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Property profile & analytics
OFF-MARKET
Estimated value
$3,850,000
Banks
8994 40th St Miami, FL 33165-5304
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6190610
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
5,286 SF
Lot
0.7 ac (30,544 SF)
Zoning code
6061
APN
30-4021-003-0100
UPID
US18-6190610
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
-
Jungle Boys Miami (Bike/Boat/Book/etc) Store
-
BB&T - ATM Atm
-
Truist Bank Loan Service
-
Big Bus Tours Tickets Travel Agency Tour Operator
-
ATM (BB&T) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$3.85M
Owner & transaction history
Miafl Realty LLC · 4 yrs held
Miafl Realty LLC
since 2022
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
6061 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+12.6%
Commercial (general)
$3.9M
+12.3%
Office building
$3.6M
+3.6%
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
$3,715,000
ML approach
$3,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,480,000
Current use
RESTAURANT
$3,920,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,910,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$3,605,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,455,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$3,025,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.85M
Range $3.47M – $4.24M · ±10% · vs last sale $3.85M (Jul 5 2022)
Last sale anchor
$3.85M
Jul 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
$728 / 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
$59,925
Tax year 2023
Assessed value
$3,502,374
Assessed 2023
Previous assessed
$3,509,612
-0.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$2,901,680
Assessed improvement
$600,694
Land market value
$2,901,680
Improvement market value
$600,694
Total market value
$3,502,374
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,286 SF
Lot
0.7 ac (30,544 SF)
Zoning code
6061
APN
30-4021-003-0100
UPID
US18-6190610
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6061 · Miami, FL
Zoning 6061 · permitted uses
6061 · 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
FINANCIAL BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$3.0M
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Miafl Realty LLC
Entity
Mailing address
6180 NW 63RD WAY, PARKLAND, FL 33067-1522
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
$3,850,000
Miafl Realty LLC
Truist Bank
Special Warranty Deed
$5,775,000 · Us Century Bank
May 17, 2006
$650,000
Bankatlantic
Wachovia Bank NA
Grant Deed
—
Oct 24, 2001
$1,150,000
Southtrust Bank NA
Ocean Bank
Grant Deed
related
—
Dec 23, 1998
$425,000
Ocean Bank
W W Hutterli Estate
Grant Deed
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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