Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1824 1st St Miami, FL 33125-5414

    • Commercial land
    • 973 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2022
    $3,000,000
    Value Estimations
    $2,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9197474
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 1824 1st St

    Year built
    1936
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.10 lot acres
    Property size
    973 SF
    Zone code
    3900:MULTI-FAM,38-62 U/A
    Property type
    Commercial land
    APN
    01-4103-013-0030
    APU
    141030130030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,695,000
      ML approach
      $2,695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2254
    Latitude
    25.7743
    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
    $6,748
    $328,275
    $0.00
    $328,275
    -
    $328,275
    $0.00
    $328,275

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      714 27th Ct

      VACANT COMMERCIAL LAND • 0.04 Acres
      714 27th Ct, Miami, FL 33125-4308
      View Details
    • Value Estimation by Request
      0.04 Acres

      1010 27th Ave

      VACANT COMMERCIAL LAND • 0.04 Acres
      1010 27th Ave, Miami, FL 33125-3019
      View Details
    • Value Estimation by Request
      0.12 Acres

      1448 2nd St

      VACANT COMMERCIAL LAND • 0.12 Acres
      1448 2nd St, Miami, FL 33125-5507
      View Details
    • Value Estimation by Request
      0.06 Acres

      739 22nd Ave

      VACANT COMMERCIAL LAND • 0.06 Acres
      739 22nd Ave, Miami, FL 33125-3339
      View Details
    • Value Estimation by Request
      0.19 Acres

      3200 7th St

      VACANT COMMERCIAL LAND • 0.19 Acres
      3200 7th St, Miami, FL 33125-4102
      View Details
    • Value Estimation by Request
      0.07 Acres

      2715 11th St

      VACANT COMMERCIAL LAND • 0.07 Acres
      2715 11th St, Miami, FL 33125-2907
      View Details

    Similar Nearby for Sale

    • $2,950,000
      3,645 SF

      Little Havana Redevelopment Opportunity

      Three parcels totaling 0.33 acres in Little Havana.
      2190-2170 NW 2Nd St, Miami, FL 33125
      View Details
    • $3,700,000
      28,284 SF

      Development Opportunity on NW 7th

      Land with frontage and exposure, suitable for mixed-use development.
      2500 Nw 7Th St, Miami, FL 33125
      View Details
    • $450,000

      Corner Parcel with Highway Frontage

      Triangular corner parcel with high visibility and highway access.
      2200 NW 11Th St, Miami, FL 33125
      View Details
    • $2,950,000
      0.65 Acres

      Riverfront Land in Miami

      Rare riverfront development opportunity in Miami's transformative corridor.
      1884 NW 15Th St, Miami, FL 33125
      View Details
    • $1,152,000

      Little Havana Development Opportunity

      7,000 sq ft vacant lot in Little Havana.
      1527 NW 2Nd St, Miami, FL 33125
      View Details
    • Contact for pricing

      Waterfront Lot For Sale

      Prime waterfront lot available for sale.
      1250 NW 22Nd Ave, Miami, FL 33125
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      14,112 SF

      Miami Medical Office Building

      Little Havana, 14,112 SF Medical Office
      2380 7Th St, Miami, FL 33125
      View Details
    • $2,250 /Mo

      Remodeled Apartment in Little Havana

      Remodeled 2-bed, 1-bath apartment in Little Havana for rent.
      433 NW 25Th Ave, Miami, FL 33125
      View Details
    • $2,200 /Mo

      Remodeled Miami Home For Lease

      Remodeled 2-bedroom, 1-bathroom home for lease in Miami.
      130 NW 32Nd Ct, Miami, FL 33125
      View Details
    • $1,750 /Mo

      Centrally Located One-Bedroom Apartment

      One-bedroom apartment near Miami River, Marlins Stadium, and downtown.
      2341 NW 14Th St, Miami, FL 33125
      View Details
    • $2,800 /Mo

      Furnished Duplex in Little Havana

      Furnished 2/1 duplex in Little Havana, central location.
      1822 NW 4Th St, Miami, FL 33125
      View Details
    • $3,000 /Mo

      Miami Second-Floor Unit For Rent

      Centrally located 3-bedroom, 2-bath unit with modern amenities.
      23 NW 33Rd Ave, Miami, FL 33125
      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.
    1824 1st St
    Miami, FL 33125-5414
    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

    Google sign-in failed. Please try again or use another login method.