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    Property profile & analytics

    2214 Miami Ave Miami, FL 33127-4918

    • Manufacturing properties
    • 21,516 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2022
    $8,100,000
    Value Estimations
    $8,340,000
    Show details
    Cap Rate Potential
    3.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-1599208
    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

    • Brahma Construction / Construction Company / General Contractor
    • Miami Limited Edition / Furniture & Home Goods / Home Decor Store
    • Flower Fairy Miami / (Bike/Boat/Book/etc) Store / Florist
    • Ensamble Miami / Interior Design / Home Decor Store

    Property Details for 2214 Miami Ave

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.45 lot acres
    Property size
    21,516 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Manufacturing properties
    APN
    01-3125-048-0120
    APU
    131250480120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,590,000
      ML approach
      $8,575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,963,000
      Market price range: $5.82M - $24.3M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $12,150,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1952
    Latitude
    25.7984
    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
    $128,667
    $5,832,000
    $142,670
    $5,974,670
    -
    $5,832,000
    $142,670
    $5,974,670

    Comparable in this City

    • Value Estimation
      $830,000
      5,206 SF

      647 29th St

      MANUFACTURING (LIGHT) • 5,206 SF
      647 29th St, Miami, FL 33127-3826
      View Details
    • Value Estimation
      $3,330,000
      26,084 SF

      2751 Miami Ave

      MANUFACTURING (LIGHT) • 26,084 SF
      2751 Miami Ave, Miami, FL 33127-4439
      View Details
    • Value Estimation
      $1,085,000
      7,668 SF

      570 26th St

      MANUFACTURING (LIGHT) • 7,668 SF
      570 26th St, Miami, FL 33127-4334
      View Details
    • Value Estimation by Request
      2,952 SF

      2236 1st Ct

      FOOD PACKING, PACKING PLANT • 2,952 SF
      2236 1st Ct, Miami, FL 33127-4817
      View Details
    • Value Estimation by Request
      8,075 SF

      2154 10th Ave

      MANUFACTURING (LIGHT) • 8,075 SF
      2154 10th Ave, Miami, FL 33127-4636
      View Details
    • Value Estimation by Request
      4,794 SF

      2200 1st Pl

      MANUFACTURING (LIGHT) • 4,794 SF
      2200 1st Pl, Miami, FL 33127
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Showroom and warehouse in iconic Wynwood neighborhood.
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    • $5,750,000
      13,028 SF

      Wynwood Flex Space - $5.75M

      13,028 SF Flex Space, Wynwood, Vacant
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    • $2,500,000
      0.33 Acres

      Miami Commercial Land Opportunity

      Two adjacent lots ideal for development in a high-demand area.
      679 NW 30Th St, Miami, FL 33127
      View Details
    • $6,500,000

      Wynwood Industrial/Showroom Opportunity

      Showroom/warehouse in Wynwood, a popular Miami area.
      667 NW 29Th St, Miami, FL 33127
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    • $1,185,000

      Allapattah Corner Warehouse For Sale

      Corner warehouse available for sale in Allapattah neighborhood.
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    • $4,850,000

      Allapattah Warehouse Redevelopment Opportunity

      Warehouse in Allapattah amid investment surge, ideal for redevelopment.
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    Similar Nearby for Lease

    • $29 SF/Yr

      Wynwood Gallery/Showroom Space Available

      Gallery/showroom space with warehouse in vibrant Wynwood neighborhood.
      667 NW 29Th St, Miami, FL 33127
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    • $17 SF/Yr

      Miami Retail Showroom and Warehouse

      Showroom and warehouse space in iconic Wynwood neighborhood.
      667 NW 29Th St, Miami, FL 33127
      View Details
    • Contact for pricing

      FL, Miami - Spaces Wynwood Cube

      Find fully flexible work and meeting space in FL, Miami - Spaces Wynwood Cube
      218 24Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Space Available for Rent

      5,000 sq ft industrial property for lease in Miami.
      525 Nw 29Th St, Miami, FL 33127
      View Details
    • $0.02 SF/Yr

      Wynwood Flex Space with Showroom

      Flex space with showroom, office, and air-conditioned warehouse.
      667 NW 29Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      3,400 SF

      Wynwood Flex Space For Rent

      Flex space in Wynwood with parking and high ceilings.
      144 NW 36Th St, Miami, FL 33127
      View Details
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    2214 Miami Ave
    Miami, FL 33127-4918
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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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