2638 28th Ln Miami, FL 33133-3135
Entity Owned
~
Est. High Equity
Estimated value (blended)
$2.91M
Range $2.61M – $3.20M (±10%)
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
Current use
Occupant on record · Public records
-
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
since 2025
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Miami, FL
Top alternative use upside
Office building
$4.8M
+47.3%
Restaurant
$4.1M
+24.7%
Auto repair, garage
$3.6M
+10.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.91M
Value range
$2.61M – $3.20M
±10% around blend
Estimated value / SF
$526 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$2.61M
blend $2.91M
$3.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,520 SF
Lot area
0.14 ac
Year built
1947
Stories
1
APN
01-4115-008-3260
Assessed value
$1,244,000
Annual tax
$17,959
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.77M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.00M
@ 6.5% CAP return
$2.77M
@ 7% CAP return
$2.58M
4
Sales comparison
Partial preview
Sales approach indication
$2.71M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.6 mi away · 4,900 SF
4.8 mi away · 4,750 SF
4.8 mi away · 4,725 SF
6.2 mi away · 4,531 SF
6.9 mi away · 6,434 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 25 sales
$595
-11%
Submarket 997 sales
$572
-8%
County 1136 sales
$507
+4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $526/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+47%
vs current-use indication
Restaurant
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.40M
Move the market yield to see immediate price impact.
Value / SF
$616
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$214k
$4.28M
$3.06M
$2.38M
$238k
$4.76M
$3.40M
$2.64M
$262k
$5.24M
$3.74M
$2.91M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$1.54M
3.7 mi · Feb 2026 · $338/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7000:INDUSTRIAL,GENERAL
Jurisdiction
Miami, FL
Recorded code
7000:INDUSTRIAL,GENERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7000:INDUSTRIAL,GENERAL in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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