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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Assisted living facilities
1045 Palm Ave Hialeah, FL 33010-4008
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3036727
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1951
Construction
CONCRETE
Total area
3,371 SF
Lot
0.39 ac (16,875 SF)
Zoning code
4300:MULTI-FAMILY,2 STORY
APN
04-3118-003-0690
UPID
US18-3036727
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
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$655k
Owner & transaction history
Bridgeport Investments INC · 6 yrs held
Bridgeport Investments INC
since 2019
3 recorded transactions
Zoning & alternative use
4300:MULTI-FAMILY,2 STORY · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$970,000
+24.7%
Commercial (general)
$945,000
+21.8%
Retail stores
$910,000
+17.4%
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
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$194 / 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
$28,208
Tax year 2023
Assessed value
$2,688,750
Assessed 2023
Previous assessed
$1,670,000
+61.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$691,875
Assessed improvement
$1,996,875
Land market value
$691,875
Improvement market value
$1,996,875
Total market value
$2,688,750
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
16
Bathrooms
32
Total area
3,371 SF
Lot
0.39 ac (16,875 SF)
Zoning code
4300:MULTI-FAMILY,2 STORY
APN
04-3118-003-0690
UPID
US18-3036727
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4300:MULTI-FAMILY,2 STORY · Hialeah, FL
Zoning 4300:MULTI-FAMILY,2 STORY · permitted uses
4300:MULTI-FAMILY,2 STORY · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$635,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1951
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
16
Bathrooms
32
Lot
0.39 ac
Current owner
From public records · entity-resolved
Bridgeport Investments INC
Entity
Mailing address
7815 SW 83RD CT, MIAMI, FL 33143-3838
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2019
—
Bridgeport Investments INC
—
Deed
related
$200,000 · Wells Fargo Bank NA
—
—
Bridgeport Investments INC
—
Deed Of Trust
related
$150,000 · Mercantile Commerce Bank
—
—
Bridgeport Investments INC
—
Loan Modification
related
$150,000 · Mercantile Commerce 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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