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

    1929 1st Ave Miami, FL 33136-1301

    • Warehouses
    • 5,230 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2020
    $2,000,000
    Value Estimations
    $1,715,000
    Show details
    Cap Rate Potential
    2.5%
    Warehouses
    Location Intelligence
    Property ID
    US19-0836593
    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

    • Silvana Facchina Gallery / Art Gallery

    Property Details for 1929 1st Ave

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    0.25 lot acres
    Property size
    5,230 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Warehouses
    APN
    01-3125-048-0510
    APU
    131250480510

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,315,000
      7%
      $1,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,544,000
      Market price range: $995k - $2.53M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,555,000
      Current use
      MEDICAL BUILDING
      $2,295,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,485,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1964
    Latitude
    25.7946
    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
    $24,149
    $1,367,250
    $10,000
    $1,377,250
    -
    $1,367,250
    $10,000
    $1,377,250

    Comparable in this City

    • Value Estimation
      $1,050,000
      7,200 SF

      611 11th St

      WAREHOUSE, STORAGE • 7,200 SF
      611 11th St, Miami, FL 33136
      View Details
    • Value Estimation
      $14,785,000
      115,418 SF

      1020 Sunnybrook Rd

      WAREHOUSE, STORAGE • 115,418 SF
      1020 Sunnybrook Rd, Miami, FL 33136-2109
      View Details
    • Value Estimation
      $1,315,000
      5,300 SF

      1729 Miami Ave

      WAREHOUSE, STORAGE • 5,300 SF
      1729 Miami Ave, Miami, FL 33136-1719
      View Details
    • Value Estimation
      $805,000
      4,180 SF

      1030 Miami Ave

      WAREHOUSE, STORAGE • 4,180 SF
      1030 Miami Ave, Miami, FL 33136
      View Details
    • Value Estimation by Request
      5,100 SF

      1635 Miami Ave

      WAREHOUSE, STORAGE • 5,100 SF
      1635 Miami Ave, Miami, FL 33136-2016
      View Details
    • Value Estimation
      $27,205,000
      122,287 SF

      641 12th Ave

      WAREHOUSE, STORAGE • 122,287 SF
      641 12th Ave, Miami, FL 33136-3609
      View Details

    Similar Nearby for Sale

    • $12,500,000

      Renovated Creative Office/Warehouse in Miami

      Renovated two-story office/warehouse with modern design and historic charm.
      1800 N Miami Ave, Miami, FL 33136
      View Details
    • $2,000,000
      2,800 SF

      Miami Retail Investment Opportunity

      Prime Miami retail space, 100% occupied.
      1525 3Rd Ave, Miami, FL 33136
      View Details
    • $1,590,000
      3,612 SF

      Miami Multifamily Investment Opportunity

      Riverside 5-Unit Airbnb Multiplex
      769 10Th St, Miami, FL 33136
      View Details
    • $6,500,000

      New Construction Co-Living Building

      New construction co-living building in developing Riverside/Little Havana neighborhood.
      1110 NW 7Th St, Miami, FL 33136
      View Details
    • $6,500,000

      Miami Multifamily Investment Opportunity

      Luxury Co-living, High ROI Potential
      626 11Th Ave, Miami, FL 33136
      View Details
    • $500,000

      Miami Residential Land - Prime Location

      3,000 sq ft lot, T3 zoning, owner sale.
      1646 1St Ct, Miami, FL 33136
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      6,956 SF

      Prime Waterfront Warehouse in Miami

      6,956 SF Warehouse, Waterfront Views
      800 7Th Ave, Miami, FL 33136
      View Details
    • $6 SF/Yr
      16,950 SF

      Land for Lease in Miami

      16,950 SF land suitable for various commercial uses.
      1234 NW 7Th Ave, Miami, FL 33136
      View Details
    • $1,500 /Mo

      Furnished Efficiency in Prime Location

      Fully furnished efficiency with utilities included, near Medical District.
      1033 NW 6Th St, Miami, FL 33136
      View Details
    • Contact for pricing
      38,500 SF

      Miami Class A Office Space

      Six-story, LEED Gold certified office building with large floor plates.
      1951 NW 7Th Ave, Miami, FL 33136
      View Details
    • Contact for pricing
      15,039 SF

      Retail Space in Brickell Corridor

      Retail space available in a 23-story residential building.
      117 SW 10Th St, Miami, FL 33136
      View Details
    • Contact for pricing
      2,862 SF

      Office Space Near Health District

      Office space near Jackson Memorial Hospital available for lease.
      1011 Sunnybrook Rd, Miami, FL 33136
      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.
    1929 1st Ave
    Miami, FL 33136-1301
    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.