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Property profile & analytics
OFF-MARKET
Turn key restaurants
17701 232nd St Miami, FL 33170-5509
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-0162352
Property summary
AI-generated overview
This exceptional free-standing restaurant building presents a unique investment opportunity in Miami, Florida. Located at 17701 SW 232nd St, Miami, FL 33170, this property boasts a substantial 37,981 square foot lot, nearly one acre in size. Built in 1967, the building is zoned for restaurant or cafeteria use (2111) within the PA Primary Zone and 6400 COMMERCIAL - CENTRAL designation. The asking price is $3,650,000. Probate court approval is required for the sale. This prime location offers significant potential for a variety of food service businesses. The property's strategic positioning benefits from the proximity of a gas station to the right and adjacent vacant land with Krome Ave frontage, which are also available for purchase. This presents a rare chance to acquire a substantial commercial property in a high-traffic area of Miami-Dade County. The property's size and zoning provide flexibility for expansion or redevelopment. Serious inquiries only. Do not trespass on the property.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
CONCRETE
Total area
5,210 SF
Lot
0.87 ac (37,981 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-6813-000-0290
UPID
US18-0162352
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Redland 232 LLC · 7 yrs held
Redland 232 LLC
since 2019
5 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,195
Tax year 2023
Assessed value
$539,188
Assessed 2023
Previous assessed
$543,928
-0.9% YoY
Effective rate
1.71%
On assessed value
Assessed land
$274,406
Assessed improvement
$264,782
Land market value
$274,406
Improvement market value
$264,782
Total market value
$539,188
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,210 SF
Lot
0.87 ac (37,981 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
30-6813-000-0290
UPID
US18-0162352
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami, FL
Zoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Redland 232 LLC
Entity
Mailing address
23150 SW 177TH AVE, MIAMI, FL 33170-5503
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2019
$1,900,000
Redland 232 LLC
Guarapetas Mayor INC
Warranty Deed
$1,200,000 · Guarapeta's Mayor INC
Dec 27, 2005
$840,000
Guarapetas Mayor INC
Two Steps Ahead INC
Warranty Deed
$450,000 · Wachovia Bank NA
Jul 7, 1999
$739,083
Two Steps Ahead INC
Silver Group INC
Grant Deed
$367,000 · Seller
Dec 24, 1998
$650,000
Silver Group INC
Micar Enterprises INC
Grant Deed
$533,000 · Seller
—
—
Two Steps Ahead INC
—
Deed Of Trust
related
$405,000 · Interamerican Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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