Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    297 54th St Miami, FL 33137

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    297 54th St Miami, FL 33137

    View on Map
    • Commercial land
    • 0.26 lot acres
    Off-Market
    Property ID
    US18-1507162
    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

    • Alfa Homes / General Contractor
    • Miami Professional Photographer | Juan Vasquez / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 297 54th St

    Lot size
    0.26 lot acres
    Zone code
    6101
    Property type
    Commercial land
    APN
    01-3218-021-0110
    APU
    132180210110

    Description

    This exceptional Miami office building at 297 NW 54th Street offers approximately 2,500 square feet of modern, flexible space, perfect for various business uses. The single-tenant building features two efficient AC units, three separate entrances, two bathrooms, and a kitchenette. An additional 600 square feet of versatile storage space with a garage door is also included. Located in the vibrant Little Haiti neighborhood, minutes from the Wynwood Arts District, this property boasts excellent visibility and accessibility. The main building is priced at $30 per square foot, while the additional storage space is $15 per square foot. This standalone building provides a compelling combination of modern amenities, strategic location, and flexible usage options, making it ideal for corporate headquarters, tech startups, legal firms, design studios, medical practices, or retail outlets. Flexible lease terms are available. The property's zoning is 6101, and its APN is 01-31-13-048-0710. This is a single-suite office building in Miami, Florida, zip code 33127.

    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
    -80.19
    Latitude
    25.8258
    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
    $8,801
    $1,147,500
    $0.00
    $1,147,500
    -
    $1,147,500
    $0.00
    $1,147,500

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      264 34th St

      VACANT COMMERCIAL LAND • 0.13 Acres
      264 34th St, Miami, FL 33137-3812
      View Details
    • Value Estimation
      $505,000
      0.14 Acres

      254 34th St

      VACANT COMMERCIAL LAND • 0.14 Acres
      254 34th St, Miami, FL 33137-3812
      View Details
    • Value Estimation by Request
      0.19 Acres

      138 26th St

      VACANT COMMERCIAL LAND • 0.19 Acres
      138 26th St, Miami, FL 33137-4408
      View Details
    • Value Estimation by Request
      0.12 Acres

      325 26th Ter

      VACANT COMMERCIAL LAND • 0.12 Acres
      325 26th Ter, Miami, FL 33137
      View Details
    • Value Estimation by Request
      0.16 Acres

      159 24th St

      VACANT COMMERCIAL LAND • 0.16 Acres
      159 24th St, Miami, FL 33137
      View Details
    • Value Estimation by Request
      0.16 Acres

      105 24th St

      VACANT COMMERCIAL LAND • 0.16 Acres
      105 24th St, Miami, FL 33137-4830
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Biscayne Blvd Development Opportunity

      14,000 sq ft land with plans for 10 luxury townhomes.
      5215 Biscayne Blvd, Miami, FL 33137
      View Details
    • $610,000

      Biscayne Boulevard Commercial Land Available

      Commercial land available on Biscayne Boulevard, Miami.
      5781 Biscayne Blvd, Miami, FL 33137
      View Details
    • Contact for pricing

      Development Land Near Wynwood

      Exceptional development land near Wynwood, Midtown, and Design District.
      5220 Biscayne Blvd, Miami, FL 33137
      View Details
    • $3,800,000
      13,970.00 Acres

      Biscayne Blvd Development Opportunity

      14,000 sq ft land with plans for 10 townhomes.
      5215 Biscayne Blvd, Miami, FL 33137
      View Details
    • $3,800,000

      Biscayne Blvd Development Opportunity

      14,000 sq ft land with plans for 10 luxury townhomes.
      5215 Biscayne Blvd, Miami, FL 33137
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      2,730 SF

      4300 Biscayne Blvd

      Office properties & Spaces
      4300 Biscayne Blvd, Miami, FL 33137
      View Details
    • $35 SF/Yr
      1,058 SF

      Medical Office in Biscayne Corridor

      Class C medical office space for lease in Miami.
      3000-3030 Biscayne Blvd, Miami, FL 33137
      View Details
    • $75 SF/Yr
      25,101 SF

      Modern Office Space with Amenities

      Office space featuring rooftop access, terraces, and fitness center.
      95 NW 29Th St, Miami, FL 33137
      View Details
    • $35 SF/Yr
      2,971 SF

      Retail Space Available For Rent

      2971 square feet retail space for rent in Miami.
      185 NE 59Th St, Miami, FL 33137
      View Details
    • $35 SF/Yr

      Miami Office/Medical Building For Rent

      Five-story office/medical building in Miami's Biscayne Corridor Submarket.
      3000 Biscayne Blvd, Miami, FL 33137
      View Details
    • $132 SF/Yr
      500 SF

      Prime Buena Vista Retail Space

      500 sq ft, Single Tenant, NNN Lease
      5010 2Nd Ave, Miami, FL 33137
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    297 54th St
    Miami, FL 33137
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!