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Property profile & analytics
OFF-MARKET
Estimated value
$14,130,000
Warehouses
900 Park Ctr Blvd Miami Gardens, FL 33169-5367
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4219523
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
CONCRETE
Total area
69,561 SF
Lot
9.07 ac (395,122 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2111-024-0010
UPID
US18-4219523
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.13M
Owner & transaction history
Park Centre Partners LLC · 6 yrs held
Park Centre Partners LLC
since 2019
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, 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 Gardens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Gardens 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%
$18,915,000
6.5%
$17,460,000
7%
$16,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$20,680,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,770,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$17,300,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$14.13M
Range $12.72M – $15.54M · ±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
$203 / 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
$330,244
Tax year 2023
Assessed value
$17,309,000
Assessed 2023
Previous assessed
$17,309,000
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$7,507,318
Assessed improvement
$9,801,682
Land market value
$7,507,318
Improvement market value
$9,801,682
Total market value
$17,309,000
Applied tax rate
3,400.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
69,561 SF
Lot
9.07 ac (395,122 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
34-2111-024-0010
UPID
US18-4219523
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · Miami Gardens, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Gardens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$20.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
OFFICE BUILDING
Est. value
$17.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
9.07 ac
Current owner
From public records · entity-resolved
Park Centre Partners LLC
Entity
Free & Clear · 6 yrs held
Mailing address
615 OCEAN BLVD, GOLDEN BEACH, FL 33160-2217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2019
$100
Park Centre Partners LLC
Concorde Palmetto Center LLC
Correction Deed
related
—
Oct 15, 2019
$19,400,000
Park Centre Partners LLC
Concorde Palmetto Center LLC
Special Warranty Deed
—
Apr 18, 2018
—
Concorde Palmetto Centre LLC
—
Loan Modification
related
$12,300,000 · Narrative Cap Fndg LLC
Jan 4, 2017
$12,000,000
Concorde Palmetto Centre LLC
900-1000 Park Centre Boulevard
Grant Deed
$10,480,000 · Private Individual
Oct 8, 2014
$6,100
900-1000 Park Centre Boulevard
Mariner Park Centre H Coc
Trustees Deed
—
Aug 3, 2007
$1,478,800
Tic Park Centre 24 LLC
Mariner Park Centre S LLC
Grant Deed
—
Jul 9, 2007
$1,795,700
Tic Park Centre 20 LLC
Mariner Park Centre S LLC
Grant Deed
—
Jun 27, 2007
$4,823,300
Tic Park Centre 14 LLC
Mariner Park Centres LLC
Grant Deed
—
May 25, 2007
$2,510,200
Tic Park Centre 13 LLC
Mariner Park Center S LLC
Grant Deed
—
Apr 13, 2007
$5,832,400
Tic Park Centre 4 LLC
Mariner Park Centre S LLC
Grant Deed
—
Mar 21, 2007
$5,859,600
Tic Park Centre 1 LLC
Mariner Park Centre S LLC
Grant Deed
—
Dec 15, 2006
$16,427,000
Mariner Park Centre S LLC
Brookwood Park Centre Investors LP
Special Warranty Deed
$11,350,000 · Citigroup Global Markets Realty Cor
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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