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

    2319 27th Ave Miami, FL 33142-7231

    • Automotive properties
    • 3,375 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8537032
    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

    • Top Quality Miami Roofers / Roofing Company / General Contractor
    • B&T Auto Sales Group | Auto Repair Mechanic Shop / Auto Repair Shop

    Property Details for 2319 27th Ave

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    3,375 SF
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Automotive properties
    APN
    01-3127-004-0370
    APU
    131270040370

    Description

    This exceptional 3,375-square-foot retail space at 2319 NW 27th Ave, Miami, FL 33142, presents a fantastic leasing opportunity. The property, zoned 6100, is a single-tenant building with one suite and offers three convenient parking spaces (APN: 01-31-27-004-0370). Currently vacant, this versatile space is ideal for a variety of uses, including retail, office, or warehouse operations. The layout features one large open area and a restroom, providing flexibility for tenant customization. Its location on a busy 27th Avenue offers high visibility and accessibility, with proximity to Miami International Airport, the Miami River, and the Metro Rail, ensuring significant foot and vehicle traffic. The property is ready for immediate occupancy, making it an attractive option for businesses seeking a strategic location in a thriving Miami neighborhood. This is a rare chance to secure a well-situated commercial property in a high-demand area. Don't miss this opportunity to establish your business in a prime Miami location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2396
    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
    $6,553
    $305,500
    $95,585
    $401,085
    -
    $305,500
    $95,585
    $401,085

    Comparable in this City

    • Value Estimation by Request
      6,213 SF

      2345 36th St

      VEHICLE SALES, RENTALS • 6,213 SF
      2345 36th St, Miami, FL 33142-5359
      View Details
    • Value Estimation by Request
      7,020 SF

      2527 38th Ct

      VEHICLE SALES, RENTALS • 7,020 SF
      2527 38th Ct, Miami, FL 33142-6747
      View Details
    • Value Estimation by Request
      8,152 SF

      1500 20th St

      VEHICLE SALES, RENTALS • 8,152 SF
      1500 20th St, Miami, FL 33142-7402
      View Details
    • Value Estimation by Request
      1,157 SF

      3642 22nd Ave

      VEHICLE SALES, RENTALS • 1,157 SF
      3642 22nd Ave, Miami, FL 33142-8305
      View Details
    • Value Estimation by Request
      1,680 SF

      4101 28th St

      VEHICLE SALES, RENTALS • 1,680 SF
      4101 28th St, Miami, FL 33142
      View Details
    • Value Estimation
      $1,100,000
      4,400 SF

      2401 36th Ave

      VEHICLE SALES, RENTALS • 4,400 SF
      2401 36th Ave, Miami, FL 33142-6847
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Property Near Airport

      Retail, office, and warehouse space with parking.
      3200 South River Dr, Miami, FL 33142
      View Details
    • $2,300,000

      Automotive Repair Shop Near Casino

      Commercial property near Hialeah Park Casino, currently an auto shop.
      3200 NW 54Th St, Miami, FL 33142
      View Details
    • $4,750,000
      33,541 SF

      Miami Redevelopment Opportunity

      High-yield multifamily redevelopment
      3520 33Rd Ave, Miami, FL 33142
      View Details
    • Contact for pricing
      2,824 SF

      Murphy USA Investment Opportunity, Miami

      Newly constructed Murphy USA with long-term ground lease in Miami.
      3196 NW 54Th St, Miami, FL 33142
      View Details
    • $1,200,000

      Operating Salvage Parts Dealer Lot

      Commercial lot with operating salvage parts dealer on 36th St.
      3624 NW 36Th St, Miami, FL 33142
      View Details
    • $99,000

      Established Car Rental Near Airport

      Car rental business opportunity near Miami International Airport.
      4121 NW 25Th St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo

      Miami Industrial Stand-Alone Building

      Stand-alone commercial building suitable for automotive, retail, warehouse, or manufacturing.
      2112 NW 36Th St, Miami, FL 33142
      View Details
    • $2,300 /Mo

      Office Space with Parking Included

      Office space with parking, car wash, ideal for car-related businesses.
      3990 NW 26Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      5,940 SF

      Prime Allappattah Warehouse Space

      5,940 SF Warehouse, Ideal Location
      1833 20Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      8,050 SF

      Allapattah Flex Space Available

      Miami Flex Space: Modern & Versatile
      1724 22Nd St, Miami, FL 33142
      View Details
    • $20 SF/Yr
      1,500 SF

      Allapattah Retail Building with Parking

      Freestanding 1,500 SF retail building with parking in Allapattah.
      1841-1845 NW 20Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      1,872 SF

      Retail/Office Space in New Development

      Ground floor retail or office space in Class A development.
      2900 SW 28Th St, Miami, FL 33142
      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.
    2319 27th Ave
    Miami, FL 33142-7231
    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.