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

    2388 33Rd St Miami, FL 33142

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2636802
    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

    • Small apartment buildings

    Property Details for 2388 33Rd St

    Year built
    1923
    Property type
    Small apartment buildings

    Description

    This charming 1923 two-story duplex in Miami, Florida, presents a fantastic investment opportunity. Located at 2388 NW 33rd St, Miami, FL 33142, this multifamily property offers two separate units, each with its own electrical meter, and sharing one water meter. The first-floor unit boasts three bedrooms and one bathroom, while the second-floor unit features two bedrooms and one bathroom. Both units have recently undergone fresh interior and exterior painting, ensuring a clean and inviting atmosphere for tenants. The property also includes a sizable fenced yard, ideal for outdoor recreation, gardening, or providing a secure space for children and pets. This well-maintained duplex is situated in a desirable Miami neighborhood, offering convenient access to local amenities and services. The asking price is $629,000. This property is perfect for investors seeking rental income or those looking for a home with additional income potential. The property's location in Miami-Dade County, Florida, adds to its appeal. Don't miss this chance to acquire a versatile and well-maintained property in a thriving area.

    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
    -80.2357375
    Latitude
    25.8060278

    Comparable in this City

    • $1,249,000

      Miami Multifamily Investment Opportunity

      Fourplex, 4 Units, Prime Location
      1725 59Th St, Miami, FL 33142
      View Details
    • $489,000
      1,512 SF

      N Miami Estates Duplex Investment

      Prime Alappatah Duplex with Development Potential
      1613 45Th St, Miami, FL 33142
      View Details
    • $620,000

      Miami Duplex: Prime Investment Opportunity

      Spacious 2-unit duplex with strong rental income.
      2126 47Th Ter, Miami, FL 33142
      View Details
    • $1,050,000

      Miami Multifamily Investment Opportunity

      Solid income, prime Miami location.
      2215 33Rd St, Miami, FL 33142
      View Details
    • $740,000

      Miami Multifamily Investment Opportunity

      High-Yield Duplex, Updated, Prime Location
      2180 59Th St, Miami, FL 33142
      View Details
    • $805,000

      Miami Duplex: Prime Investment Opportunity

      Charming 2-unit duplex in Miami, FL.
      3527 34Th St, Miami, FL 33142
      View Details

    Similar Nearby for Sale

    • $1,249,000

      Miami Multifamily Investment Opportunity

      Fourplex, 4 Units, Prime Location
      1725 59Th St, Miami, FL 33142
      View Details
    • $489,000
      1,512 SF

      N Miami Estates Duplex Investment

      Prime Alappatah Duplex with Development Potential
      1613 45Th St, Miami, FL 33142
      View Details
    • $620,000

      Miami Duplex: Prime Investment Opportunity

      Spacious 2-unit duplex with strong rental income.
      2126 47Th Ter, Miami, FL 33142
      View Details
    • $1,050,000

      Miami Multifamily Investment Opportunity

      Solid income, prime Miami location.
      2215 33Rd St, Miami, FL 33142
      View Details
    • $849,000
      1,904 SF

      Miami Duplex: Prime Investment Opportunity

      Completely remodeled, turnkey duplex in Miami, FL.
      1251 26Th St, Miami, FL 33142
      View Details
    • $649,000
      1,848 SF

      Miami Duplex: Prime Investment

      Legal duplex, great rental income potential.
      1250 58Th St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      New 4 Bed Apartment

      New 4 bed, 2 bath apartment near I95 and Downtown.
      4615 NW 15Th Ct, Miami, FL 33142
      View Details
    • $2,200 /Mo

      Renovated Apartment with In-Unit Laundry

      Completely renovated 2-bedroom apartment with modern amenities in Miami.
      4557 NW 14Th Ave, Miami, FL 33142
      View Details
    • $1,850 /Mo

      Midtown Apartment for Rent

      Cozy 2-bedroom, 1-bathroom apartment in a central location.
      1249 NW 57Th St, Miami, FL 33142
      View Details
    • $2,200 /Mo

      Renovated Apartment with In-Unit Laundry

      Completely renovated 2-bedroom apartment with modern amenities in Miami.
      4555 NW 14Th Ave, Miami, FL 33142
      View Details
    • $1,475 /Mo

      One Bedroom Apartment For Rent

      One bedroom, one bathroom apartment available for rent.
      1281 NW 60Th St, Miami, FL 33142
      View Details
    • $2,000 /Mo

      Renovated 2-Bedroom Apartment For Rent

      Spacious 2-bedroom apartment with renovated bathroom in quiet multiplex.
      3210 NW 22Nd Ave, 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.
    2388 33Rd St
    Miami, FL 33142
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.