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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
9811 Wayne Ave Palmetto Bay, FL 33157-5542
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-6216920
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
CONCRETE
Total area
1,648 SF
Lot
0.28 ac (12,144 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
33-5032-007-0070
UPID
US18-6216920
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$550k
Owner & transaction history
Legacy III Investments INC · 6 yrs held
Legacy III Investments INC
since 2019
5 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$830,000
+83.1%
Medical building
$725,000
+60.1%
Warehouse, storage
$490,000
+8.4%
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 Palmetto Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmetto Bay 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
$410,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
RETAIL STORES
$830,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$725,000
Change: +60% · Conversion: Easy
WAREHOUSE, STORAGE
$490,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$334 / 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
$10,522
Tax year 2023
Assessed value
$764,139
Assessed 2023
Previous assessed
$485,286
+57.5% YoY
Effective rate
1.38%
On assessed value
Assessed land
$667,920
Assessed improvement
$96,219
Land market value
$667,920
Improvement market value
$96,219
Total market value
$764,139
Applied tax rate
3,300.0000
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
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,648 SF
Lot
0.28 ac (12,144 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
33-5032-007-0070
UPID
US18-6216920
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, FLZoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Palmetto Bay, 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
OFFICE BUILDING Current
Est. value
$450,000
RETAIL STORES
Est. value
$830,000
MEDICAL BUILDING
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Legacy III Investments INC
Entity
Mailing address
9811 WAYNE AVE, PALMETTO BAY, FL 33157-5542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 17, 2019
$500,000
Legacy III Investments INC
Wayne Street LLC
Warranty Deed
$375,000 · Firstbank Puerto Rico
Feb 28, 2008
$155,000
Wayne Street LLC
Bayview Loan Servicing LLC
Grant Deed
—
Jan 16, 2008
—
Bayview Loan Servicing LLC
Baldeo,diprajh V Coc
Trustees Deed
related
—
Jun 3, 2005
—
Diprajh V Baldeo
Palmetto Bay Financials INC
Quit Claim Deed
$164,500 · Interbay Funding LLC
—
—
Wayne Street LLC
—
Deed Of Trust
related
$150,000 · Us Century 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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