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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2520 191St St Miami, FL 33180

    • Small apartment buildings
    • 3,037 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8061033
    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 2520 191St St

    Year built
    1970
    Property size
    3,037 SF
    Property type
    Small apartment buildings

    Description

    This 1-story, 3,037 square foot apartment building in Miami, Florida, presents a compelling investment opportunity. Built in 1970, the property comprises four units: three 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit. All units feature central air conditioning, newer roofing, tile floors, and hurricane shutters. Currently fully leased, the property offers immediate income potential. Situated on a 10,575 square foot lot, the zoning allows for the development of a significantly larger building (20+ units on a 4-story structure, per zoning regulations; buyers should conduct independent zoning verification). The property enjoys a prime location in a rapidly developing area with residential and mixed-use projects underway. Conveniently located near the Brightline train station, Aventura Mall, Gulfstream, and major highways, it also benefits from proximity to excellent schools, shopping, dining, houses of worship, and the Fort Lauderdale International Airport. Showings are strictly by appointment only, following the execution of a fully signed contract, and access will be granted during inspections. Do not contact tenants.

    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
    -80.1504177
    Latitude
    25.9517593

    Comparable in this City

    • $2,200,000
      5,600 SF

      Miami 8-Unit Apartment Building

      Prime Miami location, 8 units, renovated.
      2500 192Nd St, Miami, FL 33180
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    • $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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    • $465,000

      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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    • $4,650,000
      110,000 SF

      Aventura Luxury Condo Office Space

      110,000 SF Office, 22 Parking Spaces
      20900 30Th Ave, 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
      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

    Similar Nearby for Sale

    • $2,200,000
      5,600 SF

      Miami 8-Unit Apartment Building

      Prime Miami location, 8 units, renovated.
      2500 192Nd St, Miami, FL 33180
      View Details
    • $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
    • $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
    • $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
    • $465,000

      Aventura Circle Corner Unit

      Updated 2 bed, 2 bath condo with Intracoastal views.
      20505 E Country Club Dr, 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

    • $2,500 /Mo

      Aventura Apartment with Open Floorplan

      Two-bedroom, two-bathroom apartment with modern amenities and convenient location.
      21123 E Dixie Hwy, Aventura, FL 33180
      View Details
    • $1,650 /Mo

      As-Is 1/1 Unit Rental

      Rental unit near Aventura, Brightline, and Biscayne Blvd.
      2500 NE 192Nd 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
      6,400 SF

      Aventura Retail Space For Lease

      Prime Miami location, 6,400 sq ft, new construction.
      2681 191St St, Miami, FL 33180
      View Details
    • $22 SF/Yr
      13,736 SF

      Aventura Office Space: Prime Location

      Modern Aventura offices, flexible suites.
      20801 Biscayne Blvd, Miami, FL 33180
      View Details
    • Contact for pricing
      855 SF

      Retail Space on Biscayne Boulevard

      Retail space available for lease in Miami, Florida.
      20610 Biscayne Blvd, Miami, FL 33180
      View Details
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    2520 191St St
    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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