Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2451 NW 5Th Ave Miami, FL 33127

FOR SALE
Manufacturing properties
Property ID
US18-5392199
6,866 SF 0.21 ac lot Built 1959
Last sale Feb 2022 · $2,225,000
Trust Owned Owner of record is a trust. 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 2451 NW 5th Ave is a retail/commercial space located in a mixed-use area in Wynwood, Miami, within a building constructed in 1959. It features a flexible commercial interior layout intended to accommodate multiple approved commercial use types, with the listed concepts including retail, showroom, gallery, creative studio, and office space. The surrounding area includes restaurants, retail destinations, galleries, ongoing residential development, and existing businesses, supporting neighborhood-oriented commercial activity.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$62k
Tax billed · 2023
Assessed value$3.56M
Assessed land$3.22M
Assessed improvement$341k
Effective rate1.73%

Value estimate

· Oct 2026
$2.36M
$2.12M – $2.60M
AI approach$2.41M
CAP approach$1.42M
Submarket $/SF estimate$1.47M
NOI build-up
Gross scheduled income$364k
Vacancy & credit loss−$37k
Operating expenses−$98k
NOI · 351,353.85% cap applied$228k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$565/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$270 – $1,130
Qualifying comparables20

Cap rate analysis

How does the asset earn?
351,353.85%
$228k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6101
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.9
Carpet & Flooring Store8.1
Veterinary Clinic7.8

Location

2451 NW 5Th Ave Miami, FL 33127
County assessor Recorded deeds · 2 transfers 20 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2027 7th, Miami, FL 33127-4605 $2,420,000 Aug 2023 7,920 SF
591 29th, Miami, FL 33127-3917 $4,500,000 Nov 2022 6,035 SF
2154 10th, Miami, FL 33127-4636 $31,750,000 Mar 2022 8,075 SF
330 29th, Miami, FL 33127-3914 $11,500,000 Feb 2022 5,895 SF
550 28th, Miami, FL 33127 $4,750,000 Feb 2022 9,155 SF
530 29th, Miami, FL 33127 $2,500,000 Jan 2022 5,330 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved
Reason not saved — we won't ask again