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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Turn key restaurants
90 39th St, Miami, FL 33137-3643
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1540574
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
CONCRETE
Total area
13,624 SF
Lot
0.31 ac (13,650 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-029-0130
UPID
US18-1540574
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
-
Swan Upstairs Bar & Pub Nightclub
-
Swan Bar & Pub
-
Zipcar Car Rental Facility
-
Luxury Living Furniture & Home Goods Home Decor 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
$1.83M
Owner & transaction history
Monte Carlo Associates Ltd · 25 yrs held
Monte Carlo Associates Ltd
since 2000
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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
$142,857
Tax year 2023
Assessed value
$12,043,750
Assessed 2023
Previous assessed
$11,000,000
+9.5% YoY
Effective rate
1.19%
On assessed value
Assessed land
$11,943,750
Assessed improvement
$100,000
Land market value
$11,943,750
Improvement market value
$100,000
Total market value
$12,043,750
Applied tax rate
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
13,624 SF
Lot
0.31 ac (13,650 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-029-0130
UPID
US18-1540574
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · 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.
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Monte Carlo Associates Ltd
Entity
Free & Clear · 25 yrs held
Mailing address
3841 NE 2ND AVE STE #400, MIAMI, FL 33137-3699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2021
—
Newtek Small Business Finance LLC
—
Deed
related
$155,000 · Louis J Terminello
Mar 3, 2020
—
Oak Plaza Associates Del LLC
—
Deed
related
$490,000,000 · Bank Of America
Aug 30, 2018
—
Oak Plaza Associates Del LLC
—
Loan Modification
related
$490,000,000 · Deutsche Bk Ag/ny Branch
Jul 27, 2017
—
Oak Plaza Associates Del LLC
—
Loan Modification
related
$490,000,000 · Deutsche Bk Ag
Jul 30, 2013
—
Ben Newton LLC
—
Loan Modification
related
$251,500,000 · Hsbc Bank USA
Oct 3, 2012
—
39th St Del LLC
—
Deed Of Trust
related
$23,180,000 · Credit Agricole Corp & Inv Bk
Jan 18, 2012
—
39th St Del LLC
—
Deed Of Trust
related
$5,000,000 · Credit Agricole Corp & Inv Bk
Dec 5, 2011
—
39th St Del LLC
—
Deed Of Trust
related
$60,000,000 · Credit Agricole Corp & Inv Bk
Mar 8, 2011
—
39th St Del LLC
—
Deed Of Trust
related
$45,000,000 · Credit Agricole Corp & Inv Bk
Aug 18, 2000
$662,500
Monte Carlo Associates Ltd
Laverne Galleries INC
Grant Deed
—
—
—
Oak Plaza Associates Del LLC
—
Loan Modification
related
$490,000,000 · Deutsche Bk Ag/ny Branch
—
—
Oak Plaza Associates Del LLC
—
Loan Modification
related
$490,000,000 · Bank Of America
—
—
Monte Carlo Associates Del L
—
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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