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Property profile & analytics
OFF-MARKET
Estimated value
$405,000
Manufacturing properties
970 23rd St Hialeah, FL 33010-2014
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6005511
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Total area
4,004 SF
Zoning code
7200:INDUSTRIAL,MED MFG
APN
04-3012-074-0010
UPID
US18-6005511
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
-
Ap Hernandez Lawn Sprinkler General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$405k
Owner & transaction history
Artex Optical Supplies INC · 8 yrs held
Artex Optical Supplies INC
since 2018
7 recorded transactions
Zoning & alternative use
7200:INDUSTRIAL,MED MFG · Hialeah, 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 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
Blend value · Realmo final
$405k
Range $365k – $446k · ±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
$101 / 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
$6,764
Tax year 2023
Assessed value
$360,360
Assessed 2023
Previous assessed
$360,360
+0.0% YoY
Effective rate
1.88%
On assessed value
Total market value
$360,360
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1963
Heating
NONE
Total area
4,004 SF
Zoning code
7200:INDUSTRIAL,MED MFG
APN
04-3012-074-0010
UPID
US18-6005511
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7200:INDUSTRIAL,MED MFG · Hialeah, FLZoning 7200:INDUSTRIAL,MED MFG · permitted uses
7200:INDUSTRIAL,MED MFG · Hialeah, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Current owner
From public records · entity-resolved
Artex Optical Supplies INC
Entity
Mailing address
1198 W 23RD ST, HIALEAH, FL 33010-1949
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
$400,000
Artex Optical Supplies INC
H & H Coffee Group Export Corp
Warranty Deed
$340,000 · Branch Bk&tr
Mar 23, 2017
$365,000
H & H Coffee Group Export Corp
Pbf Sterling LLC
Warranty Deed
$246,581 · Pbf Sterling LLC
Jun 6, 2014
$188,900
Pbf Sterling LLC
Sterling Commerce Park LLC
Grant Deed
—
Jun 6, 2014
—
Sterling Commerce Park LLC
Ap Hernandez Lawn & Sprinkle
Quit Claim Deed
related
—
Oct 30, 2009
$500,000
Hernandez Lawn Sprinklers C Ap
23rd Street Sterling LLC
Warranty Deed
$450,000 · Sterling Commerce Park LLC
Sep 30, 2009
$200,000
23rd Street Sterling LLC
Bfg Real Estate Holdings INC
Warranty Deed
—
Aug 28, 2009
—
Bfg Real Estate Holdings INC
Great Florida Bank
Quit Claim Deed
related
—
Jul 28, 2009
—
Great Florida Bank
Suave Real Estate Inv Coc
Trustees Deed
related
—
Jul 5, 2007
$465,000
Suave Real Estate Inv Corp
Trojan Sterling LLC
Grant Deed
$372,000 · Great Florida Bank
—
—
Pbf Sterling LLC
—
Deed Of Trust
related
$2,825,000 · Pacific Nat'l 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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