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Property profile & analytics
OFF-MARKET
Estimated value
$11,505,000
Manufacturing properties
2337 5th Ave Miami, FL 33127-4309
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1470042
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
CONCRETE
Total area
53,535 SF
Lot
1.06 ac (46,250 SF)
Zoning code
6101
APN
01-3125-034-0250
UPID
US18-1470042
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
$11.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.51M
Owner & transaction history
Malux Realty LLC · 11 yrs held
Malux Realty LLC
since 2015
7 recorded transactions
Zoning & alternative use
6101 · 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,985,000
6.5%
$11,065,000
7%
$10,275,000
Blend value · Realmo final
$11.51M
Range $10.35M – $12.66M · ±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
$215 / 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
$257,718
Tax year 2023
Assessed value
$16,455,851
Assessed 2023
Previous assessed
$16,802,191
-2.1% YoY
Effective rate
1.57%
On assessed value
Assessed land
$16,187,500
Assessed improvement
$268,351
Land market value
$16,187,500
Improvement market value
$268,351
Total market value
$16,455,851
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
53,535 SF
Lot
1.06 ac (46,250 SF)
Zoning code
6101
APN
01-3125-034-0250
UPID
US18-1470042
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FLZoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Malux Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
318 NW 23RD ST, MIAMI, FL 33127-4318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
—
2450 Northwest Realty LLC
—
Loan Modification
related
$161,000,000 · Db Mana Wynwood LLC
Sep 30, 2019
—
Malux Realty LLC
—
Loan Modification
related
$130,000,000 · Fortress Cr
Jul 24, 2018
—
Malux Realty LLC
—
Grant Deed
related
$20,125,000 · Centennial Bk
Mar 26, 2015
—
Malux Realty LLC
Melanie Holdings LLC
Grant Deed
related
—
Mar 24, 2015
—
Malux Realty LLC
Melanie Holdings LLC
Grant Deed
—
Aug 2, 2011
$7,000,000
Melanie Holdings LLC
Fifth Avenue Building LLC
Grant Deed
—
May 25, 2004
$5,900,000
Fifth Avenue Building LLC
Ingelmo,cristobal & Esther
Grant Deed
$4,000,000 · Colonial Bank
—
—
Malux Realty LLC
—
Deed Of Trust
related
$8,250,000 · C1 Bk
—
—
Cristobal Ingelmo
—
Deed Of Trust
related
$1,500,000 · Bankunited Fsb
—
—
Melanie Holdings LLC
—
Deed Of Trust
related
$6,370,000 · Banesco USA
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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