Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5051 Biscayne Blvd Miami, FL 33137-3217

    • Schools
    • 7,401 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3252583
    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

    • Morningside Montessori School / Montessori School / Kindergarten
    • SantasGarden Christmas Trees/ Fireworks / Fireworks Store / Christmas Tree Farm
    • Bay Shore Lutheran Church / Lutheran Church

    Property Details for 5051 Biscayne Blvd

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.93 lot acres
    Property size
    7,401 SF
    Zone code
    8000:COMMUNITY FACILITY
    Property type
    Schools
    APN
    01-3219-006-0110
    APU
    132190060110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $373,000
      Market price range: $217k - $777k

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1866
    Latitude
    25.822
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $1,221,030
    $497,924
    $1,718,954
    -
    $1,221,030
    $497,924
    $1,718,954

    Comparable in this City

    • Value Estimation
      $290,000
      1,832 SF

      592 60th St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1,832 SF
      592 60th St, Miami, FL 33137-2246
      View Details
    • Value Estimation
      $280,000
      3,495 SF

      183 57th St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,495 SF
      183 57th St, Miami, FL 33137-2445
      View Details
    • Value Estimation
      $330,000
      2,145 SF

      242 26th St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 2,145 SF
      242 26th St, Miami, FL 33137-4512
      View Details
    • Value Estimation
      $875,000
      20,527 SF

      592 60th St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 20,527 SF
      592 60th St, Miami, FL 33137-2246
      View Details
    • Value Estimation
      $250,000
      1,728 SF

      6021 5th Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 1,728 SF
      6021 5th Ave, Miami, FL 33137
      View Details
    • Value Estimation
      $310,000
      4,352 SF

      2731 2nd Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 4,352 SF
      2731 2nd Ave, Miami, FL 33137-4416
      View Details

    Similar Nearby for Sale

    • $18,900,000

      Biscayne Bay Development Opportunity

      Prime Miami location, high-density potential.
      5220 Biscayne Blvd, Miami, FL 33137
      View Details
    • $685,000

      Profitable Service Business in Miami

      Turnkey service business with strong contracts and excellent cash flow.
      NE 27Th St, Miami, FL 33137
      View Details
    • $25,000,000

      State-of-the-Art Recording Studio

      Commercial zoned building with recording studio in the Design District.
      5020 Biscayne Blvd, Miami, FL 33137
      View Details
    • $1,999,999

      Edgewater Development Opportunity

      Miami T6-8-O Zoned Land, $2M
      133 24Th St, Miami, FL 33137
      View Details
    • $25,000,000

      DeBry Office Building: Salt Lake City

      10,282 SF Office Building - Fully Vacant
      5020 Biscayne Boulevard Way, Miami, FL 33137
      View Details
    • $10,630,000

      Edgewater Development Land

      Miami development site, 0.81 acres
      100 21St St, Miami, FL 33137
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Little Haiti Commercial Land Lease

      Prime Miami location, versatile zoning.
      5804 2Nd Ave, Miami, FL 33137
      View Details
    • $31 SF/Yr
      25,000 SF

      Upscale Miami Flex Warehouse

      Prime Miami flex space, ideal for creative businesses.
      5700 4Th Ave, Miami, FL 33137
      View Details
    • $55 SF/Yr
      9,419 SF

      Biscayne Blvd Retail Spaces For Lease

      Prime MiMo District Retail Opportunity
      5700 Biscayne Blvd, Miami, FL 33137
      View Details
    • $0.07 SF/Yr
      10,958 SF

      Prime Flex Space, Miami Design District

      10,958 SF Flex Space - Ideal Location
      3621 Miami Ct, Miami, FL 33137
      View Details
    • $55 SF/Yr
      7,500 SF

      Buena Vista Commercial Building

      7,500 SF Freestanding Office/Retail
      4900 2Nd Ave, Miami, FL 33137
      View Details
    • Contact for pricing
      29,407 SF

      Mohawk Wynwood Retail Spaces

      Wynwood retail, 12 suites, prime location.
      56 29Th St, Miami, FL 33137
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5051 Biscayne Blvd
    Miami, FL 33137-3217
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.