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    2511 192Nd St Miami, FL 33180

    Sponsored
    For Sale
    $2,499,999

    Prime Miami land, 38-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.33-acre land parcel, located at 2511 NE 192 St, Miami, FL 33180 (APN: 30-2204-006-0140), presents a compelling investment opportunity in Miami-Dade County's thriving Ojus Urban District. Zoned RM (Residential Modified), this property offers significant development potential for a sophisticated apartment complex. The lot size ranges from 12,000 to 14,000 square feet, providing ample space for a proposed 38-unit residential development. The asking price is $2,499,999, with a pro-forma NOI of $40,000 and a pro-forma cap rate of 1.60%. The property's strategic location offers convenient access to major transportation arteries and public transit, ensuring easy connectivity to the rest of Miami-Dade County. The design flexibility inherent in the RM zoning allows for the creation of a visually appealing structure that maximizes the land's potential. This development could incorporate shared amenities such as a clubhouse and fitness center, enhancing the resident experience and fostering a sense of community. This is an ideal opportunity for developers seeking to capitalize on Miami's robust real estate market and create a landmark residential project. The lease term is one year, expiring August 31, 2024. This property represents a unique chance to build a thriving coliving community in a rapidly growing area.

    Property Features for 2511 192Nd St

    General Information

    Property type
    Land

    HighLights

    • 0.33‑acre lot (12,000‑14,000 sq ft) at 2511 NE 192 St, Miami, FL 33180 (APN: 30‑2204‑006‑0140).
    • RM zoning allows for multifamily development; proposed 38‑unit apartment complex.
    • $2,499,999 asking price; pro‑forma NOI $40,000, 1.60% cap rate.
    • Excellent location in Ojus Urban District with convenient access to transportation.
    • One‑year lease expiring August 31, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Realty agency Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.151027630303
    Latitude
    25.95318884923

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    FAQs

    What type of property is this?
    Land - Prime Miami land, 38-unit potential.
    Where is this land located?
    The property is located at 2511 192Nd St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,499,999.
    What are key features of this property?
    This property features: 0.33-acre lot (12,000-14,000 sq ft) at 2511 NE 192 St, Miami, FL 33180 (APN: 30-2204-006-0140).; RM zoning allows for multifamily development; proposed 38-unit apartment complex.; $2,499,999 asking price; pro-forma NOI $40,000, 1.60% cap rate.
    (305) 833-3303
    Request Owner's contact information
    2511 192Nd St Miami, FL 33180
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    Miami, FL 33180
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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
    2511 192Nd St Miami, FL 33180
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