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Property profile & analytics
OFF-MARKET
Commercial land
105 24th St Miami, FL 33137-4830
Entity Owned
19-yr Hold
Free & Clear
Property ID
US18-0158502
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.16 ac (7,025 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-009-0370
UPID
US18-0158502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Sacred Space Miami Hotel & Motel Resort
-
cafecito espiritual Media Distribution
-
Plant Food + Wine Miami Restaurant Take-out & Catering
-
Plant Food + Wine Restaurant
-
Modern Farmacy at The Sacred Space Miami Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Cumberland Corp II · 19 yrs held
South Cumberland Corp II
since 2006
7 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,604
Tax year 2023
Assessed value
$1,405,000
Assessed 2023
Previous assessed
$1,405,000
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,405,000
Land market value
$1,405,000
Total market value
$1,405,000
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.16 ac (7,025 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3125-009-0370
UPID
US18-0158502
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Planning and Zoning
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
South Cumberland Corp II
Entity
Free & Clear · 19 yrs held
Mailing address
1470 DAYTONIA RD, MIAMI BEACH, FL 33141-1729
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2006
—
South Cumberland Corp II
Lujan,ricardo
Quit Claim Deed
related
—
Feb 22, 2005
—
Ricardo Lujan
Havana North Corp INC
Grant Deed
related
—
Jun 22, 2004
$225,000
South Cumerland Corp II
Havana North Corp INC
Grant Deed
—
Feb 13, 2003
$70,000
Havana North Corp INC
Bouie,andrade
Grant Deed
—
—
—
999 Ltd A New Way Of Life LLC
—
Deed Of Trust
related
$4,675,000 · Pacific Nat'l Bk
—
—
Havana North Corp INC
—
Deed Of Trust
related
$80,000 · Zabia Realty International INC
—
—
Andrae Bouie
—
Deed Of Trust
related
$59,500 · Cmg Funding Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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