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    Shovel-Ready 8-Story Development Site Title is generated by Realmo AI

    1910 NW 17th Ave, Miami, FL 33125

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    For Sale
    $2,885,000

    Commercial - Miami, FL

    Property size:
    15,700 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $183/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 1910 NW 17th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    6100
    Standard status
    Active
    APN
    01-31-34-011-0010
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    34206

    Utilities

    Sewer type
    Other
    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Teodoro Palmieri

    Listing agent Teodoro Palmieri License #3066859

    Listing office Elite Ocean View Realty LLC 210 71 Street, Miami Beach, FL

    Listing date Jun 2, 2026

    MLS# A12029331 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 15,700 SF development site zoned T‑6‑8O
    • Approved plans included for an 8‑story glass and concrete tower
    • 74‑unit planned mix of studios, 1BR, and 2BR with full kitchens and baths
    • 6th‑floor pool deck plus dual common areas
    • Parking plan includes 2 car lifters for 34 on‑site spaces and 8 off‑site spaces
    • Public water service available

    Overview

    This shovel-ready development site is positioned for a modern eight-story glass-and-concrete tower, delivered with approved plans. The project is designed for 74 residential units, including studio, one-bedroom, and two-bedroom layouts, each with full kitchens and bathrooms. Concepted amenities include a 6th-floor pool deck and dual common areas, supporting a complete live-and-enjoy resident experience. Parking is planned using high-efficiency infrastructure with two car lifters to accommodate 34 on-site spaces, plus eight off-site spaces.

    The parcel totals 15,700 SF and is described as having prime three-sided street exposure along a bustling commercial vein. The site is zoned for the intended development, and it is located near River Landing, within Miami’s Hospital District area, and close to Marlins Stadium.

    For developers and investors, the key value here is the combination of entitlements and a clear building program already reflected in the approved plans. The mix of studio through two-bedroom units and the planned amenities make the site suitable for operators seeking a purpose-built multifamily structure with a contemporary exterior and optimized parking approach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Uribe Construction General Contractor True Tree Service Landscaping

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.222653
    Latitude
    25.753561

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    FAQs

    What type of property is this?
    Residential land & home lot - Approved plans and 3-sided street exposure make this zoned development parcel ready for an eight-story modern tower.
    Where is this residential land & home lot located?
    The property is located at 1910 NW 17th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,885,000.
    What are key features of this property?
    This property features: 15,700 SF development site zoned T‑6‑8O; Approved plans included for an 8‑story glass and concrete tower; 74‑unit planned mix of studios, 1BR, and 2BR with full kitchens and baths
    (305) 600-1278
    We can help!
    Listing Contact
    Teodoro Palmieri
    Real Estate License ID: 3066859
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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