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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
9851 Evergreen St Palmetto Bay, FL 33157-5441
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3391475
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Construction
CONCRETE
Total area
1,349 SF
Lot
0.33 ac (14,500 SF)
Zoning code
4100:MULTI-FAMILY,101+U/A
APN
33-5032-004-2570
UPID
US18-3391475
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
$620k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Southeastern Conference Association · 5 yrs held
Southeastern Conference Association
since 2021
Last sale
$543,750
1 recorded transaction
Zoning & alternative use
4100:MULTI-FAMILY,101+U/A · Palmetto Bay, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$880,000
+48.9%
Retail stores
$675,000
+14.3%
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 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
$625,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$375,000
7%
$350,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$590,000
Current use
AUTO REPAIR, GARAGE
$880,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $544k (Jun 3 2021)
Last sale anchor
$544k
Jun 3 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
$434 / 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
$12,612
Tax year 2023
Assessed value
$720,915
Assessed 2023
Previous assessed
$721,256
0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$652,500
Assessed improvement
$68,415
Land market value
$652,500
Improvement market value
$68,415
Total market value
$720,915
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,349 SF
Lot
0.33 ac (14,500 SF)
Zoning code
4100:MULTI-FAMILY,101+U/A
APN
33-5032-004-2570
UPID
US18-3391475
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4100:MULTI-FAMILY,101+U/A · Palmetto Bay, FL
Zoning 4100:MULTI-FAMILY,101+U/A · permitted uses
4100:MULTI-FAMILY,101+U/A · Palmetto Bay, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmetto Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$880,000
RETAIL STORES
Est. value
$675,000
MEDICAL BUILDING Current
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
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Southeastern Conference Association
Individual
Mailing address
1701 ROBIE AVE, MOUNT DORA, FL 32757-6339
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2021
$543,750
Southeastern Conference Association
Denise Charayne Kufeldt Ferrer
Warranty 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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