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Property profile & analytics
OFF-MARKET Estimated value $2,175,000
Automotive properties

1724 22nd St Miami, FL 33142-7442

8,284 SF 0.32 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-3127425
Property summary
AI-generated overview

This exceptional 8,050 square foot warehouse, situated on a 14,000 square foot lot in Miami's Allapattah neighborhood, presents a compelling investment opportunity. Built in 1973 and recently renovated, the property features seven individual bays, each approximately 1,150 square feet, ideal for multiple tenants or a single large operation. Improvements include a new roof, updated lighting, new fencing, upgraded loading doors and windows, fresh paint, and a newly seal-coated lot. The warehouse boasts an 18-foot ceiling height and convenient street-level loading. Small offices are included within the building. The property's central Allapattah location, within the Miami Produce District, offers unparalleled access to major highways, the Port of Miami, Miami International Airport Cargo Center, Downtown Miami, and area beaches. Its strategic position within the Last Mile sector ensures efficient service to the entire urban core. The asking price is $2,700,000, translating to $335.40 per square foot and $385,714.29 per unit. This is a fully secured property with industrial zoning.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1973
Construction CONCRETE
Total area 8,284 SF
Lot 0.32 ac (14,000 SF)
Zoning code 7700:INDUSTRIAL,RESTRICT
APN 01-3127-045-0450
UPID US18-3127425
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$2.18M
Owner & transaction history
Andover 1 LLC · 2 yrs held
Andover 1 LLC
since 2024
Last sale
$2.2M
7 recorded transactions
2024
$2.2M
2021
$1.2M
2015
$550,000
2005
Price N/A
2005
Price N/A
2004
$1.1M
1969
Price N/A
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Planning and Zoning
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