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

    243 10Th Ave Miami, FL 33130

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9417000
    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 243 10Th Ave

    Year built
    1936
    Property type
    Small apartment buildings

    Description

    This charming 1936-built, two-story duplex in Miami, Florida, presents a fantastic investment opportunity. Located at 243 SW 10th Ave, in the heart of Miami-Dade County (zip code 33130), this property offers exceptional convenience with its proximity to major expressways, Miami Beach, the airport, Downtown Miami, and Brickell. Each of the two units boasts two bedrooms and two bathrooms, recently updated with modern amenities including impact-resistant doors and windows. The property's excellent condition and desirable location make it an ideal choice for investors seeking strong rental income. Beyond the existing structure, the property also offers significant potential for expansion. The available land allows for the construction of an additional duplex, significantly increasing the property's value and rental income potential. The asking price for this multifamily property is $1,295,000. This is a rare opportunity to acquire a well-maintained, income-generating property in a highly sought-after Miami location with substantial room for growth. Don't miss out on this exceptional investment opportunity.

    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
    -80.2111389
    Latitude
    25.7708342

    Comparable in this City

    • $45,000

      Miami Brickell Storage Units

      Prime Brickell storage, owner-only.
      40 13Th St, Miami, FL 33130
      View Details
    • $1,195,000
      2,752 SF

      Little Havana Multifamily Investment

      Renovated Fourplex, High Income Potential
      236 10Th Ave, Miami, FL 33130
      View Details
    • $1,580,000
      4,950 SF

      Prime Miami Duplex - Little Havana

      Historic 2-unit building, redevelopment potential.
      405 11Th Ave, Miami, FL 33130
      View Details
    • $2,195,000

      Renovated Multifamily Property Near Brickell

      Eight renovated units in Miami, near Brickell, Downtown, and Coral Gables.
      1035 SW 4Th St, Miami, FL 33130
      View Details
    • $1,615,000

      Little Havana Multifamily Investment

      Fourplex, fully renovated, high demand.
      112 11Th Ave, Miami, FL 33130
      View Details
    • $1,990,000

      Multifamily Property Near Downtown Miami

      Six-unit multifamily property near Downtown Miami and Brickell.
      29 SW 9Th Ave, Miami, FL 33130
      View Details

    Similar Nearby for Sale

    • $45,000

      Miami Brickell Storage Units

      Prime Brickell storage, owner-only.
      40 13Th St, Miami, FL 33130
      View Details
    • $1,195,000
      2,752 SF

      Little Havana Multifamily Investment

      Renovated Fourplex, High Income Potential
      236 10Th Ave, Miami, FL 33130
      View Details
    • $1,580,000
      4,950 SF

      Prime Miami Duplex - Little Havana

      Historic 2-unit building, redevelopment potential.
      405 11Th Ave, Miami, FL 33130
      View Details
    • $2,195,000

      Renovated Multifamily Property Near Brickell

      Eight renovated units in Miami, near Brickell, Downtown, and Coral Gables.
      1035 SW 4Th St, Miami, FL 33130
      View Details
    • $1,615,000

      Little Havana Multifamily Investment

      Fourplex, fully renovated, high demand.
      112 11Th Ave, Miami, FL 33130
      View Details
    • $1,990,000

      Multifamily Property Near Downtown Miami

      Six-unit multifamily property near Downtown Miami and Brickell.
      29 SW 9Th Ave, Miami, FL 33130
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Little Havana Apartment For Rent

      Centrally located 2 bed, 1.5 bath unit in Little Havana.
      1063 SW 22Nd St, Miami, FL 33130
      View Details
    • $1,800 /Mo

      Remodeled Apartment Near Calle Ocho

      Remodeled one-bedroom apartment, close to restaurants, markets, and shops.
      600 SW 103Rd St, Miami, FL 33130
      View Details
    • $1,850 /Mo

      Spacious Apartment in Central Location

      Well-maintained apartment with open kitchen and assigned parking.
      452 SW 105Th St, Miami, FL 33130
      View Details
    • $1,675 /Mo

      Miami Apartment Near Brickell

      Charming 1 bed, 1 bath apartment near Brickell.
      527 SW 104Th St, Miami, FL 33130
      View Details
    • $2,400 /Mo

      Loft-Style Condo Near Brickell

      Spacious 1BD/1.5BA condo with modern amenities and prime location.
      498 SW 2Nd St, Miami, FL 33130
      View Details
    • $2,049 /Mo

      Spacious Apartment Ready to Move

      Apartment with balcony, community laundry, well-maintained building, excellent location.
      637 SW 10Th Ave, Miami, FL 33130
      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.
    243 10Th Ave
    Miami, FL 33130
    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.