Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1583 24th Ave Miami, FL 33125-2121

    • Automotive properties
    • 1,875 SF
    • 3.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6132365
    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

    • Brisas del Rio Marina / Marina
    • YACHTLAND USA / Marina / Marine Supply Store

    Property Details for 1583 24th Ave

    Year built
    1947
    Construction
    CONCRETE
    Lot size
    3.07 lot acres
    Property size
    1,875 SF
    Zone code
    7703:MARINE ACTIVITY REL
    Property type
    Automotive properties
    APN
    01-3134-068-0010
    APU
    131340680010

    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
    -80.2354
    Latitude
    25.7894
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,993
    $0.00
    $0.00
    $2,772,518
    -
    $5,347,240
    $1,435,708
    $6,782,948

    Comparable in this City

    • Value Estimation
      $290,000
      6,140 SF

      3082 7th St

      VEHICLE SALES, RENTALS • 6,140 SF
      3082 7th St, Miami, FL 33125-4204
      View Details
    • Value Estimation by Request
      53,913 SF

      2277 14th St

      VEHICLE SALES, RENTALS • 53,913 SF
      2277 14th St, Miami, FL 33125-2101
      View Details
    • Value Estimation
      $350,000
      2,198 SF

      1550 17th Ave

      VEHICLE SALES, RENTALS • 2,198 SF
      1550 17th Ave, Miami, FL 33125-2325
      View Details
    • Value Estimation
      $330,000
      2,293 SF

      141 22nd Ave

      VEHICLE SALES, RENTALS • 2,293 SF
      141 22nd Ave, Miami, FL 33125-5266
      View Details
    • Value Estimation
      $335,000
      10,602 SF

      1884 Nwn Riv Dr

      VEHICLE SALES, RENTALS • 10,602 SF
      1884 Nwn Riv Dr, Miami, FL 33125-2219
      View Details
    • Value Estimation
      $690,000
      1,600 SF

      113 27th Ave

      VEHICLE SALES, RENTALS • 1,600 SF
      113 27th Ave, Miami, FL 33125
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Miami Commercial Building on Corner

      Freestanding 4,605 SF commercial building on a 5,900 SF lot.
      101 NW 27Th Ave, Miami, FL 33125
      View Details
    • $1,399,999

      Free-Standing Retail Property in Miami

      Corner commercial property near River Landing and Health District.
      1818 NW 17Th Ave, Miami, FL 33125
      View Details
    • $1,250,000
      2,600 SF

      Miami Commercial Building For Sale

      2,600 SF commercial building with gated parking in Miami.
      3670 NW 6Th St, Miami, FL 33125
      View Details
    • $2,650,000
      11,324 SF

      Retail/Office Space Near Stadium

      Retail or office space near the new stadium.
      1710 NW 7Th St, Miami, FL 33125
      View Details
    • $4,150,000

      Mixed-Use Building Near River Landing

      Mixed-use corner building with high potential near River Landing.
      1450 NW 17Th Ave, Miami, FL 33125
      View Details
    • $8,495,000

      Miami Riverfront Commercial Building

      Commercial building with river frontage, ideal for restaurant or bar.
      1871 North River Dr, Miami, FL 33125
      View Details

    Similar Nearby for Lease

    • $54 SF/Yr
      1,100 SF

      Prime Retail Space - NW 37th Ave

      Established Salon, 1100 sq ft, High Traffic
      807 37Th Ave, Miami, FL 33125
      View Details
    • $23 SF/Yr
      10,000 SF

      Prime Retail Space, NW 7th St

      10,000 SF Retail Building, Miami-Dade
      3420 7Th St, Miami, FL 33125
      View Details
    • $18 SF/Yr
      2,902 SF

      Miami Flex Space: Allapattah

      Versatile 2,902 sq ft flex space in Miami.
      1401 17Th Ave, Miami, FL 33125
      View Details
    • $2 SF/Yr
      8,070 SF

      Prime Flagler Retail Space

      8,070 SF Retail Space - Excellent Location
      497 27Th Ave, Miami, FL 33125
      View Details
    • $90 SF/Yr
      2,620 SF

      Prime Little Havana QSR Site

      Miami QSR building, 2620 sq ft, drive-thru
      1515 7Th St, Miami, FL 33125
      View Details
    • Contact for pricing
      37,737 SF

      Retail Space in Little Havana

      Retail space available in a Publix-anchored shopping center.
      121 SW 22Nd Ave, Miami, FL 33125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1583 24th Ave
    Miami, FL 33125-2121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.