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Property profile & analytics
OFF-MARKET
Turn key restaurants
325 24th St, Miami, FL 33127-4325
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3716858
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
CONCRETE
Total area
11,365 SF
Lot
0.21 ac (9,135 SF)
Zoning code
6101
APN
01-3125-034-0110
UPID
US18-3716858
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vgng Wynwood LLC · 1 yrs held
Vgng Wynwood LLC
since 2024
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
6101 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,796
Tax year 2023
Assessed value
$3,971,015
Assessed 2023
Previous assessed
$3,753,083
+5.8% YoY
Effective rate
2.14%
On assessed value
Assessed land
$3,197,250
Assessed improvement
$773,765
Land market value
$3,197,250
Improvement market value
$773,765
Total market value
$3,971,015
Applied tax rate
100.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
11,365 SF
Lot
0.21 ac (9,135 SF)
Zoning code
6101
APN
01-3125-034-0110
UPID
US18-3716858
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FL
Zoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Vgng Wynwood LLC
Entity
Mailing address
600 MADISON AVE, NEW YORK, NY 10022-1615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$12,300,000
Vgng Wynwood LLC
W25 Retail Owner LLC
Special Warranty Deed
$8,250,000 · Fairview Investment Fund Vii LP
Jun 28, 2018
—
W25 Retail Owner LLC
—
Loan Modification
related
$5,132,891 · Fs Creit Originator LLC
Jun 26, 2017
—
W25 Owner LLC
—
Grant Deed
related
$57,992,000 · Bank Of The Ozarks
Jun 20, 2017
—
W25 Owner LLC
Ee Wynwood Central Owner LLC
Grant Deed
—
May 16, 2017
$5,187,600
W25 Retail Owner LLC
Ee Wynwood Central Owner LLC
Trustees Deed
$5,187,501 · Rcm Wynwood I LLC
Aug 27, 2013
—
Wynwood Plaza LLC
—
Loan Modification
related
$4,667,940 · Lion Financial INC
May 23, 2012
$5,700,000
Wynwood Plaza LLC
Wynwood Dev Corp
Grant Deed
related
$5,000,000 · Lion Financial INC
Feb 21, 2003
$3,250,000
Wynwood Development Corp
Nitram Partners Ltd
Grant Deed
$2,750,000 · Nitram Partners Ltd
Jan 12, 1998
$1,211,100
Martin Family Investment Co
Miami Metal Products INC
Quit Claim Deed
related
—
—
—
Wynwood Plaza LLC
—
Loan Modification
related
$400,000 · Lion Financial INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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