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Financial
Distress signals
Property profile

2600 NE 2Nd Ave Miami, FL 33137

FOR SALE
Commercial land
Property ID
US18-3097174
5,990 SF 0.16 ac lot Built 1948
Last sale Oct 2016 · $10,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional mixed-use property, totaling 27,202 square feet, presents a compelling investment opportunity in Miami's thriving Edgewater neighborhood. Currently operating at 100% occupancy with 93 units, this asset is priced at $11,600,000, translating to $426 per square foot. Situated on a 27,202 square foot lot, the property boasts a T6-12-O zoning designation. Its strategic location at the nexus of Edgewater, Wynwood, Midtown, and the Omni/Arts & Entertainment District offers…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$63k
Tax billed · 2023
Assessed value$3.50M
Assessed land$3.50M
Effective rate1.81%

Value estimate

· Oct 2026
$1.43M
$1.28M – $1.57M
Submarket $/SF estimate$1.64M
NOI build-up
Gross scheduled income$285k
Vacancy & credit loss−$14k
Operating expenses−$41k
NOI · 4.32% cap applied$231k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,048/SF
ZIP average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$399 – $2,053
Qualifying comparables10

Cap rate analysis

How does the asset earn?
4.32%
$231k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6101
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.8
Adult Day Care Center7.1
Buffet6.9

Location

2600 NE 2Nd Ave Miami, FL 33137
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
131 29th, Miami, FL 33127-3929 $17,155,600 Oct 2023 3,277 SF
137 29th, Miami, FL 33127-3929 $17,155,600 Oct 2023 2,548 SF
3228 12th, Miami, FL 33127-3236 $200,550 Jul 2023 1,564 SF
2724 2nd, Miami, FL 33127-4140 $7,528,000 May 2023 4,829 SF
33 34th, Miami, FL 33127-3514 $870,000 May 2023 1,244 SF
160 28th, Miami, FL 33127-4430 $6,700,000 Apr 2023 2,859 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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