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Property profile & analytics
OFF-MARKET
Estimated value
$66,875,000
Community centers
9191 Flagler St Miami, FL 33174-2405
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7183185
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2014
Construction
CONCRETE
Total area
120,992 SF
Lot
31.85 ac (1,387,318 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-4004-085-0010
UPID
US18-7183185
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
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
-
Subway Take-out & Catering
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
EcoATM Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$87.96M
Comparable Approach
Comparable
$59.99M
Blend (final)
Blend
$66.88M
Owner & transaction history
Mg3 Flagler Retail LLC · 4 yrs held
Mg3 Flagler Retail LLC
since 2022
Last sale
$70.0M
2 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$89.7M
+160.9%
Commercial (general)
$89.5M
+160.1%
Office building
$82.5M
+140.0%
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
$67,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$95,280,000
6.5%
$87,955,000
7%
$81,670,000
Alternative Use
Use
Estimation
RESTAURANT
$89,725,000
Change: +161% · Conversion: Difficult
COMMERCIAL (GENERAL)
$89,450,000
Change: +160% · Conversion: Easy
OFFICE BUILDING
$82,530,000
Change: +140% · Conversion: Moderate
AUTO REPAIR, GARAGE
$79,105,000
Change: +130% · Conversion: Difficult
RETAIL STORES
$69,215,000
Change: +101% · Conversion: Easy
MEDICAL BUILDING
$53,135,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$66.88M
Range $60.19M – $73.56M · ±10% · vs last sale $70.00M (Feb 28 2022)
Last sale anchor
$70.00M
Feb 28 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
$553 / 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
$969,253
Tax year 2023
Assessed value
$56,834,000
Assessed 2023
Previous assessed
$41,072,000
+38.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$23,584,406
Assessed improvement
$33,249,594
Land market value
$23,584,406
Improvement market value
$33,249,594
Total market value
$56,834,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2014
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
120,992 SF
Lot
31.85 ac (1,387,318 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-4004-085-0010
UPID
US18-7183185
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Miami, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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
RESTAURANT
Est. value
$89.7M
COMMERCIAL (GENERAL)
Est. value
$89.5M
OFFICE BUILDING
Est. value
$82.5M
AUTO REPAIR, GARAGE
Est. value
$79.1M
RETAIL STORES
Est. value
$69.2M
MEDICAL BUILDING
Est. value
$53.1M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2014
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
31.85 ac
Current owner
From public records · entity-resolved
Mg3 Flagler Retail LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2980 NE 207TH ST STE #603, AVENTURA, FL 33180-1464
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$70,000,000
Mg3 Flagler Retail LLC
Cjuf III Flagler LLC
Special Warranty Deed
—
May 1, 2012
$22,000,000
Cjuf III Flagler LLC
Fontainbleau Lakes LLC
Grant Deed
—
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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