Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    332 35th St Miami, FL 33137-3902

    • Turn key restaurants
    • 3,140 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3817887
    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

    • Turn key restaurants

    Property Details for 332 35th St

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Property size
    3,140 SF
    Zone code
    CEN HI DENS BORDERS CB
    Property type
    Turn key restaurants
    APN
    01-3230-003-0310
    APU
    132300030310

    Description

    This exceptional 17-unit apartment building presents a compelling investment opportunity in Miami's vibrant Wynwood Norte neighborhood. Situated on a substantial 6.9-acre lot, the property boasts a prime location near the Design District and Shops at Midtown, offering convenient access to upscale retail, dining, and entertainment. Currently a four-story structure, the T4-R zoning permits the development of up to four stories and 17 units, subject to square footage per unit. The City of Miami's approved Neighborhood Revitalization District designation provides increased flexibility for mixed-use development, allowing for the incorporation of multifamily residential units and commercial space on the ground floor. This presents a unique chance to capitalize on the area's growth and high demand for residential and commercial properties. The existing building generates approximately $7,000 monthly rental income from four units. This property offers significant upside potential for investors seeking to renovate, expand, or redevelop in a thriving Miami location. The asking price is $1,200,000. This is a rare opportunity to acquire a substantial property in a rapidly appreciating area. The property's size and zoning provide a flexible platform for a variety of development scenarios, catering to both residential and commercial needs. Don't miss this chance to secure a piece of Miami's dynamic real estate market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $693,000
      Market price range: $252k - $693k

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.189
    Latitude
    25.8092
    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
    $122,963
    $8,366,250
    $453,527
    $8,819,777
    -
    $8,366,250
    $453,527
    $8,819,777

    Comparable in this City

    • Value Estimation
      $440,000
      3,039 SF

      5390 Biscayne Blvd

      RESTAURANT • 3,039 SF
      5390 Biscayne Blvd, Miami, FL 33137
      View Details
    • Value Estimation
      $675,000
      13,624 SF

      90 39th St

      RESTAURANT • 13,624 SF
      90 39th St, Miami, FL 33137-3643
      View Details
    • Value Estimation
      $535,000
      4,811 SF

      3531 Biscayne Blvd

      RESTAURANT • 4,811 SF
      3531 Biscayne Blvd, Miami, FL 33137
      View Details
    • Value Estimation
      $475,000
      5,349 SF

      5556 4th Ct

      RESTAURANT • 5,349 SF
      5556 4th Ct, Miami, FL 33137-2606
      View Details
    • Value Estimation
      $4,245,000
      3,168 SF

      2201 Biscayne Blvd

      RESTAURANT • 3,168 SF
      2201 Biscayne Blvd, Miami, FL 33137-5015
      View Details
    • Value Estimation
      $2,895,000
      2,504 SF

      28 29th St

      RESTAURANT • 2,504 SF
      28 29th St, Miami, FL 33137-4413
      View Details

    Similar Nearby for Sale

    • $43,500

      Established Restaurant Brand Opportunity

      Profitable upscale sushi restaurant with loyal clientele for sale.
      205 NE 35Th St, Miami, FL 33137
      View Details
    • $170,000

      Turnkey Restaurant in Design District

      Profitable Italian restaurant in Miami's Design District, ready for operation.
      Miami, FL 33137
      View Details
    • $1,500,000

      Mediterranean-Inspired Restaurant Space For Sale

      Elegant restaurant space with a full commercial kitchen and patio.
      4702 NE 2Nd Ave, Miami, FL 33137
      View Details
    • $2,950,000

      Turn-Key Restaurant in Edgewater, Miami

      Fully built-out restaurant with liquor license in a prime location.
      2426 NE 2Nd Ave, Miami, FL 33137
      View Details
    • $95,000

      Turnkey Italian Convenience Store & Cafe

      Turnkey Italian convenience store and cafe in Miami, Florida.
      Miami, FL 33137
      View Details
    • $84,000

      Prime Miami Restaurant for Sale

      Profitable Empanada Cafe in Upper Buena Vista
      5010 2Nd Ave, Miami, FL 33137
      View Details

    Similar Nearby for Lease

    • $55 SF/Yr
      9,419 SF

      Biscayne Blvd Retail Spaces For Lease

      Prime MiMo District Retail Opportunity
      5700 Biscayne Blvd, Miami, FL 33137
      View Details
    • Contact for pricing
      29,407 SF

      Mohawk Wynwood Retail Spaces

      Wynwood retail, 12 suites, prime location.
      56 29Th St, Miami, FL 33137
      View Details
    • Contact for pricing
      722,000 SF

      Wynwood Retail Space Available

      Retail and restaurant spaces for lease in vibrant Wynwood area.
      237 NW 24Th St, Miami, FL 33137
      View Details
    • $80 SF/Yr
      964 SF

      Wynwood Retail Space For Rent

      Retail space in Wynwood with high visibility and parking.
      240 NW 25Th St, Miami, FL 33137
      View Details
    • Contact for pricing

      Restaurant Space with Rooftop Oasis

      Restaurant space with outdoor areas and rooftop oasis.
      20 Northeast 41St St, Miami, FL 33137
      View Details
    • $55 SF/Yr
      7,500 SF

      Buena Vista Commercial Building

      7,500 SF Freestanding Office/Retail
      4900 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.
    332 35th St
    Miami, FL 33137-3902
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.