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    1920 NE 123 St North Miami, FL

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    For Sale
    $1,050,000

    Farm store in North Miami with lease until 2030.

    Property size:
    1,164 SF
    Lot size:
    0.18 Acres

    Property Features for 1920 NE 123 St

    General Information

    Size
    1,164 SF
    Lot size
    0.18 Acres

    Source: Fausto Commercial Realty Agent Ryan Carney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Miami Farm Store Investment

    This property features an existing farm store situated in the heart of North Miami. The property is zoned C2-BE Commercial and occupies a 7,700 square foot lot. The building size is 1,164 square feet. The farm store has a Triple Net lease in place until May 2030, making it an ideal land-covered investment where the tenant is responsible for all property expenses.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Similar Places Nearby

    Tienda dietetica, Alwaysmart, A & K Supermarkets, Panou Produce, Presidente Supermarket #5

    Map

    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1867138
    Latitude
    25.8900949

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    FAQs

    What type of property is this?
    Grocery and convenience store - Farm store in North Miami with lease until 2030.
    Where is this grocery and convenience store located?
    The property is located at 1920 NE 123 St North Miami, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Existing farm store in place; - Triple Net Lease in place until 5/2030; - Tenant pays all property expenses
    (305) 961-1179
    Request Owner's contact information
    1920 NE 123 St North Miami, FL
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    North Miami, FL
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1920 NE 123 St North Miami, FL
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