Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Outlet malls
2638 28th Ln Miami, FL 33133-3135
Entity Owned
~
Est. High Equity
Property ID
US18-2007294
Property summary
AI-generated overview
This exceptional Miami retail property, located at 2638 SW 28th Ln, Miami, FL 33133, presents a compelling investment opportunity. Built in 1947, this 5,520 square foot space offers upgraded showroom/office flex space, perfectly suited for a variety of retail uses. Currently occupied by a tenant under a lease agreement extending through May 1, 2026, with an option for renewal, the property generates a substantial monthly gross income of $13,000. This consistent income stream provides immediate return on investment. The property's location in Miami-Dade County offers excellent access to major transportation routes and a thriving consumer market. The asking price for this turnkey retail investment is $3,599,000. Seller financing is available, making this an even more attractive proposition for qualified buyers. Detailed financial information regarding the tenant and income is available upon request. This property represents a rare opportunity to acquire a stable, high-income-producing retail asset in a prime Miami location. Don't miss out on this chance to secure a strong addition to your investment portfolio.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1947
Construction
CONCRETE
Total area
5,520 SF
Lot
0.14 ac (6,250 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-4115-008-3260
UPID
US18-2007294
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
Current use
Occupant on record · Public records
-
Kalos Elements Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.91M
Owner & transaction history
Overseas Agencies LLC
Overseas Agencies LLC
since 2025
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+47.3%
Restaurant
$4.1M
+24.7%
Auto repair, garage
$3.6M
+10.0%
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%
$3,000,000
6.5%
$2,770,000
7%
$2,575,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,280,000
Current use
OFFICE BUILDING
$4,835,000
Change: +47% · Conversion: Easy
RESTAURANT
$4,095,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,610,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10% · vs last sale $3.40M (Dec 2 2025)
Last sale anchor
$3.40M
Dec 2 2025
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
$526 / 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
$17,959
Tax year 2023
Assessed value
$1,244,000
Assessed 2023
Previous assessed
$716,135
+73.7% YoY
Effective rate
1.44%
On assessed value
Assessed land
$562,500
Assessed improvement
$681,500
Land market value
$562,500
Improvement market value
$681,500
Total market value
$1,244,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,520 SF
Lot
0.14 ac (6,250 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
01-4115-008-3260
UPID
US18-2007294
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,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
RETAIL STORES Current
Est. value
$3.3M
OFFICE BUILDING
Est. value
$4.8M
RESTAURANT
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1947
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Overseas Agencies LLC
Entity
Mailing address
101 SE 1ST ST, MIAMI, FL 33131-1401
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
$3,400,000
Overseas Agencies LLC
2638 Silver Bluff LLC
Warranty Deed
$2,400,000 · 2638 Silver Bluff LLC
Dec 7, 2012
$510,000
2638 Silver Bluff LLC
Bank Of The West
Grant Deed
—
Sep 11, 2012
$200
Bank Of The West
2638 Corp
Trustees Deed
related
—
Aug 30, 2012
$200
Plummer Joseph L JR Trust
2638 Corp Coc
Trustees Deed
related
—
—
—
2638 Corp
—
Deed Of Trust
related
$100,000 · Plummer Joseph L JR Trust (tr)
—
—
2638 Corp
—
Deed Of Trust
related
$100,000 · Plummer Joseph L JR Trust (tr)
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 2638 28th Ln?
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.
