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Property profile & analytics
OFF-MARKET
Estimated value
$14,295,000
Schools
998 1st St Miami, FL 33130-1112
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3097423
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1953
Construction
CONCRETE
Total area
34,419 SF
Lot
0.67 ac (29,000 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-4102-002-0390
UPID
US18-3097423
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
-
Mater Academy East Charter School High School
-
Mater Academy Kiwanis High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.30M
Owner & transaction history
Mater Academy Foundation INC · 5 yrs held
Mater Academy Foundation INC
since 2020
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$22.5M
+68.2%
Auto repair, garage
$22.5M
+67.9%
Medical building
$15.1M
+12.8%
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 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
$14,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$13,405,000
Current use
OFFICE BUILDING
$22,540,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,505,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$15,115,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$14.30M
Range $12.87M – $15.72M · ±10% · vs last sale $13.70M (Oct 23 2020)
Last sale anchor
$13.70M
Oct 23 2020
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
$415 / 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
Assessed value
$5,993,598
Assessed 2023
Previous assessed
$5,113,406
+17.2% YoY
Assessed land
$2,720,000
Assessed improvement
$3,273,598
Land market value
$2,720,000
Improvement market value
$3,273,598
Total market value
$5,993,598
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
34,419 SF
Lot
0.67 ac (29,000 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-4102-002-0390
UPID
US18-3097423
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Zoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · 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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$13.4M
OFFICE BUILDING
Est. value
$22.5M
AUTO REPAIR, GARAGE
Est. value
$22.5M
MEDICAL BUILDING
Est. value
$15.1M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1953
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Mater Academy Foundation INC
Entity
Mailing address
7901 NW 103RD ST, HIALEAH GARDENS, FL 33016-2419
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
$13,700,000
Mater Academy Foundation INC
990 Building LLC
Grant Deed
—
Jun 7, 2017
—
990 Building LLC
—
Loan Modification
related
$7,148,000 · Jp Morgan Chase Bk
Dec 19, 2012
—
990 Building LLC
—
Deed Of Trust
related
$2,260,000 · Regions Bank
Jun 19, 2012
—
990 Building LLC
—
Deed Of Trust
related
$2,752,191 · Regions Bank
Jun 1, 2010
—
990 Building LLC
—
Deed Of Trust
related
$4,200,000 · Regions Bank
Apr 9, 2007
$4,100,000
990 Building LLC
Eureka Plaza Co Ltd
Warranty Deed
$6,000,000 · Rbc Centura Bank
—
—
990 Building LLC
—
Loan Modification
related
$5,218,940 · Regions Bk
—
—
990 Building LLC
—
Deed Of Trust
related
$3,700,000 · Regions Bank
—
—
990 Building LLC
—
Deed Of Trust
related
$52,570 · Regions Bank
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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