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Property profile & analytics
OFF-MARKET
Estimated value
$10,025,000
Motels
935 Okeechobee Rd Hialeah, FL 33010-2911
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2980955
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
CONCRETE
Total area
10,446 SF
Lot
2 ac (87,106 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-3013-015-0050
UPID
US18-2980955
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
-
Chesapeake Hotel & Motel
-
Florida lottery Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.85M
Blend (final)
Blend
$10.03M
Owner & transaction history
Gateway Hialeah LLC · 4 yrs held
Gateway Hialeah LLC
since 2022
Last sale
$11.3M
5 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+63.8%
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
$8,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,800,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$10.03M
Range $9.02M – $11.03M · ±10% · vs last sale $11.30M (Jun 16 2022)
Last sale anchor
$11.30M
Jun 16 2022
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
$960 / 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
$168,923
Tax year 2023
Assessed value
$9,000,000
Assessed 2023
Previous assessed
$5,200,000
+73.1% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,890,200
Assessed improvement
$7,109,800
Land market value
$1,890,200
Improvement market value
$7,109,800
Total market value
$9,000,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
47
Bathrooms
86
Total area
10,446 SF
Lot
2 ac (87,106 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
04-3013-015-0050
UPID
US18-2980955
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Hialeah, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · 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
RESTAURANT
Est. value
$7.8M
RESTAURANT
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
1988
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
47
Bathrooms
86
Lot
2 ac
Current owner
From public records · entity-resolved
Gateway Hialeah LLC
Entity
Mailing address
16400 NW 59TH AVE, MIAMI LAKES, FL 33014-5602
Ownership since
2022
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
Jun 16, 2022
$11,300,000
Gateway Hialeah LLC
The Waves Of Hialeah INC
Warranty Deed
$7,910,000 · Centennial Bank
Feb 1, 2011
—
Waves Of Hialeah INC
—
Deed Of Trust
related
$2,512,715 · Ocean Bank
—
—
Waves Of Hialeah INC
—
Loan Modification
related
$2,270,316 · Ocean Bk
—
—
Waves Of Hialeah INC
—
Loan Modification
related
$2,270,316 · Ocean Bk
—
—
Waves Of Hialeah INC
—
Deed Of Trust
related
$4,000,000 · Ocean Bk
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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