Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2131 SW 4th St Miami, FL 33135

    View on Map
    Claim this Listing
    New
    For Sale
    $699,000

    Residential - Miami, FL

    Property size:
    7,822 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $89/SF
    Added:
    Apr 28, 2026
    Days on Market:
    7
    Last Refresh:
    May 4 at 3:06 am

    Property Features for 2131 SW 4th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    3900
    Standard status
    Active
    APN
    01-41-03-014-1870
    Size
    7,822 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7011

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Carter PA

    Listing agent Brian Carter PA License #3022095

    Listing office Douglas Elliman 5555 Biscayne Blvd, Palm Beach, FL

    Listing date Apr 28, 2026

    MLS# A11840547 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.

    Overview

    Miami Residential Development Opportunity

    This residential land in Miami, Florida, presents a development opportunity for three luxury units. The plans allow for 7,822 square feet of buildable space, with 5,266 square feet of sellable space under air conditioning. The development includes plans for a penthouse flat featuring four bedrooms and three bathrooms, along with a 762-square-foot rooftop. Additionally, there are plans for two 2-story units, each with three bedrooms, three bathrooms, and 422-square-foot rooftops with pergolas. The 4,200-square-foot lot has 50 front feet and is zoned T4-R. The location is two blocks from Publix and four blocks from Calle Ocho. The seller is open to joint ventures or developing post-closing for a buyer or investor, build-to-suit opportunities or lot plus construction packages with pre-design available, or turnkey construction options. The property has the potential for a $3.9 million sellout or rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.229805
    Latitude
    25.769167

    Nearby Similar for Sale

    • $429,900

      Miami Warehouse/Flex Industrial Unit

      Well-maintained warehouse/flex unit in Miami's Airport West submarket.
      7311 NW 12th St, Miami, FL 33126
      View Details
    • $500,000

      Operating Supermarket on High-Traffic Corner

      Income-producing supermarket on a high-visibility corner lot.
      1540 SW 22nd Ave, Miami, FL 33145
      View Details
    • $520,000

      Class A Office Suite, Miami

      Furnished office suite in Downtown Miami's financial district.
      150 SE 2nd Ave, Miami, FL 33131
      View Details
    • $949,997

      Profitable Miami Cafe & Market

      Turnkey cafe, restaurant, and mini market business opportunity.
      BRICKELL AVE, Miami, FL 33131
      View Details
    • $680,000

      Established Auto Parts Business Opportunity

      Profitable used auto parts business with online sales and inventory.
      NW 47th St, Miami, FL 33142
      View Details
    • $470,000

      Miami Commercial Development Opportunity

      Commercial parcel ideal for service-based businesses in a growing area.
      22650 SW 123rd Rd, Miami, FL 33170
      View Details
    • $600,000

      Wynwood Norte Mixed-Use Development Opportunity

      5750 SF lot zoned for mixed-use development in Miami.
      321 NW 37th St, Miami, FL 33127
      View Details
    • $600,000

      Wynwood Norte Development Opportunity

      Mixed-use development opportunity in Wynwood Norte with income-producing billboard.
      321 NW 37th St, Miami, FL 33127
      View Details
    • $600,000

      Wynwood Norte Development Opportunity

      5750 SF lot zoned for mixed-use development.
      321 NW 37th St, Miami, FL 33127
      View Details
    • $967,725

      Brickell Office with Long-Term Lease

      Spacious office in Brickell with reception, kitchen, and six offices.
      1200 Brickell Ave, Miami, FL 33131
      View Details
    • $999,999

      Miami Land Parcel For Sale

      Approximately 1.21 acres available in a high-growth area.
      1855 NW 119th St, Miami, FL 33167
      View Details
    • $999,999

      Miami Land For Sale

      Approximately 1.21 acres available in a high growth area.
      1855 NW 119th St, Miami, FL 33167
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land with plans for three luxury townhomes in Miami.
    Where is this residential land & home lot located?
    The property is located at 2131 SW 4th St Miami, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Development opportunity for 3 luxury townhomes in Miami, FL.; Buildable area of 7,822 SF with 5,266 SF sellable under A/C.; Includes a penthouse flat with 4 beds, 3 baths, and a 762 SF rooftop.
    (305) 695-6300
    We can help!
    Listing Contact
    Brian Carter PA
    Real Estate License ID: 3022095
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2131 SW 4th St, Miami, FL 33135

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!