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Property profile & analytics
OFF-MARKET
Automotive properties
5770 Progress Rd South Miami, FL 33143-3650
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US19-0909578
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1966
Construction
CONCRETE
Total area
4,292 SF
Lot
0.26 ac (11,500 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
09-4025-028-1120
UPID
US19-0909578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5700 Progress LLC · 9 yrs held
5700 Progress LLC
since 2017
6 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 South Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,999
Tax year 2023
Assessed value
$977,547
Assessed 2023
Previous assessed
$977,573
0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$862,500
Assessed improvement
$115,047
Land market value
$862,500
Improvement market value
$115,047
Total market value
$977,547
Applied tax rate
900.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,292 SF
Lot
0.26 ac (11,500 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
09-4025-028-1120
UPID
US19-0909578
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · South Miami, FL
Zoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
5700 Progress LLC
Entity
Mailing address
5770 PROGRESS RD, SOUTH MIAMI, FL 33143-3650
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2017
$1,600,000
5700 Progress LLC
Lemp International LLC
Special Warranty Deed
$1,920,000
Sep 10, 2007
$1,200,000
Pinifarina International LLC
Alberto Araujo
Warranty Deed
$1,372,500 · The International Bank Of Miami NA
Oct 7, 2004
—
Alberto Araujo
Araujo,alberto & Aleida
Quit Claim Deed
related
—
Dec 9, 1998
$940,000
Alberto Araujo
Strickland,robert N & Sharon
Grant Deed
$940,000 · Money Store Commercial Mtg
—
—
Alberto Araujo
—
Deed Of Trust
related
$386,738 · Terrabank
—
—
Alberto Araujo
—
Deed Of Trust
related
$115,000 · Terrabank
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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