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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Community centers
620 49th St Hialeah, FL 33012-3607
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3036931
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1963
Construction
CONCRETE
Total area
10,455 SF
Lot
10.91 ac (475,212 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3001-018-0012
UPID
US18-3036931
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
-
Dr. Angela Coates OD Physician
-
Dr. Arsenio Arabitg Physician
-
Dr. Ali Khoshnevis Physician
-
Visionworks Optometrist Optician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Mall On Mile LLC · 23 yrs held
Mall On Mile LLC
since 2002
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+26.2%
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 Hialeah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hialeah 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%
$3,500,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,000,000
Current use
AUTO REPAIR, GARAGE
$3,785,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,930,000
Change: -2% · Conversion: Easy
RETAIL STORES
$2,685,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$227 / 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
$350,271
Tax year 2023
Assessed value
$21,600,000
Assessed 2023
Previous assessed
$21,600,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$8,078,604
Assessed improvement
$13,521,396
Land market value
$8,078,604
Improvement market value
$13,521,396
Total market value
$21,600,000
Applied tax rate
400.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
10,455 SF
Lot
10.91 ac (475,212 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
04-3001-018-0012
UPID
US18-3036931
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hialeah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1963
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
10.91 ac
Current owner
From public records · entity-resolved
Mall On Mile LLC
Entity
Mailing address
40 CUTTERMILL RD STE #206, GREAT NECK, NY 11021-3213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2015
—
Palm Springs Mile Assocs Ltd
—
Loan Modification
related
$140,000,000 · Miscellaneous Ins Co
Oct 21, 2002
—
Mall On Mile LLC
Palm Springs Mile Assoc Ltd
Trustees Deed
$27,000,000 · Credit Lyonnais New York
Nov 30, 2000
$952,500
Fp Florida LLC
Palm Springs Mile Associates
Grant Deed
—
—
—
Palm Springs Mile Associates
—
Deed Of Trust
related
$775,000 · Prudential Securities Group
—
—
Palm Springs Mile Associates
—
Deed Of Trust
related
$62,596 · Prudential Securities Credit
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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