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    2626-2628 NE 2Nd Ave Miami, FL 33137
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    Property profile & analytics

    2626-2628 NE 2Nd Ave, Miami, FL 33137

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    • Outlet malls
    • 8,522 SF
    • 0.30 lot acres
    For Sale
    $11,600,000
    View Listing →
    Edgewater Development Opportunity For Sale
    $11,600,000
    27,202 SF

    Edgewater Development Opportunity

    Prime development land in Miami's Edgewater neighborhood.

    2626 NE 2nd Ave, Miami, FL
    View Listing
    Property ID
    US18-5507298
    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

    • Avanti Shoe Corporation / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • 1811 Revolution Food from Paraguay y Uruguay / Restaurant / Take-out & Catering
    • The Screening Room / Exhibit
    • 1811 Pasta / Restaurant
    • D'Licious / Bakery / Take-out & Catering

    Property Details for 2626-2628 NE 2Nd Ave

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.30 lot acres
    Zone code
    6110:COMM/RES-DESIGN DIST
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    01-3125-007-0200
    APU
    131250070200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 16, 2026 — Is H Group INC Mario A Arber Revocable Living Trus Quitclaim Deed · related —
    Mar 16, 2026 $4,900,000 Franchi Umberto Marmi USA Re LLC I S H Group INC Warranty Deed —
    Feb 12, 2014 — I S H Group INC Arber Mario A Living Trust Quit Claim Deed · related —
    Nov 30, 2011 — Arber Mario A Living Trust Arber,mario A Quit Claim Deed · related —

    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
    -80.1913
    Latitude
    25.8021
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $71,152
    $3,588,750
    $298,359
    $3,887,109
    -
    $3,588,750
    $298,359
    $3,887,109

    Comparable in this City

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      WHOLESALE OUTLET, DISCOUNT STORE
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    • Value Estimation
      $1,050,000
      3,024 SF

      2344 2nd Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      2344 2nd Ave, Miami, FL 33137-4808
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    • Value Estimation
      $6,615,000
      16,177 SF

      3221 2nd Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      3221 2nd Ave, Miami, FL 33137-4103
      View Details
    • Value Estimation
      $2,770,000
      6,226 SF

      150 40th St

      WHOLESALE OUTLET, DISCOUNT STORE
      150 40th St, Miami, FL 33137-3512
      View Details
    • Value Estimation
      $4,520,000
      14,321 SF

      170 40th St

      WHOLESALE OUTLET, DISCOUNT STORE
      170 40th St, Miami, FL 33137-3512
      View Details
    • Value Estimation
      $5,800,000
      10,625 SF

      123 40th St

      WHOLESALE OUTLET, DISCOUNT STORE
      123 40th St, Miami, FL 33137
      View Details

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      Miami Beach Business Opportunity

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      Established Gas Station in Miami

      High-traffic gas station with additional revenue streams in Miami.
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      Miami Design District Investment Opportunity

      Retail investment opportunity in Miami Design District.
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    Similar Nearby for Lease

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      2,971 SF

      Retail Space Available For Rent

      2971 square feet retail space for rent in Miami.
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    • $132 SF/Yr
      500 SF

      Prime Buena Vista Retail Space

      500 sq ft, Single Tenant, NNN Lease
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      Retail/Office Space For Lease

      Retail or office space available for lease in prime location.
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    • $45 SF/Yr
      10,903 SF

      Edgewater Retail Space on Biscayne

      Prime retail space in Edgewater with high visibility.
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      8,120 SF

      Waterfront Commercial Space in Edgewater

      Premier commercial space with bay views, ideal for various uses.
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      4,800 SF

      Miami Design District Retail Space

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    Miami, FL 33137
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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.

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