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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Automotive properties
8880 Biscayne Blvd Miami Shores, FL 33138-3343
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-4962528
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1953
Construction
CONCRETE
Total area
37,103 SF
Lot
2.85 ac (124,130 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
11-3206-020-0870
UPID
US18-4962528
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Tropical Chevrolet INC · 8 yrs held
Tropical Chevrolet INC
since 2018
7 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami Shores, 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 Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Shores 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
$64 / 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
$161,663
Tax year 2023
Assessed value
$10,250,689
Assessed 2023
Previous assessed
$10,250,689
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$8,689,100
Assessed improvement
$1,561,589
Land market value
$8,689,100
Improvement market value
$1,561,589
Total market value
$10,250,689
Applied tax rate
1,100.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
37,103 SF
Lot
2.85 ac (124,130 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
11-3206-020-0870
UPID
US18-4962528
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami Shores, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Miami Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Shores. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.85 ac
Current owner
From public records · entity-resolved
Tropical Chevrolet INC
Entity
Mailing address
8880 BISCAYNE BLVD, MIAMI SHORES, FL 33138-3343
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jan 18, 2018
—
Tropical Chevrolet INC
—
Loan Modification
related
$8,879,502 · Gm Fin'l
Jun 29, 2017
—
Tropical Chevrolet INC
—
Loan Modification
related
$8,879,502 · Americredit Fin'l Svcs
Jan 6, 2012
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$3,890,318 · Ally Bank Corp
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$700,461 · Gmac LLC
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$916,578 · General Motors Acceptance Corp
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$980,797 · General Motors Acceptance Corp
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$768,547 · General Motors Acceptance Corp
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$718,226 · General Motors Acceptance Corp
—
—
Tropical Chevrolet INC
—
Deed Of Trust
related
$600,000 · Alan Potamkin
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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