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    1051 NW 23Rd St Miami, FL 33127

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    For Sale
    $5,000,000

    Development site in growing Allapattah, near Miami's Health District.

    Property size:
    5,100 SF
    Lot size:
    0.12 Acres

    Property Features for 1051 NW 23Rd St

    General Information

    Size
    5,100 SF
    Lot size
    0.12 Acres

    Source: Disruptive Miami Agent Stefano Santoro

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

    Overview

    Allapattah Development Site Opportunity

    The Allapattah Development Site is located in the growing neighborhood of Allapattah, adjacent to Miami’s Health District, which is a 300-acre healthcare campus and major employment center. The Health District combines Jackson Memorial Hospital, VA Hospital, University of Miami Health System and educational facilities, Miami-Dade College Medical Campus, and judicial institutions. The site benefits from connectivity to major employment centers via Santa Clara Metrorail Station, which is approximately 665 feet or 0.13 miles from the property. It also has access to I-95 and Dolphin Expressway, Downtown Miami CBD, Brickell, Wynwood, Arts & Entertainment District, Miami International Airport, Doral, Coral Gables, and South Miami. The property size is 5,100 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare 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
    -80.21174
    Latitude
    25.799273

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    FAQs

    What type of property is this?
    Land - Development site in growing Allapattah, near Miami's Health District.
    Where is this land located?
    The property is located at 1051 NW 23Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Unparalleled connectivity with proximity to Santa Clara Metrorail Station (0.13 miles).; - Located in the growing Allapattah neighborhood, adjacent to Miami’s Health District.; - Easy access to I-95 and Dolphin Expressway.
    (732) 241-1940
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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
    1051 NW 23Rd St Miami, FL 33127
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