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    11892 214 Way Miami, FL 33177

    For Sale
    $2,500,000

    Prime Miami location, 74+ units possible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.5 million dollar property, located at 11892 SW 214th Street in Miami, Florida (zip code 33177), presents a unique investment opportunity. The land is zoned for multifamily development, allowing for the construction of over 74 multifamily units. The property's zoning also permits single-family developments, offering flexibility for various development plans. With a high density allowance of up to 90 units per acre and the possibility of buildings reaching 12 stories, this site offers significant potential for high-density residential construction. This prime location within Miami-Dade County sits within an urban development area, providing access to essential infrastructure and amenities. The latitude and longitude coordinates are 25.567886 and -80.3843713 respectively. This property is classified as Special Purpose and presents a compelling opportunity for developers seeking to capitalize on Miami's thriving real estate market. The asking price for this exceptional development site is $2,500,000. Serious inquiries only.

    Property Features for 11892 214 Way

    General Information

    Property type
    Specialty properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3843713
    Latitude
    25.567886

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    FAQs

    What type of property is this?
    Specialty property - Prime Miami location, 74+ units possible.
    Where is this specialty property located?
    The property is located at 11892 214 Way Miami, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    Request Owner's contact information
    11892 214 Way Miami, FL 33177
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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
    11892 214 Way Miami, FL 33177
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