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    1634 Alton Rd Miami Beach, FL 33139
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    Property profile & analytics

    1634 Alton Rd, Miami Beach, FL 33139

    View on Map
    • Commercial land
    • 18,105 SF
    • 0.25 lot acres
    Off-Market
    Last Sale Jun 29, 2020
    $9,000,000
    Property ID
    US18-4219443
    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
    $7,475,000
    Show details
    Cap Rate Potential
    2.6%
    Commercial land
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1634 Alton Rd

    Year built
    1940
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Commercial land
    APN
    02-3234-018-0180
    APU
    232340180180

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 29, 2020 $9,000,000 Osib Miami Bch Prop LLC 1212 Lincoln LLC Grant Deed —
    Jan 22, 2020 $8,500,000 1212 Lincoln LLC Fargo Bk NA Wells Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,130,000
      6.5%
      $6,580,000
      7%
      $6,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,310,000
      Market price range: $5.31M - $21.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1416
    Latitude
    25.7902
    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
    $61,016
    $3,228,900
    $0.00
    $3,228,900
    -
    $3,228,900
    $0.00
    $3,228,900

    Comparable in this City

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      VACANT COMMERCIAL LAND
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      1031 4th St

      VACANT COMMERCIAL LAND
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    • Value Estimation
      $1,540,000
      0.69 Acres

      1685 Washington Ave

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      1.76 Acres

      1691 Michigan Ave

      VACANT COMMERCIAL LAND
      1691 Michigan Ave, Miami Beach, FL 33139-2520
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    Similar Nearby for Sale

    • $5,000,000

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    • Contact for pricing
      8,006 SF

      Miami Beach Redevelopment Opportunity

      Prime commercial property with income and redevelopment potential.
      1441 Alton Rd, Miami Beach, FL 33139
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    • New
      $9,900,000
      0.40 Acres

      Vacant Commercial Land with Prime Frontage

      Development-ready vacant lots on a major South Beach commercial corridor, offering flexible CD-2 use potential.
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    • New
      $9,900,000
      0.40 Acres

      South Beach Mixed-Use Land Opportunity

      Vacant commercial land offering prime Washington Avenue frontage and flexible CD-2 zoning for multiple development uses.
      1543 Washington Ave, Miami Beach, FL 33139
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    • $12,500,000
      0.24 Acres

      Waterfront Land Next to Standard

      Waterfront land with development potential near The Standard.
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    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Prime Corner Retail/Restaurant Opportunity

      Land lease or build to suit opportunity near Lincoln Rd.
      1685 Lenox Ave, Miami Beach, FL 33139
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    • Contact for pricing

      South Beach Office Space for Lease

      Prime Collins Ave location, all utilities included.
      826 Collins Ave, Miami Beach, FL 33139
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      5,461 SF

      Jefferson Ave Commercial Space

      Prime Restaurant/Retail/Office Space
      555 Jefferson Ave, Miami Beach, FL 33139
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    • $720 /Mo
      10,033 SF

      Lincoln Road Office Condo Lease

      Prime South Beach Office Space Available
      605 Lincoln Rd, Miami Beach, FL 33139
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    • $3,000 /Mo

      South Beach Apartment Near Lincoln

      Charming 2-bedroom apartment in South Beach, steps from Lincoln.
      1542 Jefferson Ave, Miami Beach, FL 33139
      View Details
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    1634 Alton Rd
    Miami Beach, FL 33139
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    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
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    1634 Alton Rd, Miami Beach, FL, 33139
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