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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 42Nd St Miami, FL 33137

    • Commercial real estate
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4702160
    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

    • Dionne Accessories & More / Big Box & Wholesale Store / Factory

    Property Details for 120 42Nd St

    Lot size
    0.25 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional opportunity to build a custom single-family residence in Miami's coveted Design District. This 0.25-acre lot (approximately 60' x 100') is zoned 0104 and offers the potential to construct a stunning 3,660 square foot home. Architectural plans are included in the sale, providing a blueprint for a luxurious residence featuring an indoor two-car garage, swimming pool, and expansive outdoor terrace – all permitted by right. The property's prime location places you within easy walking distance of high-end boutiques, renowned restaurants, and prestigious museums. The asking price of $1,300,000 reflects a land value of $437.16 per square foot. This is a rare chance to acquire a buildable lot in one of Miami's most desirable neighborhoods. Don't miss this exceptional opportunity to create your dream home in the heart of the Design District. The price is for the land only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.19291
    Latitude
    25.814684

    Comparable in this City

    • $10,630,000

      Edgewater Development Land

      Miami development site, 0.81 acres
      100 21St St, Miami, FL 33137
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    • $5,270,000
      Pending

      Edgewater Multifamily Redevelopment Opportunity

      Prime Edgewater location with redevelopment potential near Biscayne Bay.
      401 NE 22Nd St, Miami, FL 33137
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    • $1,975,000

      Morningside Redevelopment Opportunity

      10,250 SF Miami Lot, 21-Unit Potential
      631 60Th St, Miami, FL 33137
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    • $3,500,000
      5,220 SF

      Edgewater Redevelopment Opportunity

      7-Unit Multifamily, High Potential
      437 30Th St, Miami, FL 33137
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    • Contact for pricing

      Edgewater Development Site

      Prime Miami location, huge potential.
      49 22Nd St, Miami, FL 33137
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    • $1,100,000
      3,704 SF

      Miami Quadplex Investment Opportunity

      Recently renovated, fully occupied quadplex in a prime Miami location.
      35 NE 59Th St, Miami, FL 33137
      View Details

    Similar Nearby for Sale

    • $5,270,000
      Pending

      Edgewater Multifamily Redevelopment Opportunity

      Prime Edgewater location with redevelopment potential near Biscayne Bay.
      401 NE 22Nd St, Miami, FL 33137
      View Details
    • $1,975,000

      Morningside Redevelopment Opportunity

      10,250 SF Miami Lot, 21-Unit Potential
      631 60Th St, Miami, FL 33137
      View Details
    • $3,500,000
      5,220 SF

      Edgewater Redevelopment Opportunity

      7-Unit Multifamily, High Potential
      437 30Th St, Miami, FL 33137
      View Details
    • Contact for pricing

      Edgewater Development Site

      Prime Miami location, huge potential.
      49 22Nd St, Miami, FL 33137
      View Details
    • $10,630,000

      Edgewater Development Land

      Miami development site, 0.81 acres
      100 21St St, Miami, FL 33137
      View Details
    • $695,000

      Triplex on NE 54th Street

      Triplex near Biscayne Boulevard, suitable for investors or end-users.
      100 NE 54Th St, Miami, FL 33137
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,370 SF

      Strata Wynwood: Mixed-Use Property

      Luxury apartments, retail, and office spaces in Miami's Art District.
      21 NE 22Nd St, Miami, FL 33137
      View Details
    • $1,800 /Mo

      Furnished Studio Near Midtown

      Remodeled studio apartment near Midtown and Design District.
      245 NE 33Rd St, Miami, FL 33137
      View Details
    • $4 SF/Yr
      2,730 SF

      4300 Biscayne Blvd

      Office properties & Spaces
      4300 Biscayne Blvd, Miami, FL 33137
      View Details
    • $0.06 SF/Yr
      6,525 SF

      Miami Warehouse: Prime Location

      6,525 sq ft warehouse, ideal for business.
      141 24Th St, Miami, FL 33137
      View Details
    • $75 SF/Yr
      25,101 SF

      Modern Office Space with Amenities

      Office space featuring rooftop access, terraces, and fitness center.
      95 NW 29Th St, Miami, FL 33137
      View Details
    • Contact for pricing
      18,595 SF

      Spacious Office Building with Amenities

      298,000 SF office building featuring oversized floor plates.
      545 NW 26Th St, Miami, FL 33137
      View Details
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    120 42Nd St
    Miami, FL 33137
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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