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

    20 34Th Ave Miami, FL 33135

    • Parking lots & garages
    • 0.33 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2834803
    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

    • Parking lots & garages

    Property Details for 20 34Th Ave

    Year built
    1962
    Lot size
    0.33 lot acres
    Zone code
    6107:RESID-MEDIUM RETAIL
    Property type
    Parking lots & garages
    APN
    01-4104-022-0540
    APU
    141040220540

    Description

    This exceptional 0.33-acre (14,521 sq ft) commercial lot is ideally situated on a prime corner in Miami, Florida, at 20 SW 34th Ave, 33135. Its location offers significant advantages for various commercial ventures. The property presents a fantastic opportunity for developers and investors seeking a strategic foothold in a thriving area. The lot's size allows for considerable flexibility in development plans, catering to a range of commercial uses. Its convenient location provides easy access to a wealth of amenities, including nearby shopping centers, restaurants, and parks, ensuring high visibility and attracting a substantial customer base. Note that an adjacent lot is also available for purchase, presenting the unique possibility of acquiring a whole street block on Flagler Street, significantly expanding development potential. This presents a rare opportunity to secure a substantial commercial holding in a prime Miami location. The asking price for this exceptional property is $1,400,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2516
    Latitude
    25.7716
    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
    $0.00
    $943,865
    $12,333
    $956,198
    -
    $943,865
    $12,333
    $956,198

    Comparable in this City

    • Value Estimation
      $390,000
      632 SF

      2391 Flagler St

      PARKING LOT • 632 SF
      2391 Flagler St, Miami, FL 33135-1524
      View Details
    • Value Estimation
      $2,150,000
      0.05 Acres

      1125 27th Ave

      PARKING LOT • 0.05 Acres
      1125 27th Ave, Miami, FL 33135-4721
      View Details
    • Value Estimation
      $340,000
      0.74 Acres

      3012 8th St

      PARKING LOT • 0.74 Acres
      3012 8th St, Miami, FL 33135
      View Details
    • Value Estimation
      $270,000
      0.17 Acres

      2971 8th St

      PARKING LOT • 0.17 Acres
      2971 8th St, Miami, FL 33135
      View Details
    • Value Estimation
      $250,000
      0.27 Acres

      2360 7th St

      PARKING LOT • 0.27 Acres
      2360 7th St, Miami, FL 33135
      View Details
    • Value Estimation
      $250,000
      0.10 Acres

      717 15th Ave

      PARKING LOT • 0.10 Acres
      717 15th Ave, Miami, FL 33135
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Little Havana Parking Lot For Sale

      Paved parking lot in Little Havana, ideal for parking ventures.
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      Flagler Street Automotive Property

      Automotive property with high visibility and traffic.
      1523-1527 W Flagler St, Miami, FL 33135
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      Flagler Street Retail Opportunity

      2,846 SF building on 15,000 SF lot for sale.
      2924 W Flagler St, Miami, FL 33135
      View Details
    • $2,300,000
      700 SF

      Flagler Street Auto Shop Investment

      Miami Auto Repair Shop - Turnkey Investment
      1535 Flagler St, Miami, FL 33135
      View Details
    • $1,800,000

      High-Visibility Property in Booming Corridor

      Ideal for automotive use, showroom, or redevelopment in Miami.
      2935 SW 8Th St, Miami, FL 33135
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      Medical Center and Spa

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    Similar Nearby for Lease

    • $38 SF/Yr
      2,450 SF

      Hialeah Commercial Lot For Rent

      Commercial lot in Hialeah with high traffic and flexible zoning.
      1860 W Flagler St, Miami, FL 33135
      View Details
    • $7,500 /Mo
      1,950 SF

      Turn Key Restaurant on Calle 8

      Restaurant space ready to operate on world famous Calle 8.
      3434-3450 SW 8Th St, Miami, FL 33135
      View Details
    • $86 SF/Yr
      1,040 SF

      Little Havana Retail Opportunity

      Prime Calle Ocho location, 1,040 sq ft.
      3463 8Th St, Miami, FL 33135
      View Details
    • Contact for pricing
      1,400 SF

      Calle Ocho Restaurant Ready Space

      Restaurant space available on Calle Ocho with high tourist traffic.
      1945 SW 8Th St, Miami, FL 33135
      View Details
    • Contact for pricing
      8,500 SF

      Calle Ocho Retail/Office Building

      Five-story building with retail and office space on Calle Ocho.
      1842-1850 SW 8Th St, Miami, FL 33135
      View Details
    • $7,500 /Mo
      1,500 SF

      Calle Ocho Restaurant Ready Space

      1,500 SF restaurant space on Calle Ocho's main drag.
      1807 SW 8Th St, Miami, FL 33135
      View Details
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    20 34Th Ave
    Miami, FL 33135
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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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