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    2825 2nd Ave Miami, FL 33127-3919
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    Property profile & analytics

    2825 2nd Ave, Miami, FL 33127-3919

    View on Map
    • Outlet malls
    • 10,529 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Jul 10, 2025
    Property ID
    US19-0523878
    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
    $9,565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hamburguesa real Italian / Food Processing Plant
    • Ducati Miami / (Bike/Boat/Book/etc) Store / Motorcycle Shop
    • DIROCCO Eyewear / (Bike/Boat/Book/etc) Store
    • Mural- Flamingo - Artist Unknown / Artist

    Property Details for 2825 2nd Ave

    Year built
    1936
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Zone code
    6100:COMMERCIAL,NEIGHBRHD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    01-3125-028-1200
    APU
    131250281200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2025 — Thor Wynwood Owner LLC Thor Wynwood Owner II LLC Special Warranty Deed —
    Sep 19, 2025 $14,500,000 Thor Wynwood Owner LLC 2825 Wynwood LLC Special Warranty Deed —
    Apr 11, 2023 $26,000,000 2825 Wynwood Holding LLC Gamma Fl Wynwood LLC Special Warranty Deed —
    Nov 7, 2022 $250,100 Gamma Fl Wynwood LLC Wynwood Gateway II LLC Trustees Deed · related —
    Jun 19, 2019 — Wynwood Gateway II LLC — Grant Deed · related $23M · Gamma Fl Wynwood LLC
    Jun 16, 2017 — Wynwood Gateway LLC — Loan Modification · related $4.7M · Bank Of The Ozarks
    Apr 3, 2013 — Wynwood Gateway LLC — Deed Of Trust · related $3M · Lion Financial INC
    Nov 23, 2011 $850,000 Wynwood Gateway LLC 29 & 2 Realty LLC Grant Deed $1M · Wyn 29 LLC
    Jul 29, 2009 — 29 & 2 Realty LLC — Grant Deed · related $1.2M · Bac Florida Bank
    Jun 15, 2006 $2,150,000 29 & 2 Realty LLC Strawberry Management INC Grant Deed $1.2M · Bac Florida Bank
    Jun 15, 2004 — Strawberry Management INC Lynch,alice M Est Grant Deed · related —
    — — Wynwood Gateway LLC — Deed Of Trust · related $3.4M · Pacific Nat'l Bk
    — — Wynwood Gateway LLC — Deed Of Trust · related $1M · Wyn 29 LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $10,695,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,535,000
      Current use
      WAREHOUSE, STORAGE
      $11,685,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $11,030,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1989
    Latitude
    25.8036
    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
    $158,479
    $6,950,000
    $574,469
    $7,524,469
    -
    $6,950,000
    $574,469
    $7,524,469

    Comparable in this City

    • Value Estimation
      $1,310,000
      5,000 SF

      525 29th St

      WHOLESALE OUTLET, DISCOUNT STORE
      525 29th St, Miami, FL 33127-3917
      View Details
    • Value Estimation
      $1,505,000
      5,939 SF

      2501 2nd Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      2501 2nd Ave, Miami, FL 33127-4305
      View Details
    • Value Estimation
      $2,195,000
      7,744 SF

      274 27th St

      WHOLESALE OUTLET, DISCOUNT STORE
      274 27th St, Miami, FL 33127-4122
      View Details
    • Value Estimation
      $1,530,000
      5,005 SF

      4030 Miami Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      4030 Miami Ave, Miami, FL 33127-2810
      View Details
    • Value Estimation
      $12,440,000
      28,178 SF

      3101 Miami Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      3101 Miami Ave, Miami, FL 33127-3721
      View Details
    • Value Estimation
      $1,935,000
      6,491 SF

      3246 Miami Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      3246 Miami Ave, Miami, FL 33127-3555
      View Details

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      Wynwood Boutique Office/Creative Space

      Modern, fully furnished offices in vibrant Wynwood, Miami.
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      Wynwood Retail Space Available

      Versatile commercial property in Wynwood with flexible space options.
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      Turnkey Salon in Miami

      Fully renovated salon space for lease in Miami's urban core.
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    Miami, FL 33127-3919
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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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