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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Retail residential properties
1037 29th St Hialeah, FL 33012-5061
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5263260
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1960
Construction
CONCRETE
Total area
4,985 SF
Lot
0.18 ac (7,762 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3012-016-0390
UPID
US18-5263260
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
-
Queen Dollar Department Store
-
Sky Wired L&C Business Networking Company
-
La Perla Discount Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.41M
Owner & transaction history
1037 West 29 Family Company INC · 3 yrs held
1037 West 29 Family Company INC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+56.7%
Auto repair, garage
$1.8M
+29.2%
Neighborhood: shopping center
$1.4M
+2.4%
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 Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah 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
$1,700,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,400,000
Current use
MEDICAL BUILDING
$2,190,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,805,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,430,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,280,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.35M (Aug 9 2022)
Last sale anchor
$1.35M
Aug 9 2022
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
$283 / 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
$19,145
Tax year 2023
Assessed value
$1,020,000
Assessed 2023
Previous assessed
$498,000
+104.8% YoY
Effective rate
1.88%
On assessed value
Assessed land
$232,860
Assessed improvement
$787,140
Land market value
$232,860
Improvement market value
$787,140
Total market value
$1,020,000
Applied tax rate
400.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,985 SF
Lot
0.18 ac (7,762 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3012-016-0390
UPID
US18-5263260
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
1037 West 29 Family Company INC
Entity
Free & Clear · 3 yrs held
Mailing address
19150 SW 57TH CT, SOUTHWEST RANCHES, FL 33332-3339
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$1,350,000
1037 West 29 Family Company INC
Gesel Investors INC
Warranty Deed
—
Jul 10, 2017
—
Gesel Investors INC
—
Deed
related
$237,500 · Gsf Investment Co
Jul 2, 2014
$475,000
Gesel Investors INC
Paula,jorge L
Warranty Deed
$237,500 · Gsf Investment Co
Oct 11, 2013
$300,100
Jorge L Paula
Yolafer INC Coc
Trustees Deed
related
—
Jun 29, 2012
$400,000
Caridad Y Lamelas
Yolafer INC
Quit Claim Deed
related
—
Jul 14, 2008
—
Yolafer INC
Ramos,carlos E
Quit Claim Deed
related
$350,000 · Bank Of Coral Gables
—
—
Gesel Investors INC
—
Loan Modification
related
$237,500 · Gsf Investment Co
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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