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    4840 27Th Ave Miami, FL 33142

    Sponsored
    For Sale
    $1,225,000

    Prime Miami location, mixed-use building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 4840 NW 27th Ave in Miami, Florida, presents a compelling investment opportunity. Built in 1954, the building boasts a total leasable area of 6032 square feet and comprises three retail spaces and four residential units. Each residential unit offers one bedroom and one bathroom, providing a diverse income stream. The property's prime location on 27th Avenue in Miami-Dade County, zip code 33142, ensures high visibility and accessibility. The asking price is $1,225,000. This presents a rare chance to acquire a well-established mixed-use building in a thriving Miami neighborhood. The property's blend of retail and residential spaces offers a balanced investment portfolio, with potential for increased rental income and appreciation. The existing tenants provide a stable income base, while the property's location offers significant potential for future growth and development. This is an ideal investment for those seeking a diversified portfolio with strong rental income and long-term growth potential in a dynamic Miami market. The property is situated at latitude 25.8190798 and longitude -80.2408868.

    Property Features for 4840 27Th Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1954

    HighLights

    • $1,225,000 asking price.
    • Retail property.
    • 1954 construction.
    • Located at 4840 NW 27th Ave, Miami, FL 33142.
    • Mixed‑use building with three retail spaces and four 1‑bedroom/1‑bathroom apartments.
    • 6,032 square feet of leasable area.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Beehive Salon Miami Beauty Salon Premier Tax Associates Tax Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2408868
    Latitude
    25.8190798

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    FAQs

    What type of property is this?
    Retail property - Prime Miami location, mixed-use building.
    Where is this retail property located?
    The property is located at 4840 27Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: $1,225,000 asking price.; Retail property.; 1954 construction.
    Request Owner's contact information
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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
    4840 27Th Ave Miami, FL 33142
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