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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Office buildings
9551 Bay Hbr Dr Bay Harbor Islands, FL 33154-2110
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2548598
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
6,688 SF
Lot
0.53 ac (22,974 SF)
Zoning code
9200:GENERAL USE
APN
13-2227-001-0010
UPID
US18-2548598
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
$7.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.48M
Owner & transaction history
Tlc Okc Property Owner LLC · 1 yrs held
Tlc Okc Property Owner LLC
since 2024
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
9200:GENERAL USE · Bay Harbor Islands, 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 Bay Harbor Islands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay Harbor Islands 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
$7,475,000
ML approach
$7,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±10% · vs last sale $7.48M (Dec 20 2024)
Last sale anchor
$7.48M
Dec 20 2024
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
$1,118 / 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
$105,541
Tax year 2023
Assessed value
$7,476,550
Assessed 2023
Previous assessed
$7,476,550
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$7,466,550
Assessed improvement
$10,000
Land market value
$7,466,550
Improvement market value
$10,000
Total market value
$7,476,550
Applied tax rate
1,300.0000
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
6,688 SF
Lot
0.53 ac (22,974 SF)
Zoning code
9200:GENERAL USE
APN
13-2227-001-0010
UPID
US18-2548598
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
9200:GENERAL USE · Bay Harbor Islands, FL
Zoning 9200:GENERAL USE · permitted uses
9200:GENERAL USE · Bay Harbor Islands, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay Harbor Islands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Tlc Okc Property Owner LLC
Entity
Mailing address
1801 NE 123RD ST STE #300, NORTH MIAMI, FL 33181-2880
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 20, 2024
$7,476,600
Tlc Okc Property Owner LLC
One Kane Concourse LLC
Special Warranty Deed
$74,000,000 · 3650 Cal Bridge Kane LLC
Aug 3, 2020
—
La Maison 123 LLC
—
Deed
related
$31,000,000 · Other Institutional Lenders
Jan 6, 2020
—
La Maison 123 LLC
—
Deed
related
$27,900,000 · Other Institutional Lenders
Jan 23, 2018
—
Causeway Village LLC
—
Loan Modification
related
$15,500,000 · Miof Credit 1 LLC
Jul 27, 2017
—
Causeway Village LLC
—
Loan Modification
related
$15,500,000 · Miof Credit 1 LLC
Jun 24, 2014
—
Causeway Village LLC
—
Deed Of Trust
related
$13,000,000 · Maxim Credit Group LLC
—
—
One Kane Concourse LLC
—
Deed Of Trust
related
$1,700,000 · New York Community Bank
—
—
Coral Sea Towers INC
—
Deed Of Trust
related
$615,000 · Suntrust Bank NA
—
—
One Kane Concourse LLC
—
Deed Of Trust
related
$350,000 · Mellon United National Bank
—
—
La Maison 123 LLC
—
Loan Modification
related
$31,000,000 · Other Institutional Lenders
—
—
One Kane Concourse LLC
—
Deed Of Trust
related
$5,000,000 · Maxim Credit Corp
—
—
La Maison 123 LLC
—
Loan Modification
related
$27,900,000 · Other Institutional Lenders
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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