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Property profile & analytics
OFF-MARKET
Estimated value
$5,885,000
Community centers
279 79th St Miami, FL 33138-4800
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-9313530
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Construction
CONCRETE
Total area
13,535 SF
Lot
1.01 ac (44,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3207-020-0300
UPID
US18-9313530
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
-
Western Union Bank Credit Union
-
Cafeteria Stop & Safe. Cafe & Coffee Shop
-
Macstar Laundromart (Bike/Boat/Book/etc) Store
-
Leocav Laundry (Bike/Boat/Book/etc) Store
-
Vine Varieties Salon & Supplies Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.72M
Blend (final)
Blend
$5.89M
Owner & transaction history
Aids Healthcare Foundation INC · 4 yrs held
Aids Healthcare Foundation INC
since 2022
Last sale
$6.0M
2 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
$8.9M
+130.0%
Commercial (general)
$6.7M
+72.9%
Retail stores
$6.0M
+56.6%
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
$5,790,000
ML approach
$5,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,845,000
Current use
AUTO REPAIR, GARAGE
$8,850,000
Change: +130% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,650,000
Change: +73% · Conversion: Easy
RETAIL STORES
$6,025,000
Change: +57% · Conversion: Easy
MEDICAL BUILDING
$5,945,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,025,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.89M
Range $5.30M – $6.47M · ±10% · vs last sale $6.00M (Apr 23 2022)
Last sale anchor
$6.00M
Apr 23 2022
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
$435 / 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
$111,422
Tax year 2023
Assessed value
$5,420,313
Assessed 2023
Previous assessed
$4,553,738
+19.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$4,400,000
Assessed improvement
$1,020,313
Land market value
$4,400,000
Improvement market value
$1,020,313
Total market value
$5,420,313
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
13,535 SF
Lot
1.01 ac (44,000 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3207-020-0300
UPID
US18-9313530
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$6.7M
RETAIL STORES
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1996
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Aids Healthcare Foundation INC
Entity
Free & Clear · 4 yrs held
Mailing address
6255 W SUNSET BLVD FL #21, LOS ANGELES, CA 90028-7422
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2022
$6,000,000
Aids Healthcare Foundation INC
Leocavlaundry LLC
Warranty Deed
—
Apr 30, 2003
—
Leocavlaundry LLC
Todo Rico Properties INC
Quit Claim Deed
related
—
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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