Property profile

1600 2nd Ave Miami, FL 33132

OFF-MARKET
Retail properties & Spaces
Property ID
US18-5558968
6,049 SF 0.55 ac lot Built 1950
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1950
Construction CONCRETE
Total area 6,049 SF
Lot 0.55 ac (24,150 SF)
Zoning code 6402:MIX USE-BORDERS CBD
APN 01-3136-005-0570
UPID US18-5558968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Logistics Company
  • Restaurant
  • Restaurant Take-out & Catering
  • Hair Salon

Location

1600 2nd Ave Miami, FL 33132-1206
Miami metro Census 2702 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.80M

Owner & transaction history

since 2022
Last sale
$14.3M
1 recorded transaction
2022
$14.3M

Zoning & alternative use

6402:MIX USE-BORDERS CBD · Miami, FL
Top alternative use upside
Office building $11.1M +452.7%
Retail stores $9.0M +347.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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