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    Property profile & analytics

    5959 7th St Miami, FL 33126-3129

    • Hospitals
    • 163,497 SF
    • 4.54 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 04, 2022
    $60,000,000
    Location Intelligence
    Property ID
    US18-3679024
    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

    • miami anesthesia services / Medical Clinic
    • MIAMI CARE CENTER formerly known as PAN AMERICAN HOSPITAL / Nursing Home
    • Parkinson Care Center At Pan Amer / Medical Clinic
    • Dr. Xavier P. Anton, MD / Doctor
    • Mendoza-Calix Oscar M MD / Doctor

    Property Details for 5959 7th St

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    4.54 lot acres
    Property size
    163,497 SF
    Zone code
    8000:COMMUNITY FACILITY
    Property type
    Hospitals
    APN
    01-3051-004-0010
    APU
    130510040010

    Description

    This exceptional 5.15-acre commercial land parcel, located at 5959 NW 7th St, Miami, FL 33126 (APN 30-3036-002-0030), presents a unique redevelopment opportunity. Zoned IU-2 - Heavy Industrial Manufacturing, this property is situated in Miami-Dade County's Waterford Business District, offering excellent market positioning. Its strategic location is directly across a canal from the former Miami Medical Center and boasts proximity to Miami International Airport (approximately 6.5 miles east of downtown Miami). The surrounding area features a strong mix of high-quality office, residential, retail, and hotel developments, with significant institutional ownership. Given the limited availability of comparable development sites in the Miami market, this parcel offers investors a prime opportunity for various uses, including potentially complementary healthcare development. The property's desirable location within a well-established business district should prove attractive to a wide range of investors seeking a strategic foothold in Miami's thriving commercial landscape. Offers are being accepted with a deadline of Thursday, August 22nd, 2024.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2936
    Latitude
    25.7784
    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
    $700,259
    $3,958,080
    $30,107,173
    $34,065,253
    -
    $3,958,080
    $30,107,173
    $34,065,253

    Comparable in this City

    • Value Estimation
      $1,150,000
      3,174 SF

      5120 4th Ter

      HOMES (RETIRED, NURSING) • 3,174 SF
      5120 4th Ter, Miami, FL 33126-5012
      View Details
    • Value Estimation by Request
      88,917 SF

      7950 2nd St

      MEDICAL BUILDING • 88,917 SF
      7950 2nd St, Miami, FL 33126-8017
      View Details
    • Value Estimation
      $360,000
      2,512 SF

      4751 4th Ter

      HOMES (RETIRED, NURSING) • 2,512 SF
      4751 4th Ter, Miami, FL 33126-2115
      View Details
    • Value Estimation by Request

      6303 Waterford District Dr

      Office space
      6303 Waterford District Dr, Miami, FL 33126
      View Details
    • Value Estimation by Request
      53,228 SF

      1200 78Th Ave

      Medical offices • 53,228 SF
      1200 78Th Ave, Doral, FL 33126
      View Details
    • Value Estimation by Request
      153,429 SF

      5617 7th St

      HOMES (RETIRED, NURSING) • 153,429 SF
      5617 7th St, Miami, FL 33126-3216
      View Details

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    Miami, FL 33126-3129
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    Realmo Value Estimation

    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.

    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.

    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
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