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Property profile & analytics
OFF-MARKET
Estimated value
$5,310,000
Banks
99 12th Ave Miami, FL 33130-1013
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6018215
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1939
Construction
CONCRETE
Total area
12,555 SF
Lot
0.56 ac (24,575 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-4102-005-2780
UPID
US18-6018215
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
-
Regions Mortgage Loan Service Bank
-
Regions Bank Bank Loan Service
-
WSS Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
ATM (Regions Bank) Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$5.31M
Owner & transaction history
Mmg Flagler 12 LLC · 2 yrs held
Mmg Flagler 12 LLC
since 2023
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami 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
$4,685,000
ML approach
$5,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$8,270,000
Current use
OFFICE BUILDING
$8,220,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,210,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$5.31M
Range $4.78M – $5.84M · ±10% · vs last sale $6.00M (Oct 30 2023)
Last sale anchor
$6.00M
Oct 30 2023
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
$423 / 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
$49,335
Tax year 2023
Assessed value
$3,204,750
Assessed 2023
Previous assessed
$2,700,000
+18.7% YoY
Effective rate
1.54%
On assessed value
Assessed land
$3,194,750
Assessed improvement
$10,000
Land market value
$3,194,750
Improvement market value
$10,000
Total market value
$3,204,750
Applied tax rate
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,555 SF
Lot
0.56 ac (24,575 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-4102-005-2780
UPID
US18-6018215
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$8.2M
FINANCIAL BUILDING Current
OFFICE BUILDING
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Mmg Flagler 12 LLC
Entity
Mailing address
9171 S DIXIE HWY, PINECREST, FL 33156-2907
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
$6,000,000
Mmg Flagler 12 LLC
Leatherwood Fraser LLC
Warranty Deed
$3,400,000 · Pacific National Bank
May 16, 2017
—
Leatherwood-fraser LLC
Fraser,david
Quit Claim 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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