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OFF-MARKET
Specialty properties

232 Krome Ave Miami, FL 33170

Property ID
Property summary
AI-generated overview

This exceptional 35-acre parcel presents a rare development opportunity in Miami, Florida. Located at the highly visible corner of SW 232 Street and Krome Avenue in Miami-Dade County, this property boasts a prime location with significant development potential. The site is conveniently situated in zip code 33170, offering easy access to major transportation routes. The asking price is $35,000,000. The land has already undergone significant preparation, having been cleared of most vegetation, leaving only a few scattered trees that can be easily incorporated into any future development plans. SW 232 Street has recently been expanded, enhancing accessibility and visibility. This expansive site offers developers a multitude of possibilities, including the potential for a large-scale residential community. Conceptual plans could include approximately 100 single-family homes, 500 townhouses, or a mix of 200 one-, two-, and three-bedroom condominiums and rental apartments. The property's size and location make it an ideal candidate for a variety of large-scale projects. This is a unique opportunity to acquire a significant land parcel in a rapidly growing area of Miami. Serious inquiries are encouraged.

Property profile
Verified
Property type Specialty properties
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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