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Property profile & analytics
OFF-MARKET
Estimated value
$7,845,000
Outlet malls
9020 Biscayne Blvd Miami Shores, FL 33138-3222
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4189104
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Construction
CONCRETE
Total area
15,644 SF
Lot
1.07 ac (46,494 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
11-3206-011-0120
UPID
US18-4189104
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
$6.89M
CAP Approach
CAP
$7.85M
Comparable Approach
Comparable
$8.67M
Blend (final)
Blend
$7.85M
Owner & transaction history
Pink Investment LLC · 4 yrs held
Pink Investment LLC
since 2022
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.9M
+70.4%
Restaurant
$11.6M
+66.6%
Auto repair, garage
$10.2M
+46.9%
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
Method
Estimation
Statistic approach
$7,165,000
ML approach
$6,885,000
CAP Approach
CAP Return
Estimation
6%
$8,505,000
6.5%
$7,850,000
7%
$7,290,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,965,000
Current use
OFFICE BUILDING
$11,865,000
Change: +70% · Conversion: Easy
RESTAURANT
$11,600,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,230,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,685,000
Change: +10% · Conversion: Easy
MEDICAL BUILDING
$6,870,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.85M
Range $7.06M – $8.63M · ±10% · vs last sale $8.24M (Jan 13 2022)
Last sale anchor
$8.24M
Jan 13 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
$501 / 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
$144,151
Tax year 2023
Assessed value
$6,800,000
Assessed 2023
Previous assessed
$4,082,700
+66.6% YoY
Effective rate
2.12%
On assessed value
Assessed land
$3,719,520
Assessed improvement
$3,080,480
Land market value
$3,719,520
Improvement market value
$3,080,480
Total market value
$6,800,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
15,644 SF
Lot
1.07 ac (46,494 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
11-3206-011-0120
UPID
US18-4189104
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.0M
OFFICE BUILDING
Est. value
$11.9M
RESTAURANT
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$6.9M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1996
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Pink Investment LLC
Entity
Mailing address
24016 VIS MONTANA, TORRANCE, CA 90505-6462
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$8,243,000
Pink Investment LLC
9020 Miami Shores LLC
Special Warranty Deed
—
Nov 30, 2021
—
Walgreen Co
9020 Miami Shores LLC
Lease
—
Nov 30, 2021
$4,900,000
9020 Miami Shores LLC
Lndmrk Wags LLC
Special Warranty Deed
$3,732,000 · Wintrust Bank NA
Oct 8, 2020
$3,925,000
Lndmrk Wags LLC
Wal Miami LLC
Warranty Deed
—
May 26, 2016
—
Wal Miami LLC
—
Deed
related
$2,400,000 · Banco Popular
Feb 22, 2012
$2,900,000
Wal Miami LLC
Bujulo INC
Warranty Deed
—
Jan 6, 1998
$1,110,958
Bujolo INC
Shorewal Ltd
Grant Deed
—
—
—
Wal Miami LLC
—
Deed Of Trust
related
$2,400,000 · Banco Popular
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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