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    2430 188Th St Miami, FL 33180
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    Property profile & analytics

    2430 188Th St, Miami, FL 33180

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    • Small apartment buildings
    Off-Market
    Property ID
    US18-3086512
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 2430 188Th St

    Year built
    1970
    Property type
    Small apartment buildings

    Description

    This exceptional four-unit apartment building presents a compelling investment opportunity in Miami's desirable Ojus neighborhood, near Aventura. Built in 1970, this single-story property offers four units, representing a strong potential for rental income. Located at 2430 NE 188th St, Miami, FL 33180, the property boasts a convenient location near the Jewish Community Center (JCC), providing access to numerous recreational and cultural amenities. Its proximity to Aventura Mall, the Brightline Train Station, schools, houses of worship, parks, hospitals, and major highways adds to its appeal. Furthermore, the property's location offers future redevelopment potential. The asking price is $1,000,000. This property is ideal for investors seeking a strong return on investment in a thriving Miami-Dade County location. Please note that direct contact with tenants is discouraged. The property is zoned for multifamily use and offers a unique blend of urban convenience and suburban charm. This is a rare opportunity to acquire a well-situated multifamily property with significant upside potential in a rapidly growing area. The property's single-story design simplifies management and maintenance. Consider this exceptional offering for a secure and profitable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1522129
    Latitude
    25.9489931

    Comparable in this City

    • $2,052,473
      110,000 SF

      Aventura Executive Center Condo Office

      Prime Aventura Office Space: 2737 SF
      20900 30Th Ave, Aventura, FL 33180
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    • $455,000

      Aventura Circle Corner Unit

      Updated 2 bed, 2 bath condo with Intracoastal views.
      20505 E Country Club Dr, Aventura, FL 33180
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    • $1,063,793
      110,000 SF

      Aventura Executive Center Condo Office

      Prime Aventura Office Space: 1576 SF
      20900 30Th Ave, Aventura, FL 33180
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    • $738,680
      110,000 SF

      Aventura Executive Condo Office

      Prime Aventura Office Space, 1072 SF
      20900 30Th Ave, Aventura, FL 33180
      View Details
    • $4,650,000
      110,000 SF

      Aventura Luxury Condo Office Space

      110,000 SF Office, 22 Parking Spaces
      20900 30Th Ave, Aventura, FL 33180
      View Details
    • $1,120,000
      999 SF

      Aventura Office Condo - Prime Location

      999 sq ft, Stunning City Views, Leased
      19790 Dixie Hwy 1001 Hwy, Aventura, FL 33180
      View Details

    Similar Nearby for Sale

    • $2,052,473
      110,000 SF

      Aventura Executive Center Condo Office

      Prime Aventura Office Space: 2737 SF
      20900 30Th Ave, Aventura, FL 33180
      View Details
    • $455,000

      Aventura Circle Corner Unit

      Updated 2 bed, 2 bath condo with Intracoastal views.
      20505 E Country Club Dr, Aventura, FL 33180
      View Details
    • $1,063,793
      110,000 SF

      Aventura Executive Center Condo Office

      Prime Aventura Office Space: 1576 SF
      20900 30Th Ave, Aventura, FL 33180
      View Details
    • $738,680
      110,000 SF

      Aventura Executive Condo Office

      Prime Aventura Office Space, 1072 SF
      20900 30Th Ave, Aventura, FL 33180
      View Details
    • $1,120,000
      999 SF

      Aventura Office Condo - Prime Location

      999 sq ft, Stunning City Views, Leased
      19790 Dixie Hwy 1001 Hwy, Aventura, FL 33180
      View Details
    • $4,650,000
      110,000 SF

      Aventura Luxury Condo Office Space

      110,000 SF Office, 22 Parking Spaces
      20900 30Th Ave, Aventura, FL 33180
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo

      Renovated Duplex Unit For Rent

      Renovated duplex unit near highways, shopping, Aventura Mall, beaches.
      2570 NE 192Nd St, Miami, FL 33180
      View Details
    • $1,690 /Mo

      Spacious 1BR Apartment with Central A/C

      Large one-bedroom unit with tile flooring, central A/C, spacious closets, and one parking space.
      2400 NE 188Th St, Miami, FL 33180
      View Details
    • $2,700 /Mo

      Renovated Apartment for Family Living

      A freshly updated apartment with central A/C, in-unit laundry hookups, and a modern kitchen in the Aventura Waterways District.
      2640 NE 215Th St, Miami, FL 33180
      View Details
    • $9,588 /Mo
      1,610 SF

      Aventura Retail Space: Prime Location

      1610 sq ft Retail Space in Aventura
      2820 214Th St, Aventura, FL 33180
      View Details
    • Contact for pricing

      Commercial Space Available For Rent

      Commercial space available for rent at 19401 W Dixie Hwy.
      19401 W Dixie Hwy, Miami, FL 33180
      View Details
    • Contact for pricing

      Aventura Office Condo For Rent

      Office condo in Aventura's thriving business district, near Brightline.
      20200 W Dixie Hwy, Miami, FL 33180
      View Details
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    Miami, FL 33180
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    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
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