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901 Pennsylvania Ave, Miami Beach, FL 33139
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Property summary
AI-generated overview
901 PENN is a mixed-use property in South Beach situated on a 7,500-square-foot corner lot at the intersection of Pennsylvania Avenue and 9th Street. The building contains six apartments and four ground-floor retail or office units, with the ground-level spaces facing Washington Avenue for street visibility. It is located in a high-activity, pedestrian-oriented area with proximity to hotels, restaurants, shopping, and nightlife, and provides walkability and access to transit, with Walk Score 95, Bike Score 77, and Transit Score 59. The property has undergone capital improvements that include a roof replacement completed in 2023, along with exterior painting and HVAC/AC unit replacements. The structure is configured for income-producing use as mixed residential and ground-floor commercial space, with potential for retail repositioning, owner-user occupancy, or redevelopment depending on applicable approvals.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1948
Construction
CONCRETE
Total area
7,387 SF
Lot
0.17 ac (7,500 SF)
Zoning code
4800:PLANNED RESID OFFICE
APN
02-4203-009-0220
UPID
US18-2634338
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$3.47M
Owner & transaction history
since 2022
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
4800:PLANNED RESID OFFICE · Miami Beach, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.47M
Value range
$3.12M – $3.81M
±10% around blend
Estimated value / SF
$469 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$3.12M
blend $3.47M
$3.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,387 SF
Lot area
0.17 ac
Year built
1948
Stories
1
APN
02-4203-009-0220
Zoning
4800:PLANNED RESID OFFICE
Assessed value
$3,100,000
Annual tax
$58,580
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$58,580
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.03M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.9 mi away · 8,765 SF
15.1 mi away · 5,743 SF
24.5 mi away · 5,752 SF
24.7 mi away · 5,225 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$835
-44%
County 734 sales
$674
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $469/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.70%
Selected cap rate for this retail residential properties
Derived from the Miami Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$127k *
Last sale · Feb 2022
$3.73M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.44M
Move the market yield to see immediate price impact.
Value / SF
$466
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$115k
$3.58M
$3.10M
$2.73M
$127k
$3.98M
$3.44M
$3.03M
$140k
$4.38M
$3.79M
$3.34M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.40M
9.5 mi · Apr 2026 · $293/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,580
Tax year 2023
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$3,100,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$1,300,000
Land market value
$1,800,000
Improvement market value
$1,300,000
Total market value
$3,100,000
Applied tax rate
200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1948
Construction
CONCRETE
Heating
NONE
Stories
1
Units
6
Bathrooms
5
Total area
7,387 SF
Lot
0.17 ac (7,500 SF)
Zoning code
4800:PLANNED RESID OFFICE
APN
02-4203-009-0220
UPID
US18-2634338
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4800:PLANNED RESID OFFICE · Miami Beach, FLZoning 4800:PLANNED RESID OFFICE · permitted uses
4800:PLANNED RESID OFFICE · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
CONCRETE
Heating
NONE
Stories
1
Units
6
Bathrooms
5
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
4800:PLANNED RESID OFFICE
Jurisdiction
Miami Beach, FL
Recorded code
4800:PLANNED RESID OFFICE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 4800:PLANNED RESID OFFICE in Miami Beach, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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