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    15200 197 Ave Richmond West, FL 33187

    For Sale
    $2,895,000

    South Miami land, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20-acre property located at 15200 SW 197th Avenue, Miami, Florida 33187, in Miami-Dade County, presents a unique investment opportunity in Southwest Miami. Currently zoned for special purpose, this expansive land offers immediate cash flow from its existing palm tree inventory. The property's significant size and strategic location provide a clear path for future development, making it an attractive proposition for long-term growth. The asking price is $2,895,000. This offering is particularly noteworthy for its potential to qualify for the EB-5 Visa Program, opening doors for foreign investors seeking a pathway to US residency. Situated at latitude 25.5994424 and longitude -80.4660256, this property represents a rare chance to acquire a substantial land holding in a rapidly developing area of Miami. The existing palm trees provide a current income stream, mitigating risk and offering immediate returns. This is a truly exceptional opportunity for those seeking a high-potential investment in the vibrant Miami real estate market. Don't miss this chance to secure a piece of South Florida's future.

    Property Features for 15200 197 Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • $2,895,000 asking price.
    • Special purpose property.
    • Located at 15200 SW 197th Avenue, Miami, FL 33187, in Miami‑Dade County.
    • 20‑acre site in Southwest Miami.
    • Current income from existing palm trees.
    • Potential for future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Hotel & Motel Storage Facility Food Market Bar & Pub HVAC Service Garden Center Farmer's Market Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond West
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4660256
    Latitude
    25.5994424

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Specialty property - South Miami land, high potential.
    Where is this specialty property located?
    The property is located at 15200 197 Ave Richmond West, FL.
    What is the asking price?
    The asking price for this property is $2,895,000.
    What are key features of this property?
    This property features: $2,895,000 asking price.; Special purpose property.; Located at 15200 SW 197th Avenue, Miami, FL 33187, in Miami-Dade County.
    Request Owner's contact information
    15200 197 Ave Richmond West, FL 33187
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    Richmond West, FL 33187
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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
    15200 197 Ave Richmond West, FL 33187
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