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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Assisted living facilities
70 21st St Hialeah, FL 33010-2732
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-8950776
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1968
Construction
CONCRETE
Total area
12,572 SF
Lot
0.31 ac (13,500 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
04-3107-018-2350
UPID
US18-8950776
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
-
Divine Living Hialeah Nursing Home Retirement Community
-
Salmos 23 Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.47M
Owner & transaction history
Sarepta 2 LLC · 7 yrs held
Sarepta 2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+24.7%
Commercial (general)
$3.5M
+21.8%
Retail stores
$3.4M
+17.4%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,895,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,610,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,525,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$3,395,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±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
$196 / 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
$46,063
Tax year 2023
Assessed value
$4,425,000
Assessed 2023
Previous assessed
$3,850,000
+14.9% YoY
Effective rate
1.04%
On assessed value
Assessed land
$675,000
Assessed improvement
$3,750,000
Land market value
$675,000
Improvement market value
$3,750,000
Total market value
$4,425,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
76
Bathrooms
7
Total area
12,572 SF
Lot
0.31 ac (13,500 SF)
Zoning code
4600:MULTI-FAMILY,5+STORY
APN
04-3107-018-2350
UPID
US18-8950776
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4600:MULTI-FAMILY,5+STORY · Hialeah, FL
Zoning 4600:MULTI-FAMILY,5+STORY · permitted uses
4600:MULTI-FAMILY,5+STORY · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES
Est. value
$3.4M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
76
Bathrooms
7
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sarepta 2 LLC
Entity
Mailing address
277 E 4TH ST, HIALEAH, FL 33010-4817
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Sarepta 2 LLC
—
Deed
related
$1,700,000 · New Wave Loans Residential LLC
Nov 20, 2019
—
Sarepta 2 LLC
—
Deed
related
$1,000,000 · No Limit Mtg Solutions INC
Mar 8, 2019
—
Sarepta 2 LLC
—
Deed
related
$625,000 · No Limit Mtg Solutions INC
Nov 9, 2018
$4,500,000
Sarepta 2 LLC
Hialeah Golden Investment LLC
Warranty Deed
$1,800,000 · No Limit Mtg Solutions INC
Jan 25, 2017
—
Hialeah Golden Investment LLC
—
Deed
related
$2,300,000 · Optimumbank
Jul 23, 2012
$1,900,000
Hialeah Golden Investment LLC
East Hialeah Inv Group LLC
Warranty Deed
$950,000 · Totalbank
Mar 4, 2010
$1,350,000
East Hialeah Inv Group LLC
Lalex III LLC
Warranty Deed
$1,100,000 · Private Funding Group INC
Oct 15, 2009
—
Lalex III LLC
Guacary Corp Hialeah H Coc
Trustees Deed
related
—
Sep 29, 2009
—
Mercantile Bk
Guacary Corp Hialeah H Coc
Trustees Deed
related
—
Jun 1, 2007
$61,500
Emelina C Medina
Medina,emelina C
Quit Claim Deed
related
—
—
—
Emelina C Medina
—
Deed Of Trust
related
$250,000 · Mercantile Bank
—
—
Sarepta 2 LLC
—
Deed Of Trust
related
$1,000,000 · No Limit Mtg Solutions INC
—
—
Guacary Corp
—
Deed Of Trust
related
$805,617 · Mercantile Bank
—
—
Emelina C Medina
—
Deed Of Trust
related
$750,000 · Sound Mortgage INC
—
—
Guacary Corp
—
Deed Of Trust
related
$1,000,000 · Mercantile Bank
—
—
Emelina C Medina
—
Deed Of Trust
related
$24,699 · Associates Home Equity Svc INC
—
—
Hialeah Golden Investment LLC
—
Loan Modification
related
$701,571 · Totalbank
—
—
Hialeah Golden Investment LLC
—
Deed Of Trust
related
$950,000 · Totalbank
—
—
Sarepta 2 LLC
—
Deed Of Trust
related
$625,000 · No Limit Mtg Solutions INC
—
—
Hialeah Golden Investment LLC
—
Deed Of Trust
related
$701,571 · Totalbank
—
—
Hialeah Golden Investment LLC
—
Deed Of Trust
related
$1,159,968 · Totalbank
—
—
Hialeah Golden Investment LLC
—
Deed Of Trust
related
$2,300,000 · Optimumbank
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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