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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Retail residential properties
9578 40th St Miami, FL 33165-4036
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-6290366
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1965
Construction
CONCRETE
Total area
12,902 SF
Lot
0.54 ac (23,317 SF)
Zoning code
6062
APN
30-4021-004-0170
UPID
US18-6290366
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
$3.75M
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
9578 Bird Road LLC · 4 yrs held
9578 Bird Road LLC
since 2021
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
6062 · Miami, 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 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
$3,615,000
ML approach
$3,745,000
CAP Approach
CAP Return
Estimation
6%
$5,080,000
6.5%
$4,690,000
7%
$4,355,000
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $2.78M (Oct 1 2021)
Last sale anchor
$2.78M
Oct 1 2021
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
$273 / 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
$44,551
Tax year 2023
Assessed value
$3,001,748
Assessed 2023
Previous assessed
$3,001,748
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$2,215,115
Assessed improvement
$786,633
Land market value
$2,215,115
Improvement market value
$786,633
Total market value
$3,001,748
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,902 SF
Lot
0.54 ac (23,317 SF)
Zoning code
6062
APN
30-4021-004-0170
UPID
US18-6290366
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FL
Zoning 6062 · permitted uses
6062 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
9578 Bird Road LLC
Entity
Mailing address
696 NE 125TH ST, NORTH MIAMI, FL 33161-5546
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$2,775,000
9578 Bird Road LLC
Arcadian Holdings Miami LLC
Special Warranty Deed
$1,942,500 · Midfirst Bank
Jun 5, 2019
—
Arcadian Holdings Miami LLC
—
Deed
related
$1,575,000 · Marquis Bank
May 29, 2019
$2,120,000
Arcadian Holdings Miami LLC
Bordona Investments INC
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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