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    Property profile & analytics
    OFF-MARKET Estimated value $1,570,000
    Retail residential properties

    161 24th St, Miami, FL 33137-5800

    8,344 SF 0.16 ac lot Built 1924
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US18-7707162
    Property summary
    AI-generated overview

    This exceptional 7,025 square foot flex space at 161 NE 24th Street, Miami, FL 33137, presents a unique opportunity in the thriving Edgewater neighborhood. Located in a dynamic area experiencing significant growth, this single-tenant property offers unparalleled versatility. The building's zoning is 6110, allowing for a variety of uses, including retail, office, or creative endeavors. The modern, open layout boasts high ceilings and abundant natural light, providing a flexible and inspiring workspace. Its 6,500 square foot footprint offers ample room for customization to suit specific business needs. The property benefits from high visibility and significant foot traffic, ensuring maximum exposure for your business. Its convenient location provides easy access to major highways and the Design District, enhancing connectivity and accessibility. Surrounded by a blend of residential and commercial developments, this property is ideally positioned for businesses seeking to thrive in a vibrant and rapidly expanding community. The property's APN is 01-31-25-009-0300. This is a rare opportunity to secure a prime commercial space in one of Miami's most sought-after locations.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1924
    Construction CONCRETE
    Total area 8,344 SF
    Lot 0.16 ac (7,025 SF)
    Zoning code 6110:COMM/RES-DESIGN DIST
    APN 01-3125-009-0300
    UPID US18-7707162
    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
    • Delivery Master Inc Shipping Company Freight Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.13M
    Blend (final) Blend
    $1.57M
    Owner & transaction history
    161 Ne 24 St LLC · 11 yrs held
    161 Ne 24 St LLC
    since 2014
    7 recorded transactions
    2025
    2017
    2014
    $1.8M
    2011
    $792,500
    2010
    $35,700
    2004
    $1.2M
    2004
    Zoning & alternative use
    6110:COMM/RES-DESIGN DIST · Miami, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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