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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Commercial land
1540 128th St, North Miami, FL 33161-5224
Entity Owned
4-yr Hold
Property ID
US19-0873133
Property summary
AI-generated overview
This stunning, newly constructed four-unit apartment building is located at 1540 NE 128th St, North Miami, FL 33161, in Miami-Dade County. Completed in 2024, this two-story property offers a luxurious living experience. Each of the four units boasts two bedrooms and two bathrooms, featuring floor-to-ceiling windows, high-end kitchen appliances, and custom solid wood doors and closets. Residents enjoy the added luxury of two private rooftop Jacuzzis and a ground-level pool surrounded by a heat-resistant deck. The property also provides secure parking with two assigned spaces per unit within a gated entrance. This exceptional property represents a unique investment opportunity in a thriving area experiencing significant residential and commercial growth. The meticulous attention to detail and use of premium materials ensure lasting durability and high-end appeal. The asking price is $2,450,000. All offers are welcome. Contact us today to request floor plans and additional photos. Easy to show.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
CONCRETE
Total area
968 SF
Lot
0.19 ac (8,438 SF)
Zoning code
3800:MULTI-FAM,22-37 U/A
APN
06-2229-041-0260
UPID
US19-0873133
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
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
1540 Ne 128 LLC · 4 yrs held
1540 Ne 128 LLC
since 2022
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
3800:MULTI-FAM,22-37 U/A · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
Method
Estimation
Statistic approach
$2,450,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.45M (Oct 25 2024)
Last sale anchor
$2.45M
Oct 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$2,531 / SF
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
$6,575
Tax year 2023
Assessed value
$295,330
Assessed 2023
Previous assessed
$233,907
+26.3% YoY
Effective rate
2.23%
On assessed value
Assessed land
$295,330
Land market value
$295,330
Total market value
$295,330
Applied tax rate
600.0000
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
Year built
1950
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
968 SF
Lot
0.19 ac (8,438 SF)
Zoning code
3800:MULTI-FAM,22-37 U/A
APN
06-2229-041-0260
UPID
US19-0873133
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3800:MULTI-FAM,22-37 U/A · North Miami, FL
Zoning 3800:MULTI-FAM,22-37 U/A · permitted uses
3800:MULTI-FAM,22-37 U/A · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
1540 Ne 128 LLC
Entity
Mailing address
475 BRICKELL AVE APT #5208, MIAMI, FL 33131-2715
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
1540 Ne 128 LLC
Gabriel Valenzuela
Quit Claim Deed
related
—
Jun 9, 2020
$245,000
Gabriel Valenzuela
Jose L Jimenez
Warranty Deed
—
—
—
Jimenez Jose L
—
Deed Of Trust
related
$8,150 · Greymar Associates LLC
—
—
Jose L Jimenez
—
Deed Of Trust
related
$70,000 · Americahomekey INC
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.
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