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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Office buildings
920 119th St Miami, FL 33168-2339
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1575028
Property summary
AI-generated overview
This exceptional 3,720-square-foot industrial property, located at 920 NW 119th St, Miami, FL 33168, presents a unique investment opportunity. Classified as both Industrial and Special Purpose, this single-tenant building offers significant flexibility. The property's zoning designation is 6062, allowing for a wide range of uses. The building consists of one suite, making it ideal for a single occupant seeking a substantial space. Its adaptable nature makes it suitable for various businesses, including but not limited to churches, medical offices, private schools, car dealerships, markets, and convenience stores. The property's prime location in Miami offers excellent accessibility and visibility, making it an attractive proposition for businesses seeking a strategic foothold in a thriving market. The property's APN is 30-21-35-013-0070. This versatile space provides ample room for expansion and customization, catering to a diverse range of operational needs. Serious inquiries are encouraged to explore the potential of this exceptional property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
3,720 SF
Lot
0.2 ac (8,500 SF)
Zoning code
6062
APN
30-2135-013-0070
UPID
US18-1575028
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
-
Best Market Co LLC Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.34M
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$2.22M
Blend (final)
Blend
$2.06M
Owner & transaction history
Grm Property Management LLC · 2 yrs held
Grm Property Management LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
6062 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning and Zoning
Top alternative use upside
Commercial (general)
$2.8M
+8.4%
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
$2,555,000
ML approach
$2,335,000
CAP Approach
CAP Return
Estimation
6%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,535,000
Current use
COMMERCIAL (GENERAL)
$2,750,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,430,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$2,130,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $2.00M (Sep 22 2023)
Last sale anchor
$2.00M
Sep 22 2023
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
$554 / 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
$9,376
Tax year 2023
Assessed value
$545,489
Assessed 2023
Previous assessed
$545,489
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$297,500
Assessed improvement
$247,989
Land market value
$297,500
Improvement market value
$247,989
Total market value
$545,489
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
3,720 SF
Lot
0.2 ac (8,500 SF)
Zoning code
6062
APN
30-2135-013-0070
UPID
US18-1575028
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FLZoning 6062 · permitted uses
6062 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Grm Property Management LLC
Entity
Mailing address
6711 NW 119TH ST, MIAMI, FL 33168
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
$2,000,000
Grm Property Management LLC
Fwc Management INC
Warranty Deed
$1,500,000 · South State Bank NA
Nov 10, 2022
$1,600,000
Fwc Management INC
Kmq Holdings LLC
Warranty Deed
$1,200,000 · Synovus Bank
Oct 5, 2016
$750,000
Chekina International INC
20 Snyder Avenue Props LLC
Warranty Deed
$550,000 · Taylor Made Lending LLC
Sep 8, 2016
—
20 Snyder Avenue Props LLC
—
Deed
related
$35,000 · Richard B Carmel Invs LLC
Dec 9, 2013
—
20 Snyder Avenue Props LLC
Lugo,jose A
Quit Claim Deed
related
$1,500,000 · Cbus Snyder LLC
Jun 15, 2010
—
Jose A Lugo SR.
Mahadeo,randy J
Quit Claim Deed
related
—
Apr 21, 2010
—
Randy J Mahadeo
Concepcion,gaindia
Quit Claim Deed
related
—
Aug 9, 2001
$325,000
Concepcion Gaindia
Julius,rhoda M
Grant Deed
$197,000 · City First Mortgage Corp
—
—
Concepcion Gaindia
—
Deed Of Trust
related
$400,000 · Wachovia Bank NA
—
—
20 Snyder Avenue Props LLC
—
Deed Of Trust
related
$35,000 · Richard B Carmel Invs LLC
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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