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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Mixed-use properties
2424 Dixie Hwy Miami, FL 33133-3167
Entity Owned
Free & Clear
Property ID
US18-2923866
Property summary
AI-generated overview
Located at 2424 South Dixie Hwy, this landmark building offers flexibility and functionality. The ground floor features an open layout suitable for retail or showroom use, with underground storage space. The second and third floors offer spacious office plates, each equipped with private offices, bathrooms, collaborative open areas, and conference rooms. Each floor has independent access, allowing for the possibility of owner-occupancy of part of the property while leasing the remaining space.
Property profile
Verified
Property type
Mixed-use properties
Use group
PROFESSIONAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
10,402 SF
Lot
0.2 ac (8,863 SF)
Zoning code
4801:RESID-LIMITED RETAIL
APN
01-4115-008-1400
UPID
US18-2923866
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
-
Capsule Media Film Production
-
Cosmo Contour & Spa Miami Spa & Massage Center Alternative Medicine Practice
-
VALET TAN SPRAY TAN COCONUT GROVE Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$4.90M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$5.02M
Owner & transaction history
2424 Dixie LLC
2424 Dixie LLC
since 2025
Last sale
$5.1M
6 recorded transactions
Zoning & alternative use
4801:RESID-LIMITED RETAIL · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$5,305,000
6.5%
$4,895,000
7%
$4,545,000
Alternative Use
Use
Estimation
RESTAURANT
$7,715,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10% · vs last sale $5.10M (May 4 2025)
Last sale anchor
$5.10M
May 4 2025
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
$483 / 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
$39,713
Tax year 2023
Assessed value
$2,575,000
Assessed 2023
Previous assessed
$2,575,000
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$638,136
Assessed improvement
$1,936,864
Land market value
$638,136
Improvement market value
$1,936,864
Total market value
$2,575,000
Applied tax rate
100.0000
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
Mixed-use properties
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
10,402 SF
Lot
0.2 ac (8,863 SF)
Zoning code
4801:RESID-LIMITED RETAIL
APN
01-4115-008-1400
UPID
US18-2923866
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4801:RESID-LIMITED RETAIL · Miami, FL
Zoning 4801:RESID-LIMITED RETAIL · permitted uses
4801:RESID-LIMITED RETAIL · 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
RESTAURANT
Est. value
$7.7M
RESTAURANT
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
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
2424 Dixie LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2424 S DIXIE HWY, MIAMI, FL 33133-3167
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
$5,100,000
2424 Dixie LLC
2424 Holdings LLC
Warranty Deed
—
Jul 8, 2025
—
2424 Holdings LLC
2424 Montero LLC
Deed
related
—
Sep 30, 2024
$5,000,000
2424 Holdings LLC
2424 Montero LLC
Warranty Deed
—
May 11, 2020
—
2424 Montero LLC
Bella Toy 14 INC
Warranty Deed
—
Jun 13, 2016
$3,300,000
Casa Bella-toy 14 INC
2424 Building INC
Warranty Deed
—
—
—
2424 Building INC
—
Deed Of Trust
related
$825,000 · Commercial Bank Florida
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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