Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1630 51St St Miami, FL 33142

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1630 51St St Miami, FL 33142

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US18-4686992
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1630 51St St

    Property type
    Commercial real estate

    Description

    This exceptional development opportunity presents a unique chance to acquire three contiguous lots totaling 17,960 square feet in the desirable Miami, Florida area. Strategically located on a corner lot at the intersection of NW 17th Ave and NW 51st St, this property boasts a prime address in Miami-Dade County, zip code 33142. The seller is currently in the process of merging the three parcels (5011 NW 17th Ave, 5031 NW 17th Ave, and 1630 NW 51st St) for a seamless acquisition. This simplifies the transaction and offers a significant advantage for developers. The property is zoned T-5-O by the City of Miami, presenting a wide range of potential development options. With its substantial size and strategic location, this property is ideal for a variety of projects, making it an attractive investment for discerning buyers seeking a high-impact development opportunity in a thriving Miami market. The asking price for this combined parcel is $1,100,000. This represents a compelling value proposition given the location, size, and zoning potential. Don't miss this chance to secure a prime piece of Miami real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2241071
    Latitude
    25.8214196

    Comparable in this City

    • $1,399,000

      Allapattah Industrial Lot with Building

      Industrial lot with freestanding building in Miami's Allapattah submarket.
      2200 NW 22Nd Ave, Miami, FL 33142
      View Details
    • $5,800,000

      Allapattah Warehouse with Performing Arts Studio

      Former ice factory with performing arts studio in Allapattah.
      1395 NW 22Nd St, Miami, FL 33142
      View Details
    • $2,175,000

      Allapattah Freestanding Industrial Building

      5,000 SF industrial building in thriving Allapattah neighborhood.
      2047 Nw 24Th Ave, Miami, FL 33142
      View Details
    • $620,000

      Miami Duplex: Prime Investment Opportunity

      Spacious 2-unit duplex with strong rental income.
      2126 47Th Ter, Miami, FL 33142
      View Details
    • Contact for pricing
      3,250 SF

      Allapattah Auto Shop on NW 27th

      Well-located auto shop with redevelopment potential in Allapattah.
      2421 NW 27Th Ave, Miami, FL 33142
      View Details

    Similar Nearby for Sale

    • $2,175,000

      Allapattah Freestanding Industrial Building

      5,000 SF industrial building in thriving Allapattah neighborhood.
      2047 Nw 24Th Ave, Miami, FL 33142
      View Details
    • $1,399,000

      Allapattah Industrial Lot with Building

      Industrial lot with freestanding building in Miami's Allapattah submarket.
      2200 NW 22Nd Ave, Miami, FL 33142
      View Details
    • $5,800,000

      Allapattah Warehouse with Performing Arts Studio

      Former ice factory with performing arts studio in Allapattah.
      1395 NW 22Nd St, Miami, FL 33142
      View Details
    • $5,975,000
      6,551 SF

      Miami Warehouse: Prime Location

      6,551 SF Warehouse, High Traffic Area
      3235 41St St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,050 SF

      Allapattah Flex Space Available

      Miami Flex Space: Modern & Versatile
      1724 22Nd St, Miami, FL 33142
      View Details
    • $5 SF/Yr
      861 SF

      Miami Retail Space For Lease

      High-traffic, 861 sq ft warehouse
      4647 17Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing

      Miami Retail Space - Prime Location

      High-traffic retail space, immediate occupancy.
      4840 27Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing

      Industrial Unit with Cold Storage

      4,357 SF industrial unit with cold storage in Miami.
      2151 NW 13Th Ave, Miami, FL 33142
      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.
    1630 51St St
    Miami, FL 33142
    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

    Thank You for Inquiry

    1630 51St St, Miami, FL, 33142

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!