Entity Owned
4-yr Hold
~
Est. High Equity
Entity Owned
No photos on file
For Sale
Contact for pricing
2734 1st Ave, Miami, FL 33127-4506
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Property summary
AI-generated overview
The Onyx, a stunning two-story, 18,800-square-foot building at 2734 NW 1st Ave, Miami, FL 33127, offers exceptional office and retail opportunities. This newly constructed free-standing corner building boasts flexible spaces ranging from 3,120 to 7,890 contiguous square feet, perfect for a variety of businesses. The ground floor, with its mezzanine level, totaling 7,790 square feet, is ideally suited for retail or fitness uses, benefiting from its prime location near Wynwood's upcoming pedestrian woonerf on 1st Avenue. The second floor, also featuring a mezzanine and totaling 7,890 square feet, and a 3,120-square-foot penthouse space provide ample office space with substantial storage. This exceptional property is strategically positioned amongst several large mixed-use developments, including Wynwood 29, Artem Green, Wynd 27&28, Quarters Wynwood, and Diesel Wynwood, adding up to over 800 apartment units within a four-block radius, ensuring high visibility and foot traffic. The entire 18,800 square feet is currently vacant and available for lease as multiple tenancies. This presents a unique chance to establish a presence in a rapidly growing and vibrant Miami neighborhood.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2022
Construction
CONCRETE
Total area
11,286 SF
Lot
0.1 ac (4,439 SF)
Zoning code
6101
APN
01-3125-029-0650
UPID
US18-9249336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.61M
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$8.72M
Owner & transaction history
since 2022
Last sale
$9.0M
3 recorded transactions
Zoning & alternative use
6101 · Miami, FL
Top alternative use upside
Retail stores
$13.4M
+74.6%
Warehouse, storage
$12.5M
+62.7%
Commercial (general)
$11.8M
+53.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.72M
Value range
$7.84M – $9.59M
±10% around blend
Estimated value / SF
$772 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$7.84M
blend $8.72M
$9.59M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,286 SF
Lot area
0.1 ac
Year built
2022
Stories
2
APN
01-3125-029-0650
Assessed value
$3,010,946
Annual tax
$61,894
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.32M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.76M
@ 6.5% CAP return
$5.32M
@ 7% CAP return
$4.94M
4
Sales comparison
Partial preview
Sales approach indication
$4.73M
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 8,521 SF
9.8 mi away · 13,385 SF
13.7 mi away · 10,601 SF
14.5 mi away · 12,632 SF
15.0 mi away · 8,452 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.72M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 2091 sales
$682
+13%
County 2270 sales
$649
+19%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $772/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+75%
vs current-use indication
Warehouse, Storage
Commercial (general)
Auto Repair, Garage
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.00%
9.0%
NOI (est.)
$632k *
Last sale · May 2022
$9.03M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.81M
Move the market yield to see immediate price impact.
Value / SF
$1,401
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.50%4.00%4.50%
$569k
$16.26M
$14.23M
$12.65M
$632k
$18.07M
$15.81M
$14.05M
$696k
$19.88M
$17.39M
$15.46M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$5.60M
1.6 mi · Jan 2026 · $506/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$61,894
Tax year 2023
Assessed value
$3,010,946
Assessed 2023
Previous assessed
$1,331,700
+126.1% YoY
Effective rate
2.06%
On assessed value
Assessed land
$1,553,650
Assessed improvement
$1,457,296
Land market value
$1,553,650
Improvement market value
$1,457,296
Total market value
$3,010,946
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Sale
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
11,286 SF
Lot
0.1 ac (4,439 SF)
Zoning code
6101
APN
01-3125-029-0650
UPID
US18-9249336
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FLZoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6101
Jurisdiction
Miami, FL
Recorded code
6101
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6101 in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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