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Property profile & analytics
OFF-MARKET
Estimated value
$3,245,000
Office buildings
2321 62nd St Miami, FL 33147-7738
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-3366019
Property summary
AI-generated overview
This exceptional 1.16-acre development opportunity in Miami, Florida, presents a compelling investment prospect. Located at 2321 NW 62nd St, 33147, within Miami-Dade County's Mixed-Use Corridor (MC) zoning (6062 UC CENTER - MIXED USE CORRIDOR (MC)), this property offers significant potential. The existing 50,446 square foot, 10-story building, constructed in 1994, presents a redevelopment opportunity within a Qualified Opportunity Zone and Qualified Census Tract, unlocking various tax and development incentives. The site's zoning permits the construction of up to 90 units per acre, with a minimum of two and a maximum of ten floors. The asking price is $4,500,000, translating to $89.20 per square foot. The property's APN is 30-3115-026-0010. This prime location offers developers a chance to capitalize on Miami's thriving real estate market and benefit from substantial development incentives. The rectangular parcel's size and zoning make it ideal for a high-density mixed-use project. This is a rare chance to acquire a significant development site in a high-growth area. Don't miss this opportunity to create a landmark project in a vibrant and expanding urban center.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1954
Construction
CONCRETE
Total area
7,106 SF
Lot
1.16 ac (50,446 SF)
Zoning code
6062
APN
30-3115-026-0010
UPID
US18-3366019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hadley Davis Funeral Home (MLK) Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.35M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$3.25M
Owner & transaction history
Hadley Davis Funeral Home LLC · 12 yrs held
Hadley Davis Funeral Home LLC
since 2013
7 recorded transactions
Zoning & alternative use
6062 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+8.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,625,000
6.5%
$3,345,000
7%
$3,105,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,845,000
Current use
RESTAURANT
$5,270,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,645,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$4,065,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.25M
Range $2.92M – $3.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$457 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,124
Tax year 2023
Assessed value
$1,703,509
Assessed 2023
Previous assessed
$1,200,941
+41.8% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,513,380
Assessed improvement
$190,129
Land market value
$1,513,380
Improvement market value
$190,129
Total market value
$1,703,509
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
7,106 SF
Lot
1.16 ac (50,446 SF)
Zoning code
6062
APN
30-3115-026-0010
UPID
US18-3366019
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6062 · Miami, FL
Zoning 6062 · permitted uses
6062 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RETAIL STORES
Est. value
$4.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Hadley Davis Funeral Home LLC
Entity
Mailing address
2321 NW 62ND ST, MIAMI, FL 33147-7738
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Hadley Davis Funeral Home LLC
—
Deed
related
$4,000,000 · Truist Bank
Dec 15, 2017
—
Hadley Davis Funeral Home LLC
—
Deed
related
$175,000 · City National Bank Of Florida
Jul 29, 2013
$740,000
Hadley Davis Funeral Home LLC
Lushan Properties LLC
Warranty Deed
$746,000 · Wells Fargo Bank NA
Aug 9, 2011
—
Lushan Properties LLC
Lushan,daniel
Quit Claim Deed
related
—
Mar 16, 2011
—
Daniel Lushan
Poitier,bernard C Coc
Trustees Deed
related
—
—
—
Bernard C Poitier
—
Deed Of Trust
related
$250,000 · American Financial Network INC
—
—
Hadley Davis Funeral Home LLC
—
Deed Of Trust
related
$1,500,000 · City Nat'l Bk/fl
—
—
Bernard C Poitier
—
Deed Of Trust
related
$501,000 · Daniel Lushan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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