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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Office buildings
5803 151st St Ste 300 Miami Lakes, FL 33014-2478
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5166456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
13,336 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2024-036-0170
UPID
US18-5166456
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$2.97M
Owner & transaction history
Empyrean Townhomes LLC · 3 yrs held
Empyrean Townhomes LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, 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 Miami Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Lakes 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
$2,790,000
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
$4,120,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,790,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $3.00M (Sep 12 2022)
Last sale anchor
$3.00M
Sep 12 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
$223 / 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
$41,332
Tax year 2023
Assessed value
$2,400,480
Assessed 2023
Previous assessed
$2,400,480
+0.0% YoY
Effective rate
1.72%
On assessed value
Total market value
$2,400,480
Applied tax rate
3,200.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
13,336 SF
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
32-2024-036-0170
UPID
US18-5166456
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Miami Lakes, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
NONE
Current owner
From public records · entity-resolved
Empyrean Townhomes LLC
Entity
Mailing address
1474 W 84TH STA, HIALEAH, FL 33014-3363
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
Empyrean Townhomes LLC
—
Deed
related
$3,000,000 · Martinez Family Investments Limited
Sep 12, 2022
$3,000,000
Empyrean Townhomes LLC
Capital Office Suites LLC
Warranty Deed
$1,500,000 · The Frank Ippolito Revocable Trust
Apr 30, 2014
$700,000
Capital Office Suites LLC
General Elec Cap Corp
Grant Deed
—
Oct 2, 2012
$360,100
General Elec Cap Corp
F & F Ins LLC Coc
Trustees Deed
—
Nov 6, 2006
$2,747,900
F & F Insurance LLC
Miami Lakes Office Village LLC
Grant Deed
$3,267,315 · General Electric Capital Corp
—
—
F & F Insurance LLC
—
Deed Of Trust
related
$343,400 · General Electric Capital Corp
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.
Try Rey
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