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
    Property profile & analytics

    246 1St St Florida City, FL 33034

    • Commercial real estate
    For Sale
    View listing
    $550,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-3364224
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 246 1St St

    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity in Florida City, FL, presents a shovel-ready 8-unit multifamily development. This three-story building, totaling 8,975 square feet, sits on a 14,000 square foot corner lot at 246 SW 1st St, 33034, in Miami-Dade County. The modern design features a wood-paneled facade and spacious balconies for each unit. The ground floor offers 15 covered parking spaces (70% of the ground floor) and a welcoming lobby area. The upper two floors house the residential units: five 2-bedroom, 1-bathroom units (1,000 sq ft each); two 3-bedroom, 2-bathroom units (1,500 sq ft each); and one additional 2-bedroom, 1-bathroom unit (975 sq ft). High rental demand in this growing Florida City market makes this a standout investment opportunity. The asking price is $550,000. This project is ready for immediate development.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florida City
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4804263
    Latitude
    25.4469502

    Comparable in this City

    • $648,500

      Homestead Acreage: Prime Development Land

      15.7 Acres, Zoned General, Development Potential
      0 392Nd St, Homestead, FL 33034
      View Details
    • $4,000,000

      Florida City Corner Lot Investment

      Prime Retail/Restaurant Location in Florida City
      41 Krome Ave, Florida City, FL 33034
      View Details
    • $4,299,000

      Miami-Dade County Development Land

      10 Acres, Prime South Florida Location
      360th St & 167 Ave, Florida City, FL 33034
      View Details
    • $1,400,000
      2,569 SF

      Palm Drive Retail Center

      Homestead, FL retail investment
      401 Palm Dr, Homestead, FL 33034
      View Details
    • $2,850,000

      Florida City Multifamily Investment Opportunity

      Two multifamily properties in up-and-coming Florida City neighborhood for sale.
      421 NW 12Th St, Florida City, FL 33034
      View Details
    • Contact for pricing

      Homestead Land: 1.25 Acres

      Affordable Homestead acreage, ideal for development.
      0 Land Homestead, Florida City, FL 33034
      View Details

    Similar Nearby for Sale

    • $648,500

      Homestead Acreage: Prime Development Land

      15.7 Acres, Zoned General, Development Potential
      0 392Nd St, Homestead, FL 33034
      View Details
    • $4,000,000

      Florida City Corner Lot Investment

      Prime Retail/Restaurant Location in Florida City
      41 Krome Ave, Florida City, FL 33034
      View Details
    • $1,650,000

      Profitable Florida Nursery Business

      Established Nursery, Turnkey Operation, High ROI
      Florida City, FL 33034
      View Details
    • $4,299,000

      Miami-Dade County Development Land

      10 Acres, Prime South Florida Location
      360th St & 167 Ave, Florida City, FL 33034
      View Details
    • $1,400,000
      2,569 SF

      Palm Drive Retail Center

      Homestead, FL retail investment
      401 Palm Dr, Homestead, FL 33034
      View Details
    • $2,850,000

      Florida City Multifamily Investment Opportunity

      Two multifamily properties in up-and-coming Florida City neighborhood for sale.
      421 NW 12Th St, Florida City, FL 33034
      View Details

    Similar Nearby for Lease

    • $1.86 SF/Yr
      9,667 SF

      Homestead Retail Space for Lease

      Prime Homestead location, 9,667 sq ft retail space.
      33521 Dixie Hwy, Homestead, FL 33034
      View Details
    • $2,000 /Mo

      Remodeled Two Bedroom Unit

      Updated 2 bed, 1 bath unit for rent.
      559 NW 22Nd St, Homestead, FL 33034
      View Details
    • $1,500 /Mo

      Retail Space in High-Traffic Area

      Sub-rent space in busy salon, ideal for beauty-related services.
      33521 S Dixie Hwy, Homestead, FL 33034
      View Details
    • Contact for pricing
      7,034 SF

      Retail Space in Florida City

      Retail space with premier exposure and national tenants.
      33550 S Dixie Hwy, Homestead, FL 33034
      View Details
    • $2,800 /Mo

      Remodeled Multifamily Property Available

      Move-in ready multifamily property with updated finishes and ample parking.
      667 NW 141St Ave, Homestead, FL 33034
      View Details
    • $2,000 /Mo

      Remodeled Apartment with Patio

      Updated apartment with backyard patio and ample parking.
      667 NW 14Th St, Florida City, FL 33034
      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.
    246 1St St
    Florida City, FL 33034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    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.