Financial
Distress signals
Property profile

1224 59th St Miami, FL 33142

OFF-MARKET
Commercial land
Property ID
US19-0150032
912 SF 0.12 ac lot Built 1939
Last sale Mar 2024 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years.
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Property summary

AI-generated overview

The property is located in a centralized area of Miami with convenient access to public transit, I-95, Midtown, the Health District, Downtown/Brickell, Miami Beach, and Miami International Airport. It sits in a T4-L zoned area and includes approved plans and a recorded covenant for an 8-unit multifamily development under the Live Local program. The proposed project is a three-story building with an identified unit mix, ground-floor parking, and a ground-level ADA-compliant unit, developed on a

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$239k
Assessed land$239k
Effective rate1.37%

Value estimate

· Sep 2026
$175k
$158k – $193k
AI approach$175k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$460/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$134 – $1,039

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
3901:KING HTS ORCHARD VI
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office20.6
Realty agency18.7
Veterinary Clinic9.0

Location

1224 59th St Miami, FL 33142-2620
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2950 38th, Miami, FL 33142 $5,341,700 Dec 2024 1,024 SF
2620 27th, Miami, FL 33142-6535 $900,000 Oct 2024 2,834 SF
1613 54th, Miami, FL 33142-3897 $146,100 Oct 2024 3,107 SF
4110 22nd, Miami, FL 33142-4704 $1,050,000 May 2024 1,006 SF
1738 21st, Miami, FL 33142-7438 $550,000 Feb 2024 1,813 SF
3460 Nwn Riv, Miami, FL 33142-4925 $6,400,000 Jan 2024 1,334 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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