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Property profile & analytics
OFF-MARKET Estimated value $29,005,000
Outlet malls

1824 Alton Rd Miami Beach, FL 33139-1528

87,542 SF 0.55 ac lot Built 2018
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-4685984
Property summary
AI-generated overview

This exceptional retail or restaurant space, located at 1824 Alton Road in Miami-Dade County's vibrant Sunset Harbour submarket, presents a unique investment opportunity. The property boasts ±28 feet of frontage on Alton Road, providing excellent visibility and signage opportunities for any business. With a high ceiling of approximately 20 feet, the space offers ample room for creative design and layout. A grease trap is already installed, making it ideal for a restaurant concept. The property is part of a larger development with convenient access to a 127-space parking garage, ensuring ample parking for customers and employees. This multi-tenant building offers a dynamic and thriving location within Sunset Harbour, known for its upscale atmosphere and high foot traffic. The property's prime location and desirable features make it an attractive option for a variety of businesses seeking a prominent presence in this sought-after area. The significant frontage and high ceilings create a striking visual impact, while the existing grease trap simplifies the setup for food-related businesses. The ample parking further enhances the convenience and appeal of this exceptional retail or restaurant space. This is a rare opportunity to secure a highly visible and well-located property in one of Miami's most desirable neighborhoods. Interested parties should inquire for further details and leasing information.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2018
Construction CONCRETE
Total area 87,542 SF
Lot 0.55 ac (24,000 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3233-012-0130
UPID US18-4685984
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
$22.78M
Comparable Approach Comparable
by Request
Blend (final) Blend
$29.01M
Owner & transaction history
1800 Alton Property Owner LLC · 4 yrs held
1800 Alton Property Owner LLC
since 2022
Last sale
$32.5M
5 recorded transactions
2022
$32.5M
2019
Price N/A
2017
Price N/A
2015
$7.3M
2001
$1.0M
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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