Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Assisted living facilities
2028 5th St Miami, FL 33125-3404
Individually Owned
2-yr Hold
Free & Clear
Property ID
US19-0188275
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1925
Construction
CONCRETE
Total area
1,615 SF
Lot
0.17 ac (7,500 SF)
Zoning code
5700:DUPLEXES,GENERAL
APN
01-4103-008-0640
UPID
US19-0188275
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$620k
Owner & transaction history
Ivette Cruz · 2 yrs held
Ivette Cruz
since 2024
Last sale
$702,000
7 recorded transactions
Zoning & alternative use
5700:DUPLEXES,GENERAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+137.4%
Commercial (general)
$825,000
+111.9%
Office building
$750,000
+93.3%
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 Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$550,000
ML approach
$525,000
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)
$390,000
Current use
RETAIL STORES
$925,000
Change: +137% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$710,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$480,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $702k (Oct 27 2023)
Last sale anchor
$702k
Oct 27 2023
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
$384 / 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
$10,808
Tax year 2023
Assessed value
$593,473
Assessed 2023
Previous assessed
$476,247
+24.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$359,908
Assessed improvement
$233,565
Land market value
$359,908
Improvement market value
$233,565
Total market value
$593,473
Applied tax rate
100.0000
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
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
4
Total area
1,615 SF
Lot
0.17 ac (7,500 SF)
Zoning code
5700:DUPLEXES,GENERAL
APN
01-4103-008-0640
UPID
US19-0188275
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
5700:DUPLEXES,GENERAL · Miami, FL
Zoning 5700:DUPLEXES,GENERAL · permitted uses
5700:DUPLEXES,GENERAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. 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
$390,000
RETAIL STORES
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$825,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ivette Cruz
Individual
Free & Clear · 2 yrs held
Mailing address
16018 KILMARNOCK DR, MIAMI LAKES, FL 33014-6517
Ownership since
2024
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
Mar 4, 2024
—
Ivette Cruz
Mark F Cirelli
Correction Deed
related
—
Oct 27, 2023
$702,000
The Ivette Cruz Family Revocable Tr
Mark F Cirelli
Deed
$702,000 · The Markette Land Trust
Apr 28, 2015
$225,000
Mark F Cirelli
Wells Fargo Bank NA
Special Warranty Deed
$168,750 · Civic Financial Services INC
Mar 18, 2015
$100,100
Wells Fargo Bank NA 2007-ncw Tr
Castillo Carlos Coc
Trustees Deed
related
—
Mar 17, 2015
$100,100
Wells Fargo Bank NA 2007-ncw Tr
Castillo Carlos Coc
Trustees Deed
related
—
Jul 23, 2014
$100,100
Wells Fargo Bank NA 2007-ncw Tr
Castillo,carlos Coc
Trustees Deed
related
—
Aug 7, 2008
$420,000
Leonor Sifredo
Castillo,carlos
Warranty Deed
—
Mar 21, 2007
$465,000
Carlos Castillo
Leonides Gonzalez
Warranty Deed
$418,500 · New Century Mortgage Corp
Jan 15, 2002
$55,800
Leonides Gonzalez
Gonzalez,ramon & Celida E
Quit Claim Deed
related
—
—
—
Ramon Gonzalez
—
Deed Of Trust
related
$131,849 · Nationsbank
—
—
Mark F Cirelli
—
Deed Of Trust
related
$183,600 · Supreme Lndg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2028 5th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
