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

    1895 75 Plc Miami, FL 33147

    • Commercial real estate
    For Sale
    View listing
    $489,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4303138
    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 real estate

    Property Details for 1895 75 Plc

    Property type
    Commercial real estate

    Description

    This exceptional 0.4-acre commercial land parcel, located at 1895 NW 75 Street in Miami, Florida (zip code 33147), presents a compelling investment opportunity. Situated within a designated Opportunity Zone, this property offers significant tax advantages for investors seeking substantial returns. The land is zoned BU-1 (Neighborhood Business District), providing flexibility for a diverse range of commercial developments. Permitted uses include retail spaces, service establishments, offices, restaurants, cafes, and car washes, catering to the needs of the surrounding community. The zoning allows for a maximum building height of two stories (35 feet) with a Floor Area Ratio (FAR) of 0.40 for a single-story building, increasing by 0.11 for each additional story. Setback requirements are 20 feet from the front, 20 feet from the rear (residential boundaries) or 5 feet from BU/IU boundaries, 0 feet from interior sides adjacent to BU/IU districts, and 15 feet from side streets (or 25 feet if adjacent to a residential district). This prime location and flexible zoning make this property ideal for a mixed-use development project designed to serve the local community. The property's strategic location in Miami-Dade County offers excellent access to major transportation routes and a thriving local market. This is a rare chance to acquire a highly versatile commercial lot in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2289509
    Latitude
    25.8453517

    Comparable in this City

    • $4,500,000
      1.16 Acres

      Miami Mixed-Use Development Opportunity

      1.16-Acre Redevelopment Site, 90 Units/Acre Potential
      2321 62Nd St, Miami, FL 33147
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    • $7,900,000

      Miami Development Site: 71,000 SF

      Prime Miami land, high-density zoning, $7.9M
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      Acreage with Development Potential

      1.02 acres suitable for development with transit access.
      8901 22Nd Ave, Miami, FL 33147
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    • $390,000

      Commercial Land in Opportunity Zone

      Commercial land suitable for retail, service, offices, and restaurants.
      1895 NW 75Th St, Miami, FL 33147
      View Details
    • $2,000,000
      0.67 Acres

      Miami Land Development Opportunity

      Prime land for mixed-use, commercial, or multifamily development.
      2647 NW 87Th St, Miami, FL 33147
      View Details
    • $1,695,000

      Approved Development Site on 79th

      Approved 126-unit development site in rapidly transforming Miami corridor.
      1477 NW 79Th St, Miami, FL 33147
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Miami Acre Development Site

      Prime 1-acre commercial land, high traffic
      7925 13Th Ct, Miami, FL 33147
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    • Contact for pricing
      0.07 Acres

      Commercial Land For Lease/Sale

      Commercial land available for lease or sale in Miami.
      62 NW 62Nd St, Miami, FL 33147
      View Details
    • $1,200,000
      0.43 Acres

      Large Lot in Opportunity Zone

      16,485 sqft lot in Miami's Opportunity Zone.
      7946 NW 12Th Pl, Miami, FL 33147
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    • $175,000

      Miami Vacant Lot For Sale

      Duplex-zoned vacant lot in central Miami, close to highways.
      1841 NW 70Th St, Miami, FL 33147
      View Details
    • $1,040,000

      Development Opportunity in Miami Corridor

      6800 sqft lot zoned for mixed-use development in Miami.
      1405 NW 79Th St, Miami, FL 33147
      View Details
    • $4,200,000
      0.73 Acres

      Miami Development Opportunity

      Prime Miami land, build 121-198 units
      2200 79Th St, Miami, FL 33147
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      32,000 SF

      Miami Industrial Lot Lease

      Prime Miami location, flexible uses.
      2200 79Th St, Miami, FL 33147
      View Details
    • $18,000 /Mo

      Miami Industrial Lot For Rent

      Prime industrial lot in Miami's core, near major transportation.
      8650 NW 36Th Ave, Miami, FL 33147
      View Details
    • $50,000
      130,244 SF

      Miami Industrial Core Facility

      Industrial facility in Miami's core with modern office space.
      8600 NW 36Th Ave, Miami, FL 33147
      View Details
    • $17 SF/Yr
      8,667 SF

      Miami Retail Space: 8,667 SF

      Free-standing retail building, fully vacant, high traffic location.
      2173 62Nd St, Miami, FL 33147
      View Details
    • $13 SF/Yr
      15,475 SF

      Freestanding Warehouse for Sublease

      15,475 SF warehouse for sublease on Hialeah/Miami border.
      3675 NW 67Th St, Miami, FL 33147
      View Details
    • New
      $5,500 /Mo

      Miami Commercial Rental Opportunity

      High-visibility commercial space near Miami Central Senior High School.
      1605 NW 95Th St, Miami, FL 33147
      View Details
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    1895 75 Plc
    Miami, FL 33147
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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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