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Property profile

2324 8th St Miami, FL 33135

OFF-MARKET
Office buildings
Property ID
US19-0833062
View Sample
1,720 SF 0.11 ac lot Built 1944
Entity Owned 2-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1944
Construction CONCRETE
Total area 1,720 SF
Lot 0.11 ac (4,585 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-4110-014-0320
UPID US19-0833062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement HVAC Service
  • Telecommunications Service General Contractor
  • Medical Laboratory
  • Physician
  • Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
$810k
Comparable Approach Comparable
$886k
Blend (final) Blend
$885k

Owner & transaction history

since 2023
Last sale
$745,000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
$745,000
2017
$680,000
2014
$320,000
2012
Price N/A
2008
Price N/A

Zoning & alternative use

6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Top alternative use upside
Auto repair, garage $1.1M +78.4%
Commercial (general) $835,000 +32.2%
Medical building $755,000 +19.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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