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Property profile & analytics
OFF-MARKET
Commercial land
12184 98th Ave Hialeah, FL 33018-2940
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-6995026
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.88 ac (38,125 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
27-2032-003-0320
UPID
US18-6995026
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lenmart Investments LLC · 17 yrs held
Lenmart Investments LLC
since 2009
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Hialeah, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,567
Tax year 2023
Assessed value
$1,344,958
Assessed 2023
Previous assessed
$963,848
+39.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,334,375
Assessed improvement
$10,583
Land market value
$1,334,375
Improvement market value
$10,583
Total market value
$1,344,958
Applied tax rate
2,700.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.88 ac (38,125 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
27-2032-003-0320
UPID
US18-6995026
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Hialeah, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
Lenmart Investments LLC
Entity
Mailing address
12190 NW 98TH AVE STE #6, HIALEAH GARDENS, FL 33018-2932
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2009
—
Lenmart Investments LLC
Jt Dev Group INC
Warranty Deed
—
Jun 15, 2009
$525,000
Lenmart Investments LLC
Torres,kelli L
Warranty Deed
—
Feb 5, 2008
—
Kelli L Torres
Torres,oscar A
Quit Claim Deed
—
May 25, 2004
—
J T Development Group INC
Torres,oscar A & Kelli L
Quit Claim Deed
related
$97,000 · Jose A Faroy Estate
Oct 18, 2003
—
J T Development Group INC
Torres,oscar A & Kelli L
Quit Claim Deed
related
—
—
—
Lenmart Investments LLC
—
Loan Modification
related
$135,308 · Wells Fargo Bk
—
—
Lenmart Investments LLC
—
Deed Of Trust
related
$630,000 · Wachovia Bank NA
—
—
Jt Dev Group INC
—
Deed Of Trust
related
$65,000 · Richard & Lillian Monella
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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