Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    213XX 119Th Ave Miami, FL 33177

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 213XX 119Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully approved plan for a 24-unit apartment building in the thriving Goulds area of Miami-Dade County, Florida. Located at 213XX SW 119 Ave, Miami, FL 33177, this property offers significant advantages to savvy investors. The asking price is $1,200,000. The approved plans eliminate the time and expense associated with securing necessary permits and approvals, allowing for a streamlined development process. The design caters to contemporary lifestyle demands, ensuring high occupancy rates in a rapidly growing market. Miami's real estate market is experiencing robust growth, making this a strategically positioned asset poised for significant returns. The seller is motivated and will consider all reasonable offers. This is a rare chance to acquire a fully permitted multifamily development project in a prime Miami location, ready for immediate construction. The property is classified as multifamily and is situated in a desirable area of Miami-Dade County, offering easy access to major transportation routes and amenities. Don't miss this opportunity to capitalize on Miami's booming real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3849
    Latitude
    25.5939

    Comparable in this City

    • Value Estimation by Request

      12047-49 213Th St

      Multifamily properties
      12047-49 213Th St, Miami, FL 33177
      View Details
    • Value Estimation by Request

      11750 212Th St

      Multifamily properties
      11750 212Th St, Miami, FL 33177
      View Details
    • Value Estimation by Request

      SW200th 138Th Ave

      Multifamily properties
      SW200th 138Th Ave, Miami, FL 33177
      View Details
    • Value Estimation by Request

      23384 127Th Ave

      Multifamily properties
      23384 127Th Ave, Miami, FL 33177
      View Details
    • Value Estimation by Request

      16235 117Th Ave

      Multifamily properties
      16235 117Th Ave, Miami, FL 33177
      View Details
    • Value Estimation by Request

      16001 142Nd Ave

      Land
      16001 142Nd Ave, Miami, FL 33177
      View Details

    Similar Nearby for Sale

    • $799,999

      Miami Duplex Investment Opportunity

      Spacious duplex with modern finishes, convenient location, and income potential.
      21226-21230 SW 119Th Ave, Miami, FL 33177
      View Details
    • $760,000

      New Construction Duplex in Miami

      New construction duplex with income potential in a prime location.
      21210 Sw 119Th Ave, Miami, FL 33177
      View Details
    • $839,000

      Duplex in Great Miami Location

      Two-unit duplex with six bedrooms and four bathrooms total.
      12040 SW 215Th St, Miami, FL 33177
      View Details
    • $1,499,000

      New Construction Duplex on Large Lot

      New duplex built in 2023 on a quarter-acre lot.
      12080 SW 213Th St, Miami, FL 33177
      View Details
    • $950,000

      New Duplex with Rental Income

      Newly constructed duplex with modern finishes and rental income potential.
      11970-11972 SW 213Th St, Miami, FL 33177
      View Details
    • $869,000

      New Duplex in Growing Area

      New duplex featuring spacious units, modern finishes, and convenient location.
      11980 SW 213Th St, Miami, FL 33177
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,871 SF

      Prime Residential Land, SW Miami

      1.1 Acres, Ideal Residential Development
      16001 142Nd Ave, Miami, FL 33177
      View Details
    • $28 SF/Yr
      1,035 SF

      Exceptional Warehouse Space Available

      Modern warehouse, ideal for various uses.
      16721 117Th Ave, Quail Heights, FL 33177
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Shoppes at Quail Roost

      Retail space available in a neighborhood shopping center.
      20001-20241 SW 127Th Ave, Miami, FL 33177
      View Details
    • $25 SF/Yr
      1,450 SF

      117th Ave Warehouse For Lease

      1,450 SF Warehouse, Excellent Location
      16615 117Th Ave, Miami, FL 33177
      View Details
    • Contact for pricing
      6,000 SF

      Industrial-Flex Space in Cutler Bay

      Industrial-flex space in South Dade Commercial District, Cutler Bay, FL.
      10655 SW 190Th Ter, Cutler Bay, FL 33177
      View Details
    • $25 SF/Yr
      1,440 SF

      Miami Warehouse For Lease

      1,440 SF Industrial Space, Excellent Location
      16689 117Th Ave, Miami, FL 33177
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    213XX 119Th Ave
    Miami, FL 33177
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.