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Property profile & analytics
FOR SALE
Outlet malls
Miami Beach, FL 33141
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3003334
For Sale
1 / 12
$425,000
Miami Beach, FL 33141
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1952
Construction
CONCRETE
Total area
12,383 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3202-003-1080
UPID
US18-3003334
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
$8.81M
CAP Approach
CAP
$6.22M
Comparable Approach
Comparable
$8.95M
Blend (final)
Blend
$7.87M
Owner & transaction history
7300 Collins Investment LLC · 5 yrs held
7300 Collins Investment LLC
since 2021
Last sale
$8.0M
4 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.2M
+31.4%
Commercial (general)
$9.2M
+31.0%
Office building
$8.4M
+20.9%
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
$8,955,000
ML approach
$8,805,000
CAP Approach
CAP Return
Estimation
6%
$6,735,000
6.5%
$6,215,000
7%
$5,770,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,990,000
Current use
RESTAURANT
$9,185,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,155,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$8,445,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,095,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$7.87M
Range $7.08M – $8.66M · ±10% · vs last sale $8.00M (Jan 6 2021)
Last sale anchor
$8.00M
Jan 6 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
$636 / 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
$129,743
Tax year 2023
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$3,900,000
Assessed improvement
$3,600,000
Land market value
$3,900,000
Improvement market value
$3,600,000
Total market value
$7,500,000
Applied tax rate
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
12,383 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
02-3202-003-1080
UPID
US18-3003334
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.0M
RESTAURANT
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
7300 Collins Investment LLC
Entity
Mailing address
210 71ST ST STE #309, MIAMI BEACH, FL 33141-3235
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
7300 Collins Investment LLC
—
Deed
related
$3,500,000 · Morgan Stanley Private Bank NA
Jan 6, 2021
$8,000,000
7300 Collins Investment LLC
Collins And 73rd Developers LLC
Special Warranty Deed
$5,000,000 · Vast Bank NA
Jul 11, 2016
$10,500,000
Collins & 73rd Developers LLC
Korakakos,peter
Warranty Deed
$7,000,000
Jun 1, 2015
—
Andre Korakakos
Korakakos Andre
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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