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    10921 5Th St Miami, FL 33174

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    10921 5Th St Miami, FL 33174

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    • Commercial real estate
    Off-Market
    Property ID
    US18-1599921
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10921 5Th St

    Year built
    1977
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully operational, 12-bed assisted living facility in Sweetwater, Florida, ideally situated near Florida International University. Built in 1977, this duplex property offers a compelling cap rate exceeding 9%, generating attractive earnings of $2,800 per bed through Social Security and Medicare payments. The facility is fully licensed and compliant, ensuring a smooth transition for the new owner. All operational aspects are in place, including a full kitchen, dedicated staff, provision of food, and all traditional assisted living services. The asking price is $3,000,000. This turnkey business presents a rare opportunity to acquire a profitable and established assisted living facility in a desirable location with strong potential for continued growth and success. The property is located at 10921 SW 5th St, Sweetwater, FL 33174, within Miami-Dade County. The property is classified as retail, with a business subtype.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3731978
    Latitude
    25.7642824

    Comparable in this City

    • Contact for pricing

      Retail Spaces Near FIU Campus

      Five retail spaces totaling 3,712 SF near FIU.
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      4,489 SF

      Former Bank Building For Sale

      Corner location former bank with drive-thru and dedicated parking.
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      Turnkey Boba Tea Shop Opportunity

      Profitable, established boba tea shop in prime Miami location.
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      Established Beauty Salon in Sweetwater

      Well-established beauty salon in a high-traffic Miami area.
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      Established Concrete Coating Business Opportunity

      Turnkey concrete coating and epoxy flooring business for sale.
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    Similar Nearby for Sale

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      Retail Spaces Near FIU Campus

      Five retail spaces totaling 3,712 SF near FIU.
      300 SW 107Th Ave, Sweetwater, FL 33174
      View Details
    • Contact for pricing

      Established Beauty Salon in Sweetwater

      Well-established beauty salon in a high-traffic Miami area.
      11400 W Flagler St, Sweetwater, FL 33174
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    • $35,000

      Established Concrete Coating Business Opportunity

      Turnkey concrete coating and epoxy flooring business for sale.
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      3,712 SF

      Retail Space Near FIU Campus

      Five retail units totaling 3,712 SF near FIU.
      300 SW 107Th Ave, Sweetwater, FL 33174
      View Details
    • Contact for pricing
      4,489 SF

      Former Bank Building For Sale

      Corner location former bank with drive-thru and dedicated parking.
      10781 W Flagler St, Miami, FL 33174
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    Similar Nearby for Lease

    • $2 SF/Yr
      14,000 SF

      Sweetwater Office/Retail Gem

      14,000 SF, Remodeled, Prime Location
      300 107Th Ave, Miami, FL 33174
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      1,426 SF

      Miami Retail Space For Rent

      Neighborhood shopping center with high visibility on Flagler Street.
      9501 W Flagler St, Miami, FL 33174
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    • $51 SF/Yr
      604 SF

      Sweetwater Retail Space - 604 SF

      Prime Sweetwater retail space, single tenant, great location.
      300 107Th Ave, Miami, FL 33174
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    • $1,200 /Mo

      Salon Suites Near FIU College

      Elegantly designed salon suites in a busy shopping center.
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      Little Havana Retail Space Available

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      Salon Suite in Prime Location

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    10921 5Th St
    Miami, FL 33174
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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