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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Retail residential properties
12501 5th Ave North Miami, FL 33161-4702
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-0479446
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1954
Construction
CONCRETE
Total area
3,007 SF
Lot
0.19 ac (8,491 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-025-0480
UPID
US18-0479446
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
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Forsaken Properties LLC · 6 yrs held
Forsaken Properties LLC
since 2020
Last sale
$475,000
7 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | North Miami, FL
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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami 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
$745,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $475k (Apr 20 2020)
Last sale anchor
$475k
Apr 20 2020
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
$213 / 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
$7,794
Tax year 2023
Assessed value
$560,253
Assessed 2023
Previous assessed
$236,000
+137.4% YoY
Effective rate
1.39%
On assessed value
Assessed land
$424,550
Assessed improvement
$135,703
Land market value
$424,550
Improvement market value
$135,703
Total market value
$560,253
Applied tax rate
600.0000
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
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
3
Bathrooms
2
Total area
3,007 SF
Lot
0.19 ac (8,491 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-025-0480
UPID
US18-0479446
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FLZoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | North Miami, FL
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Forsaken Properties LLC
Entity
Mailing address
1212 NE 117TH ST, MIAMI, FL 33161-6830
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
—
Forsaken Properties LLC
—
Deed
related
$495,600 · Hometown Equity Mortgage
Aug 16, 2021
—
Forsaken Properties LLC
—
Deed
related
$356,250 · Velocity Commercial Capital LLC
Apr 20, 2020
—
Forsakea Properties LLC
—
Correction Deed
related
$445,000 · Stembride Joan M Trust (rt)
Apr 15, 2020
$475,000
Forsaken Properties LLC
John M Stembridge
Warranty Deed
$445,000 · Stembridge John M Trust (rt)
Sep 28, 2015
—
Government Of Israel Trust
Cedeno,nicelinne D
Quit Claim Deed
related
—
Jul 22, 2015
—
Nicelinnede P Cedeno
Trust Government Of Israel
Quit Claim Deed
related
—
Jul 16, 2015
—
Trust Government Israel
Stembridge LLC
Quit Claim Deed
related
—
Dec 3, 2014
—
Trust Government Isarel
Stembridge LLC
Quit Claim Deed
related
—
Feb 18, 2014
—
Govt Of Israel
Stembridge,john M
Quit Claim Deed
related
—
Mar 6, 2013
$225,000
Stembridge LLC
Groves,charles H & Jennifer E
Warranty Deed
—
Oct 9, 2003
$150,000
Charles H Groves
Breslow,tr
Grant Deed
$85,000 · Wachovia Bank NA
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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