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Property profile & analytics
OFF-MARKET
Estimated value
$13,955,000
Banks
9600 Collins Ave Bal Harbour, FL 33154-2202
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-3127383
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
17,821 SF
Lot
0.98 ac (42,508 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
12-2226-032-0010
UPID
US18-3127383
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
-
Win with Wes Physician
-
GenSpring | SunTrust Private Wealth - Miami Financial Advisor
-
Truist Bank
-
Truist - ATM Atm
-
Spanish Teacher Language School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.96M
Owner & transaction history
Bal Harbour Village · 6 yrs held
Bal Harbour Village
since 2020
Last sale
$13.5M
4 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Bal Harbour, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.2M
+12.6%
Commercial (general)
$13.2M
+12.3%
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 Bal Harbour submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bal Harbour 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
by Request
ML approach
$12,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$11,735,000
Current use
RESTAURANT
$13,215,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,175,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,650,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$10,195,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$13.96M
Range $12.56M – $15.35M · ±10% · vs last sale $13.50M (Jun 1 2020)
Last sale anchor
$13.50M
Jun 1 2020
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
$783 / 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
$321,547
Tax year 2023
Assessed value
$23,882,962
Assessed 2023
Previous assessed
$23,916,240
-0.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$21,254,000
Assessed improvement
$2,628,962
Land market value
$21,254,000
Improvement market value
$2,628,962
Total market value
$23,882,962
Applied tax rate
1,200.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
1
Total area
17,821 SF
Lot
0.98 ac (42,508 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
12-2226-032-0010
UPID
US18-3127383
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Bal Harbour, FLZoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · Bal Harbour, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$11.7M
RESTAURANT
Est. value
$13.2M
COMMERCIAL (GENERAL)
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$11.7M
RETAIL STORES
Est. value
$10.2M
FINANCIAL BUILDING Current
RESTAURANT
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
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Bal Harbour Village
Individual
Free & Clear · 6 yrs held
Mailing address
655 96TH ST, SURFSIDE, FL 33154-2428
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
$12,750,000
Bal Harbour Village
Bal Harbour Shops Tract A LLC
Grant Deed
—
Dec 24, 2012
$13,500,000
Bal Harbour Shops Tract A LLC
Inland American St Florida Por
Grant Deed
—
Jun 29, 2011
—
Inland American St Florida Por
Inland American St Florida Por
Quit Claim Deed
—
Dec 4, 2007
—
Stflorida Portfolio LLC
Suntrust Bank
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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