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Property profile

256 42nd Ave Miami, FL 33126

OFF-MARKET
Office buildings
Property ID
US19-0887799
1,672 SF 0.16 ac lot Built 1939
Entity Owned 6-yr Hold Free & Clear

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1939
Construction CONCRETE
Total area 1,672 SF
Lot 0.16 ac (6,800 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-4105-012-0010
UPID US19-0887799

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist
  • Alternative Medicine Practice
  • Physician
  • Mobile Phone Store Electronics & Wireless Store
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$785k
Comparable Approach Comparable
$474k
Blend (final) Blend
$425k

Owner & transaction history

since 2019
5 recorded transactions
2019
$100
2005
$660,000
2005
Price N/A
2005
$360,000
1997
$280,000

Zoning & alternative use

6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Top alternative use upside
Auto repair, garage $1.1M +21.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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