Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
5975 Sunset Dr Ste 804a South Miami, FL 33143-5174
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1546831
Property summary
AI-generated overview
This 8-story, 1984-built office condo, located at 5975 Sunset Dr #603 in South Miami, Florida (33143), is offered at $530,000. The unit boasts a desirable layout including a reception area, a large treatment office with a sink, an exam room with a sink, two additional offices, and a kitchen. Currently leased, generating a monthly rental income of $3,900, this investment property offers an estimated net return rate of 7% annually. The property includes two assigned parking spaces, with an additional 20 spaces available on-site for customers and employees. Its prime location on the corner of South Dixie Hwy/US-1 and Sunset Drive (72nd St) provides exceptional convenience and visibility. The building is within walking distance of South Miami Hospital, the Miami Metrorail Station, and the Sunset Place Shops and restaurants, ensuring high foot traffic and accessibility. This presents a compelling opportunity for investors seeking a strong return on investment in a thriving South Miami location. The building is eight stories tall.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
1,391 SF
Zoning code
6506:COMMERCIAL
APN
09-4025-080-0390
UPID
US18-1546831
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
$890k
Blend (final)
Blend
$505k
Owner & transaction history
21st Century Phoenix Group LLC · 9 yrs held
21st Century Phoenix Group LLC
since 2016
3 recorded transactions
Zoning & alternative use
6506:COMMERCIAL · South Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+13.5%
Auto repair, garage
$910,000
+0.4%
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 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
Method
Estimation
Statistic approach
by Request
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
$905,000
Current use
COMMERCIAL (GENERAL)
$1,030,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$910,000
Change: +0% · Conversion: Difficult
RETAIL STORES
$795,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$363 / 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
$8,918
Tax year 2023
Assessed value
$465,985
Assessed 2023
Previous assessed
$521,625
-10.7% YoY
Effective rate
1.91%
On assessed value
Total market value
$465,985
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
1,391 SF
Zoning code
6506:COMMERCIAL
APN
09-4025-080-0390
UPID
US18-1546831
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6506:COMMERCIAL · South Miami, FLZoning 6506:COMMERCIAL · permitted uses
6506:COMMERCIAL · South Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$795,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Heating
NONE
Current owner
From public records · entity-resolved
21st Century Phoenix Group LLC
Entity
Mailing address
16325 SW 89TH CT, PALMETTO BAY, FL 33157-3547
Ownership since
2016
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
Dec 16, 2016
$490,000
21st Century Phoenix Group LLC
Jca Family Holdings INC
Grant Deed
$735,000 · Totalbank
Sep 22, 2005
$3,521,760
Jca Family Holdings INC
Sunset Station Investors LLC
Grant Deed
related
$2,500,000 · Zions First National Bank
Aug 9, 2005
$13,245,000
Sunset Station Investors LLC
Acp Of Sunset Station LLC
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5975 Sunset Dr Ste 804a?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
