Financial
Distress signals
Property profile

1427 NW 2Nd Ave Florida City, FL 33034

FOR SALE
Office buildings
Property ID
US18-4307307
5,206 SF 0.28 ac lot Built 1961
Last sale Feb 2016 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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1427 NW 2Nd Ave, Florida City, FL 33034 For Sale
$2,399,000 5,206 SF
1427 NW 2Nd Ave, Florida City, FL 33034
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Property summary

AI-generated overview

The property is a nine-unit multifamily building. It has been the subject of recent capital improvements, and planned exterior upgrades include a roof replacement as well as the installation of impact windows and doors. An adjacent 24,000-square-foot vacant lot is associated with approvals for a 30-unit development, which may support portfolio expansion or ground-up construction. The property is described as being zoned to allow flexibility in use, supporting potential for additional development consistent with local approvals.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$386k
Assessed land$192k
Assessed improvement$194k
Effective rate1.67%

Value estimate

· Sep 2026
$465k
$419k – $512k
AI approach$465k
Submarket $/SF estimate$430k
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$7k
Operating expenses−$66k
NOI · 3.34% cap applied$80k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$307/SF
Submarket average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$186 – $418
Qualifying comparables4

Cap rate analysis

How does the asset earn?
3.34%
$80k 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?
3000:MULTI-FAMILY,GENERAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.2
Catering Service8.8
Bike Shop7.9

Location

1427 NW 2Nd Ave Florida City, FL 33034
County assessor Recorded deeds · 1 transfer 4 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

5 recorded sales · 12 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
935 Krome, Florida City, FL 33034-2421 $3,165,000 Jul 2023 1,830 SF
40 5th, Florida City, FL 33034-3303 $800,000 Aug 2022 4,864 SF
1634 6th, Florida City, FL 33034-1826 $475,000 Jan 2022 2,096 SF
1630 6th, Florida City, FL 33034-1826 $475,000 Jan 2022 1,016 SF
777 Palm, Florida City, FL 33034-3223 $2,800,000 Mar 2020 20,778 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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