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    Property profile & analytics

    174 79Th St Miami, FL 33150

    • Parking lots & garages
    • 0.24 lot acres
    For Sale
    View listing
    $3,600,000
    Value Estimation
    Last Sale
    Jan 25, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US18-9380867
    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

    • Alternators & Starters Express / Alternator Supplier

    Property Details for 174 79Th St

    Year built
    1962
    Lot size
    0.24 lot acres
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Parking lots & garages
    APN
    01-3112-048-0150
    APU
    131120480150

    Description

    This exceptional 20,906 square foot development site in Miami's West Little River neighborhood presents a unique investment opportunity. Located at 174 and 160 NW 79th Street, Miami, FL 33150 (APN: 01-3112-048-0140), this property is ideally situated steps away from a proposed large-scale development featuring thousands of residential units and extensive commercial space. The site is zoned to allow for the construction of an eight-story building with a variety of permitted uses, including up to 72 residential units, up to 144 hospitality units, and office space. This presents significant potential for diverse development strategies. The asking price is $3,600,000, and the sale is structured to accommodate a 1031 exchange. During the development phase, the project is projected to generate a gross annual income of $188,400. This is a rare chance to capitalize on the burgeoning growth in this dynamic Miami neighborhood. Don't miss this chance to secure a prime piece of Miami real estate.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,020,000
      6.5%
      $1,080,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,065,000
      Geo Method
      $990,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $885,000
      Retail
      $890,000
      Mixed-Use
      $1,130,000
      Hospitality
      $1,140,000
      Educational
      $1,005,000
      Residential Income
      $970,000
      Energy
      $975,000
      Income-Based Land
      $1,130,000
      Food Service
      $1,040,000

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2005
    Latitude
    25.847
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,406
    $1,045,300
    $11,396
    $1,056,696
    -
    $1,045,300
    $11,396
    $1,056,696

    Comparable in this City

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      4.74 Acres

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      PARKING LOT • 4.74 Acres
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    • Value Estimation
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      0.06 Acres

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      PARKING LOT • 0.06 Acres
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    • Value Estimation
      $465,000
      0.23 Acres

      777 62nd St

      PARKING LOT • 0.23 Acres
      777 62nd St, Miami, FL 33150
      View Details

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    • Contact for pricing

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    Similar Nearby for Lease

    • $25 SF/Yr
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      7750 NW 7th Ave Retail Space

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      Retail Space Available for Rent

      Retail space available for rent in Miami, Florida.
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      View Details
    • $1,850 /Mo
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      Retail Space Near I-95

      Retail space available now, conveniently located near I-95.
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      Retail Space Available For Rent

      Retail space available for rent in Miami, FL.
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      197 NW 79th St

      Flex space
      197 79Th St, Miami, FL 33150
      View Details
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    174 79Th St
    Miami, FL 33150
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    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
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