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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Banks
9636 2nd Ave Miami Shores, FL 33138-2722
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US19-0311033
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1936
Construction
CONCRETE
Total area
11,312 SF
Lot
0.55 ac (23,850 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
11-3206-013-2500
UPID
US19-0311033
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$640k
Owner & transaction history
Palazzo Leoni LLC · 12 yrs held
Palazzo Leoni LLC
since 2013
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Shores, 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 Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Shores 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
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
$57 / 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
$59,131
Tax year 2023
Assessed value
$2,100,000
Assessed 2023
Previous assessed
$2,100,000
+0.0% YoY
Effective rate
2.82%
On assessed value
Assessed land
$961,250
Assessed improvement
$1,138,750
Land market value
$961,250
Improvement market value
$1,138,750
Total market value
$2,100,000
Applied tax rate
1,100.0000
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
1936
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
11,312 SF
Lot
0.55 ac (23,850 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
11-3206-013-2500
UPID
US19-0311033
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Shores, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Shores, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1936
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Palazzo Leoni LLC
Entity
Mailing address
PO BOX 381703, MIAMI, FL 33238-1703
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
Palazzo Leoni LLC
—
Deed
related
$2,004,959 · Northern Tr
May 20, 2015
—
Palazzo Leoni LLC
—
Deed Of Trust
related
$2,400,000 · Northern Tr
Dec 31, 2013
$2,425,000
Palazzo Leoni LLC
Everett,frances B
Warranty Deed
—
Apr 1, 2011
$3,084,000
Frances B Everett
Camp Biscayne Of Grove LLC
Deed In Lieu Of Foreclosure
—
Aug 1, 2005
$4,500,000
Camp Biscayne At The Grove LLC
Everett,henry A & Frances B
Warranty Deed
$3,700,000 · Henry A & Frances B Everett
Aug 1, 2005
—
Camp Biscayne At The Grove LLC
Owner,record
Grant Deed
related
—
—
—
Palazzo Leoni LLC
—
Loan Modification
related
$2,004,959 · Northern Tr
—
—
Frances B Everett
—
Deed Of Trust
related
$450,000 · J P Morgan Chase Bank
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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