Use
Use
Estimation
RETAIL STORES
$33,535,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$21.96M
Range $19.76M – $24.16M · ±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
$375 / 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
$311,704
Tax year 2023
Assessed value
$18,258,293
Assessed 2023
Previous assessed
$17,838,214
+2.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$6,464,500
Assessed improvement
$11,793,793
Land market value
$6,464,500
Improvement market value
$11,793,793
Total market value
$18,258,293
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
58,622 SF
Lot
4.24 ac (184,700 SF)
Zoning code
6064
APN
30-3101-046-0010
UPID
US18-1606172
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6064 · Miami, FL
Zoning 6064 · permitted uses
6064 · 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
RETAIL STORES
Est. value
$33.5M
RETAIL STORES
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
2008
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Buildings
2
Lot
4.24 ac
Current owner
From public records · entity-resolved
Ngp V Miami LLC
Entity
Mailing address
1650 TYSONS BLVD STE #200, MCLEAN, VA 22102-4888
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2010
—
Ngp V Miami LLC
—
Deed Of Trust
related
$22,016,640 · Dexia Real Estate Cap Markets
Jun 21, 2010
$27,917,100
Ngp V Miami LLC
South Florida Federal Partners Cent
Special Warranty Deed
$22,016,640 · Dexia Real Estate Capital Markets
Oct 28, 2008
—
Florida Fedl Partners-c South
—
Grant Deed
related
$27,310,000 · Dexia Real Estate Cap Markets
Apr 26, 2007
$7,607,300
Florida Fedl Ptrs-hiale South
Miami Gardens Park LLC
Grant Deed
$21,720,000 · Artesia Mortgage Capital Corp
—
—
Ngp V Miami LLC
—
Deed Of Trust
related
$22,016,640 · Dexia Real Estate Cap Markets
—
—
Ngp V Miami LLC
—
Deed Of Trust
related
—
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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