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    918 4Th St Miami, FL 33139

    For Sale
    $4,900,000

    Double lot in South Beach's SoFi neighborhood, ready for development.

    Lot size:
    0.04 Acres

    Property Features for 918 4Th St

    General Information

    Lot size
    0.04 Acres

    Source: B & B Real Estate Broker Inc Agent Yvette Beaumont

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

    Overview

    SoFi Double Lot Opportunity

    This is a rare opportunity to acquire a double lot with alley access in the desirable SoFi (South of Fifth) neighborhood of South Beach. The vacant double lot offers 6,996 square feet of total area. The zoning is RPS-1 with non-historic encumbrances. It is suitable for developing a house, a condo building up to 4 floors, or a boutique hotel with limited commercial use. The lot is within walking distance of numerous restaurants, bars, and hotels, including Joe's Stone Crab and Nikki Beach.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -80.209683
    Latitude
    25.769496

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    FAQs

    What type of property is this?
    Commercial land - Double lot in South Beach's SoFi neighborhood, ready for development.
    Where is this commercial land located?
    The property is located at 918 4Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: - Rare double lot in the desirable SoFi neighborhood of South Beach.; - Development opportunity: build a house, condo building (up to 4 floors), or boutique hotel.; - Zoning RPS-1 allows for limited commercial use.
    (305) 496-7727
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    918 4Th St Miami, FL 33139
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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
    918 4Th St Miami, FL 33139
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