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Property profile & analytics
OFF-MARKET
Estimated value
$6,345,000
Schools
5859 16th St Miami, FL 33155-2104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8440881
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1952
Construction
CONCRETE
Total area
13,511 SF
Lot
1.12 ac (48,780 SF)
Zoning code
8200:SCHOOLS & CHURCHES
APN
15-4012-000-0060
UPID
US18-8440881
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
-
KW Ministry Church
-
Somerset Academy Gables High School
-
Somerset AcademyGables (West Campus) High School
-
Eest Campus High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
Somerset Academy Foundation INC · 4 yrs held
Somerset Academy Foundation INC
since 2022
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
8200:SCHOOLS & CHURCHES · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+90.4%
Commercial (general)
$10.0M
+89.8%
Office building
$9.4M
+78.2%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
Method
Estimation
Statistic approach
by Request
ML approach
$6,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$5,260,000
Current use
RESTAURANT
$10,020,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,990,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$9,375,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,835,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$7,730,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,475,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$5,935,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.35M
Range $5.71M – $6.98M · ±10% · vs last sale $6.35M (Apr 25 2022)
Last sale anchor
$6.35M
Apr 25 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
$470 / 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
$2,596,037
Assessed 2023
Previous assessed
$2,596,037
+0.0% YoY
Assessed land
$1,463,400
Assessed improvement
$1,132,637
Land market value
$1,463,400
Improvement market value
$1,132,637
Total market value
$2,596,037
Applied tax rate
1,500.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
6
Total area
13,511 SF
Lot
1.12 ac (48,780 SF)
Zoning code
8200:SCHOOLS & CHURCHES
APN
15-4012-000-0060
UPID
US18-8440881
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
8200:SCHOOLS & CHURCHES · Miami, FL
Zoning 8200:SCHOOLS & CHURCHES · permitted uses
8200:SCHOOLS & CHURCHES · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$5.3M
RESTAURANT
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.9M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
MEDICAL 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
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
6
Lot
1.12 ac
Current owner
From public records · entity-resolved
Somerset Academy Foundation INC
Entity
Mailing address
6457 SUNSET DR, MIAMI, FL 33143-4649
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
$6,350,000
Somerset Academy Foundation INC
Centro Cristiano De Amor Y Fe INC
Warranty Deed
—
Dec 18, 2006
$3,000,000
Cristiano Deamor Y Fe I Centro
Hemc Asset Management Corp
Warranty Deed
$1,650,000 · Home Equity Mortgage
Dec 7, 2006
—
Hemc Asset Management Corp
Iglesia Bautista Redenci Coc
Trustees Deed
related
—
Sep 29, 2006
—
Home Equity Mortgage Corp
Iglesia Bautista Redenci Coc
Trustees Deed
related
—
Jan 21, 2005
—
Iglesia Bautista Redencion INC
—
Trustees Deed
related
$25,000 · Josefina Pardo
Aug 3, 2004
—
Iglesia Bautista Redencion INC
Iglesia Bautista Redencion INC
Quit Claim Deed
related
—
Feb 13, 2004
—
Attention Unlimited Center
Iglesia Bautista Redencion INC
Quit Claim Deed
related
—
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$675,000 · Quin Group INC
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$445,000 · Quinn Group INC
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$350,000 · Home Equity Mortgage
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$1,050,000 · Home Equity Mortgage
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$825,000 · Home Equity Mortgage
—
—
Iglesia Bautista Redencion INC
—
Deed Of Trust
related
$300,000 · Home Equity Mortgage
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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