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    Miami Ave Miami Beach, FL 33139

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    Miami Ave Miami Beach, FL 33139

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    Property Details for 0 Miami Ave

    Property type
    Specialty properties

    Description

    Prime opportunity to acquire an established boat rental business in Miami Beach, Florida (zip code 33139). This turnkey operation features a 2009 Sea Ray Sundancer Forty Three, equipped with twin Cummins 5.9 diesel engines (480 HP, 650 hours), a 1500-hour Honan generator, and a Zeus control system. Onboard amenities include two Raymarine GPS units, a Fusion music system, three TVs, a sunroof, an outdoor barbecue, and a water heater. The vessel boasts two bedrooms and two bathrooms, offering comfort and convenience. Financial projections indicate an estimated annual profit of $150,000. This represents a unique investment opportunity, particularly attractive to E2 Visa applicants seeking a tangible asset with strong potential for return. The asking price for this exceptional business is $150,000. This package includes the boat, established business operations, and all necessary equipment. This is a rare chance to own a thriving business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Other Florida
    State
    Florida
    Longitude
    -80.1344
    Latitude
    25.7757

    Comparable in this City

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      87,854 SF

      757 Ww Ave

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    • Value Estimation by Request
      7,500 SF

      1710 Jefferson Ave

      Specialty properties • 7,500 SF
      1710 Jefferson Ave, Miami Beach, FL 33139
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    • Value Estimation
      $1,110,000
      26,933 SF

      1701 Washington Ave

      CHARITABLE ORGANIZATION • 26,933 SF
      1701 Washington Ave, Miami Beach, FL 33139-7541
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    • Value Estimation by Request

      1751 Washington Ave

      Specialty properties
      1751 Washington Ave, Miami Beach, FL 33139
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    • Value Estimation by Request
      3,855 SF

      1700 Jefferson Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,855 SF
      1700 Jefferson Ave, Miami Beach, FL 33139-2444
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    • Value Estimation by Request
      5,000 SF

      Ocean Dr

      Investment properties • 5,000 SF
      0 Ocean Dr, Miami Beach, FL 33139
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      Miami Beach Retail Investment

      Prime South Beach storefront, high-growth potential.
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      Condo-Hotel Units with Beach Access

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      Miami Beach Redevelopment Opportunity

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    Similar Nearby for Lease

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      FL, Miami Beach – Spaces Lincoln Road

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      Prime retail space available on Lincoln Road, Miami Beach.
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      Meridian Center

      Discover many ways to work your way in Meridian Center
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      Miami Beach Commercial Space

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    • Sponsored
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    Miami Beach, FL 33139
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    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
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