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    Property profile & analytics

    34 5Th Ave Florida City, FL 33034

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1548575
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 34 5Th Ave

    Year built
    1997
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 34 SW 5th Ave, Florida City, FL 33034, presents a unique investment opportunity. Situated on a substantial 23,000+ sq ft lot in Miami-Dade County, this 1997-built Special Purpose property currently operates as a thriving assisted living facility. The expansive layout includes 12 bedrooms and 5.5 bathrooms, catering to a significant resident capacity. A modern stainless-steel kitchen and ample dining areas are ideal for communal meals and gatherings. The impressive foyer leads to a living room with dramatic 20-foot ceilings, setting a sophisticated tone. A versatile screened porch offers potential for conversion into a recreational space, adding to the property's functionality. The property's exterior is enhanced by a comprehensive lighting system, illuminating the entire structure for both security and aesthetic enhancement. The asking price for this remarkable property is $2,700,000. This presents a rare chance to acquire a well-established assisted living facility with significant potential for growth and expansion in a desirable location. The property's size and features offer considerable flexibility for future adaptations and uses, making it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Florida City
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.483622
    Latitude
    25.4469739

    Comparable in this City

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      Homestead Acreage: Prime Development Land

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    • $1,650,000

      Profitable Florida Nursery Business

      Established Nursery, Turnkey Operation, High ROI
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    • $4,299,000

      Miami-Dade County Development Land

      10 Acres, Prime South Florida Location
      360th St & 167 Ave, Florida City, FL 33034
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    • $1,400,000
      2,569 SF

      Palm Drive Retail Center

      Homestead, FL retail investment
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    • $2,850,000

      Florida City Multifamily Investment Opportunity

      Two multifamily properties in up-and-coming Florida City neighborhood for sale.
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      View Details

    Similar Nearby for Sale

    • $648,500

      Homestead Acreage: Prime Development Land

      15.7 Acres, Zoned General, Development Potential
      0 392Nd St, Homestead, FL 33034
      View Details
    • $4,000,000

      Florida City Corner Lot Investment

      Prime Retail/Restaurant Location in Florida City
      41 Krome Ave, Florida City, FL 33034
      View Details
    • $1,650,000

      Profitable Florida Nursery Business

      Established Nursery, Turnkey Operation, High ROI
      Florida City, FL 33034
      View Details
    • $4,299,000

      Miami-Dade County Development Land

      10 Acres, Prime South Florida Location
      360th St & 167 Ave, Florida City, FL 33034
      View Details
    • $1,400,000
      2,569 SF

      Palm Drive Retail Center

      Homestead, FL retail investment
      401 Palm Dr, Homestead, FL 33034
      View Details
    • $2,850,000

      Florida City Multifamily Investment Opportunity

      Two multifamily properties in up-and-coming Florida City neighborhood for sale.
      421 NW 12Th St, Florida City, FL 33034
      View Details

    Similar Nearby for Lease

    • $1.86 SF/Yr
      9,667 SF

      Homestead Retail Space for Lease

      Prime Homestead location, 9,667 sq ft retail space.
      33521 Dixie Hwy, Homestead, FL 33034
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    • $2,000 /Mo

      Remodeled Two Bedroom Unit

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    • $1,500 /Mo

      Retail Space in High-Traffic Area

      Sub-rent space in busy salon, ideal for beauty-related services.
      33521 S Dixie Hwy, Homestead, FL 33034
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    • Contact for pricing
      7,034 SF

      Retail Space in Florida City

      Retail space with premier exposure and national tenants.
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    • $2,800 /Mo

      Remodeled Multifamily Property Available

      Move-in ready multifamily property with updated finishes and ample parking.
      667 NW 141St Ave, Homestead, FL 33034
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    • $2,000 /Mo

      Remodeled Apartment with Patio

      Updated apartment with backyard patio and ample parking.
      667 NW 14Th St, Florida City, FL 33034
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    34 5Th Ave
    Florida City, FL 33034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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