Property profile & analytics
29 1st Ave Miami, FL 33131-1005
- Outlet malls
- 4,950 SF
- 0.06 lot acres
OFF-MARKET
Value Estimations
$2,155,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-3888651
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.
Current Use by Public Records
- Miami Discount Center Inc / Discount Store
Property Details for 29 1st Ave
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 4,950 SF
- Zone code
- 6401:COMMERCIAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 01-0112-010-1150
- APU
- 101120101150
Description
This exceptional Miami office building at 29 SE 1st Avenue, located in the heart of Miami, Florida (zip code 33131), presents a fantastic investment opportunity. Priced at $598,000, this established business boasts over 20 years of operation and a loyal, recurring clientele. The sale includes all existing equipment and inventory, allowing for immediate income generation. Detailed supplier information and merchandise are also part of the sale, ensuring a seamless transition for the new owner. The building itself offers a substantial amount of space, with the main office area complemented by a large second-floor storage area that mirrors the dimensions of the ground floor. This provides ample room for inventory, supplies, or additional office functions. The current owner is readily available on-site for discussions and a comprehensive handover. This turnkey operation is ready for a new owner to step in and continue its success. The property is an office building with no specified lot size. This is a rare opportunity to acquire a well-established, profitable business in a prime Miami location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,690,000
- 6.5%
- $2,485,000
- 7%
- $2,305,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,760,000
Market price range: $336k - $4.58M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1917
- Latitude
- 25.7736
- 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
$27,178
$1,925,000
$139,606
$2,064,606
-
$1,925,000
$139,606
$2,064,606
