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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Commercial land
84 28th Rd Miami, FL 33129-2843
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-5085784
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1948
Construction
CONCRETE
Total area
5,291 SF
Lot
0.26 ac (11,250 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
01-4138-009-0440
UPID
US18-5085784
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$970k
Owner & transaction history
The Roads Townhomes Incorporated · 2 yrs held
The Roads Townhomes Incorporated
since 2023
7 recorded transactions
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$183 / 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
$9,250
Tax year 2023
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$450,000
Land market value
$450,000
Total market value
$450,000
Applied tax rate
100.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1948
Construction
CONCRETE
Heating
NONE
Stories
2
Bathrooms
8
Total area
5,291 SF
Lot
0.26 ac (11,250 SF)
Zoning code
3900:MULTI-FAM,38-62 U/A
APN
01-4138-009-0440
UPID
US18-5085784
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3900:MULTI-FAM,38-62 U/A · Miami, FL
Zoning 3900:MULTI-FAM,38-62 U/A · permitted uses
3900:MULTI-FAM,38-62 U/A · 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.
Building & site characteristics
From public records
Year built
1948
Construction
CONCRETE
Heating
NONE
Stories
2
Bathrooms
8
Lot
0.26 ac
Current owner
From public records · entity-resolved
The Roads Townhomes Incorporated
Individual
Free & Clear · 2 yrs held
Mailing address
4745 SW 76TH TER, MIAMI, FL 33143-6134
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
—
The Roads Townhomes Incorporated
—
Deed
related
$8,296,454 · Grove Bank & Trust
Dec 13, 2023
—
The Roads Townhomes Incorporated
Westway Incorporated
Special Warranty Deed
—
Jun 10, 2021
$1,500,000
Westway Incorporated
The Roads 28 LLC
Warranty Deed
—
Aug 7, 2014
$1,340,000
Roads 28 LLC
Suarez,guillermo
Grant Deed
—
Oct 29, 2013
$75,000
Guillermo Suarez
Suarez,orietta
Quit Claim Deed
related
—
Oct 31, 2006
—
Orietta Suarez
Suarez,orietta
Quit Claim Deed
related
—
Aug 27, 1999
$290,000
Guillermo Suarez
Pearson,wilbur & Barbara
Grant Deed
$232,000 · Terrabank
—
—
Guillermo Suarez
—
Deed Of Trust
related
$161,759 · Terrabank
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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