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Property profile & analytics
OFF-MARKET Estimated value $2,580,000
Commercial land

10500 Biscayne Blvd Miami Shores, FL 33138-2245

15,248 SF 1.08 ac lot Built 1950
Entity Owned 15-yr Hold Free & Clear
Property ID
US18-6350933
Property summary
AI-generated overview

This exceptional 1.5-acre development site, located at 10500 Biscayne Boulevard in Miami Shores, Florida (33138), presents a unique investment opportunity. The property, identified by APN 11-2230-001-0500, is zoned A2, permitting multifamily and lodging uses. Its prime location directly on Biscayne Boulevard offers unparalleled visibility and accessibility, enhanced by a traffic light controlled boulevard entry. The site boasts significant advantages including river frontage with existing dockage piles and a seawall, providing exceptional waterfront potential. A closed street right-of-way adds to the property's exclusivity. Furthermore, a pedestrian passage provides convenient westward access. The property's proximity to the Golf and Country Club of Miami Shores adds to its desirability. A feasibility study, conducted by Architect Dean B. Lewis, further supports the development potential of this remarkable site. The asking price for this exceptional land parcel is $5,250,000. This is a rare opportunity to acquire a significant development site in a highly desirable Miami Shores location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1950
Construction CONCRETE
Total area 15,248 SF
Lot 1.08 ac (47,254 SF)
Zoning code 5000:HOTELS&MOTELS-GEN
APN 11-2230-001-0500
UPID US18-6350933
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.13M
Blend (final) Blend
$2.58M
Owner & transaction history
Icuc Holdings INC · 15 yrs held
Icuc Holdings INC
since 2011
3 recorded transactions
2011
$1.9M
2005
$2.8M
2000
$1.2M
Zoning & alternative use
5000:HOTELS&MOTELS-GEN · Miami Shores, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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