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Property profile & analytics
OFF-MARKET
Estimated value
$8,025,000
Office buildings
960 Arthur Godfrey Rd Miami Beach, FL 33140-3326
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1740976
Property summary
AI-generated overview
This exceptional 800-square-foot office space is ideally situated in the highly desirable Mid-Miami Beach area, at 960 Arthur Godfrey Rd, Miami Beach, FL 33140. The property is a single-tenant office, perfect for a small business or professional seeking a prestigious address. The space boasts a fully furnished layout, including three individual offices, a spacious conference room, and a bathroom. All offices are fully networked, providing seamless connectivity for modern business operations. The building offers the convenience of 24/7 access, ensuring flexibility and accessibility for its occupants. The zoning designation is 6600. The APN is 02-32-22-019-0050. This turnkey solution eliminates the need for extensive setup and allows for immediate occupancy. Its prime location and upscale amenities make this an unparalleled opportunity for businesses seeking a sophisticated and efficient workspace in a vibrant and sought-after area of Miami Beach. Showings are readily available.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1961
Construction
CONCRETE
Total area
20,204 SF
Lot
0.13 ac (5,750 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-019-0050
UPID
US18-1740976
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
$8.03M
CAP Approach
CAP
$8.79M
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$8.03M
Owner & transaction history
Liat 960 LLC · 1 yrs held
Liat 960 LLC
since 2024
Last sale
$8.0M
5 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$8,025,000
ML approach
$8,025,000
CAP Approach
CAP Return
Estimation
6%
$9,520,000
6.5%
$8,790,000
7%
$8,160,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,115,000
Current use
AUTO REPAIR, GARAGE
$12,745,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.03M
Range $7.22M – $8.83M · ±10% · vs last sale $8.03M (Nov 21 2024)
Last sale anchor
$8.03M
Nov 21 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
$397 / 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
$46,368
Tax year 2023
Assessed value
$2,453,750
Assessed 2023
Previous assessed
$2,453,750
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,443,750
Assessed improvement
$10,000
Land market value
$2,443,750
Improvement market value
$10,000
Total market value
$2,453,750
Applied tax rate
200.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
3
Bathrooms
21
Total area
20,204 SF
Lot
0.13 ac (5,750 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-019-0050
UPID
US18-1740976
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Bathrooms
21
Lot
0.13 ac
Current owner
From public records · entity-resolved
Liat 960 LLC
Entity
Mailing address
1081 FLUSHING AVE LLC 6TH REED DR, ROSLYN, NY 11576
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
$8,025,000
Liat 960 LLC
1081 Flushing Avenue LLC
Warranty Deed
$6,000,000 · Intercredit Bank NA
Sep 2, 2009
$3,100,000
106 Knickerbocker Avenue LLC
Beach Gate LLC
Warranty Deed
$83,333 · Beach Gate LLC
Apr 12, 2001
$1,500,000
Beach Gate LLC
Konover,theodore S
Grant Deed
$1,050,000 · Northern Trust Bank Of Florida
—
—
Beach Gate LLC
—
Deed Of Trust
related
$1,400,000 · Unibank
—
—
Albaru Corp
—
Deed Of Trust
related
$1,145,000 · Ronruss Ptrs Ltd
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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