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    602 1St Ave Miami, FL 33132

    • Residential income homes
    • 1,242 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 602 1St Ave

    Property size
    1,242 SF
    Property type
    Residential income homes

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1924
    Latitude
    25.7803

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

      601 1St Ave

      Multifamily properties • 2,600 SF
      601 1St Ave, Miami, FL 33132
      View Details
    • Value Estimation by Request
      646 SF

      603 1St Ave

      Multifamily properties • 646 SF
      603 1St Ave, Miami, FL 33132
      View Details
    • Value Estimation by Request
      0.32 Acres

      1801 4Th Ave

      Multifamily properties • 0.32 Acres
      1801 4Th Ave, Miami, FL 33132
      View Details
    • Value Estimation by Request

      1542 1St Ave

      Land
      1542 1St Ave, Miami, FL 33132
      View Details
    • Value Estimation by Request

      14 1St Ave

      Office Properties & Spaces
      14 1St Ave, Homestead, FL 33132
      View Details
    • Value Estimation by Request

      1501 Biscayne Blvd

      Office Properties & Spaces
      1501 Biscayne Blvd, Miami, FL 33132
      View Details

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    Similar Nearby for Lease

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      Remodeled Unit with City Views

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      Flex/industrial space with open layout, excellent access, ample parking.
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      Downtown Miami Creative Office Space

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    602 1St Ave
    Miami, FL 33132
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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
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