Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    231 42nd Ave Miami, FL 33126-5482
    Property profile & analytics

    231 42nd Ave, Miami, FL 33126-5482

    View on Map
    • Gas stations
    • 3,817 SF
    • 0.59 lot acres
    Off-Market
    Last Sale Dec 28, 2020
    Property ID
    US19-0781461
    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.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • El Car Wash - Airport / Le Jeune / Car Wash

    Property Details for 231 42nd Ave

    Year built
    2012
    Lot size
    0.59 lot acres
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Gas stations
    APN
    01-4105-010-0020
    APU
    141050100020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2020 — Castle-mount Lejeune LLC Lawrence J T Schlosberg Warranty Deed —
    Apr 6, 2018 — Thomas Sheeja — Deed · related $150k · Unifirst Mortgage Corp
    Jul 24, 2013 — Schlosberg,martin W Living Trust Schlosberg Jack B JR Trust Quit Claim Deed · related —
    Jun 16, 2008 — Schlosberg Jack B JR Trust Schlosberg,jack JR Quit Claim Deed · related —
    Mar 1, 2008 — Record Owner Owner,record Grant Deed · related —
    Feb 29, 2008 — Golden Coast Holdings LLC Schlosberg,martin W Warranty Deed —
    Feb 22, 2007 $345,300 Sokol Real Estate Holdings INC Cusner,bonnie S Grant Deed —
    Dec 17, 2005 — Schlosberg Jack B JR Trust Schlosberg,jack JR Quit Claim Deed · related —
    Nov 14, 2005 — Sokol Real Estate Holdings INC Dachisen,lynn S Grant Deed —
    Oct 12, 2005 — Sokol Real Estate Holdings INC Dachisen,lynn S Grant Deed —
    Aug 23, 2005 — Schlosberg Terri E Trust Schlosberg,terri E Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $634,000
      Market price range: $265k - $635k

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2635
    Latitude
    25.7741
    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
    $46,505
    $1,912,500
    $349,822
    $2,262,322
    -
    $1,912,500
    $349,822
    $2,262,322

    Comparable in this City

    • Value Estimation by Request
      7,218 SF

      8399 12th St

      SERVICE STATION (FULL SERVICE)
      8399 12th St, Doral, FL 33126-1842
      View Details
    • Value Estimation by Request
      3,771 SF

      1101 42nd Ave

      SERVICE STATION (FULL SERVICE)
      1101 42nd Ave, Miami, FL 33126-3607
      View Details
    • Value Estimation by Request
      1,418 SF

      675 42nd Ave

      SERVICE STATION (FULL SERVICE)
      675 42nd Ave, Miami, FL 33126-5521
      View Details
    • Value Estimation by Request
      6,245 SF

      660 42nd Ave

      SERVICE STATION (FULL SERVICE)
      660 42nd Ave, Miami, FL 33126-5522
      View Details
    • Value Estimation
      $625,000
      4,994 SF

      5100 7th St

      SERVICE STATION WITH FOOD MART
      5100 7th St, Miami, FL 33126-3325
      View Details
    • Value Estimation by Request
      2,634 SF

      4701 7th St

      SERVICE STATION (FULL SERVICE)
      4701 7th St, Miami, FL 33126-2201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Doral Auto Paint Shop

      Established auto paint shop in Doral with equipment included.
      0000 Nw 56Th Ave, Miami, FL 33126
      View Details
    • Contact for pricing

      Mixed-Use Development in Miami, FL

      39-acre mixed-use development with retail and residential in Miami.
      3825 NW 7Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      Retail Space in Miami Mart

      Prime retail space in a vibrant Miami commercial center.
      777 NW 72Nd Ave, Miami, FL 33126
      View Details
    • $400,000

      Miami Liquor Store Opportunity

      Turnkey liquor store in high-traffic Miami shopping center.
      3941 NW 7Th St, Miami, FL 33126
      View Details
    • $75,000

      Office or Retail Space Available

      Office or retail space with utilities included in Miami.
      777 NW 72Nd Ave, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • $29,500

      Retail Space Available For Rent

      Retail space available for rent in Miami-Dade County.
      6910 NW 12Th St, Miami, FL 33126
      View Details
    • Contact for pricing

      Retail Space Near Miami Airport

      Retail space available for lease near Miami International Airport.
      777 NW 72Nd Ave, Miami, FL 33126
      View Details
    • Contact for pricing

      Well-Located Strip Mall Space

      Vacant strip mall space available for rent, easy to show.
      4021 NW 7Th St, Miami, FL 33126
      View Details
    • $16 SF/Yr
      1,100 SF

      Prime Miami Retail Space

      1,100 sq ft Retail Condo, Miami
      777 72Nd Ave, Miami, FL 33126
      View Details
    • Contact for pricing
      199,410 SF

      Flagami Retail Space: Prime Location

      New Retail Space, High Traffic Area
      3930 7Th St, Miami, FL 33126
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in Midway Crossings

      Retail space available in high-traffic Miami mall.
      7757-7795 W Flagler St, Miami, FL 33126
      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.
    231 42nd Ave
    Miami, FL 33126-5482
    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

    Thank You for Inquiry
    231 42nd Ave, Miami, FL, 33126
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!