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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail residential properties
235 79th St Miami, FL 33138-4818
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-1573599
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1957
Construction
CONCRETE
Total area
2,554 SF
Lot
0.58 ac (25,100 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3207-020-0470
UPID
US18-1573599
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
$930k
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$1.02M
Owner & transaction history
79th Street Dev LLC · 5 yrs held
79th Street Dev LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning and Zoning
Top alternative use upside
Auto repair, garage
$1.7M
+33.1%
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%
$1,005,000
6.5%
$930,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,255,000
Current use
AUTO REPAIR, GARAGE
$1,670,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: -9% · Conversion: Easy
MEDICAL BUILDING
$1,120,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.09M (Nov 5 2020)
Last sale anchor
$1.09M
Nov 5 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
$399 / 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
$33,986
Tax year 2023
Assessed value
$2,764,729
Assessed 2023
Previous assessed
$2,262,766
+22.2% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,510,000
Assessed improvement
$254,729
Land market value
$2,510,000
Improvement market value
$254,729
Total market value
$2,764,729
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Buildings
4
Stories
2
Bathrooms
16
Total area
2,554 SF
Lot
0.58 ac (25,100 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3207-020-0470
UPID
US18-1573599
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1957
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
4
Bathrooms
16
Lot
0.58 ac
Current owner
From public records · entity-resolved
79th Street Dev LLC
Entity
Mailing address
1450 BRICKELL AVE STE #1690, MIAMI, FL 33131-3452
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
Apr 9, 2021
—
79th Street Development LLC
—
Deed
related
$1,250,000 · Dade County FCU
Nov 5, 2020
$1,086,300
79th Street Dev LLC
8045 Ne 1 Ave Prop LLC
Warranty Deed
—
Jun 8, 2017
$1,500,000
8045 Ne 1 Avenue Props LLC
Metro Gardens LLC
Warranty Deed
$750,000 · Metro Gardens LLC
Jun 30, 2010
$350,000
Lh3 LLC
Patronaggio,salvatore
Warranty Deed
—
Apr 14, 2008
—
Salvatore Patronaggio
—
Trustees Deed
related
$114,000 · Andrew Tobias
Dec 20, 2006
—
Salvatore Patronaggio
—
Trustees Deed
related
$50,000 · Andrew Tobias
—
—
Metro Gardens LLC
—
Deed Of Trust
related
$325,000 · Samir Moussa
—
—
Salvatore Patronaggio
—
Deed Of Trust
related
$200,000 · Michael Weiner Md Pa Psp/ (tr)
—
—
Salvatore Patronaggio
—
Deed Of Trust
related
$100,000 · Michael Weiner Md Pa Psp
—
—
Lh3 LLC
—
Deed Of Trust
related
$75,000 · Andrew Tobias
—
—
Lh3 LLC
—
Deed Of Trust
related
$275,000 · Michael Weiner
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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