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Property profile & analytics
OFF-MARKET
Estimated value
$18,305,000
Specialty properties
5300 16th Ave Hialeah, FL 33012-2104
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-5187873
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1980
Total area
42,183 SF
Lot
8.25 ac (359,370 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
04-2035-085-0020
UPID
US18-5187873
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
-
Dr. Leon Perlstein Physician
-
Las Palmas Senior Living Nursing Home Retirement Community
-
The Solaire at Las Palmas Village Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.31M
Owner & transaction history
Epworth Hialeah Fl LLC · 1 yrs held
Epworth Hialeah Fl LLC
since 2024
Last sale
$19.4M
3 recorded transactions
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.9M
+331.4%
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 Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah 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
$16,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,900,000
Change: +331% · Conversion: Difficult
Blend value · Realmo final
$18.31M
Range $16.47M – $20.14M · ±10% · vs last sale $19.40M (Apr 2 2025)
Last sale anchor
$19.40M
Apr 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
$434 / 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
Assessed value
$21,165,000
Assessed 2023
Previous assessed
$20,955,998
+1.0% YoY
Assessed land
$10,781,100
Assessed improvement
$10,383,900
Land market value
$10,781,100
Improvement market value
$10,383,900
Total market value
$21,165,000
Applied tax rate
400.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
7
Stories
3
Units
58
Bathrooms
290
Total area
42,183 SF
Lot
8.25 ac (359,370 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
04-2035-085-0020
UPID
US18-5187873
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Hialeah, FL
Zoning 4600:MULTI-FAMILY,5+STORY · permitted uses
4600:MULTI-FAMILY,5+STORY · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$11.9M
OFFICE BUILDING
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
1980
Heating
NONE
Cooling
Yes
Stories
3
Buildings
7
Units
58
Bathrooms
290
Lot
8.25 ac
Current owner
From public records · entity-resolved
Epworth Hialeah Fl LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1105 E COUNTY LINE RD STE #201, LAKEWOOD, NJ 08701-2178
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2024
—
Epworth Hialeah Fl LLC
Las Palmas Senior Living Propco LLC
Quit Claim Deed
related
—
Apr 28, 2023
$19,400,100
Las Palmas Senior Living Propco LLC
Epworth Village West INC
Special Warranty Deed
$34,762,500 · Vnb New York LLC
Apr 28, 2023
—
Epworth Hialeah Fl LLC
Las Palmas Senior Living Propco LLC
Lease
—
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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