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Property profile & analytics
FOR LEASE
Commercial land
340 W 42Nd St Miami Beach, FL 33140
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-5082755
For Lease
1 / 3
Contact for pricing
340 W 42Nd St, Miami Beach, FL 33140
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Property summary
AI-generated overview
42 Pine, located at 340 W 42nd Street in Miami Beach, Florida (zip code 33140), presents a unique opportunity for retail businesses seeking a presence in a highly desirable area of Miami-Dade County. This retail property encompasses a total of 6,571 square feet, divided into four individual suites. Each suite offers flexibility, with a minimum divisible space of 993 square feet and a maximum contiguous space of 2,090 square feet. Currently, the entire 6,571 square feet is available for lease. The building's central location within a walkable residential neighborhood makes it an ideal spot for businesses seeking high foot traffic and visibility. The property's address is 340 W 42nd Street, placing it within easy reach of local residents and tourists alike. This presents a rare chance to establish or expand a retail operation in a thriving Miami Beach community. The property's coordinates are latitude 25.81434 and longitude -80.126949. Serious inquiries are encouraged to explore this exceptional retail space.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1973
Construction
CONCRETE
Total area
127 SF
Lot
0.79 ac (34,496 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-001-0420
UPID
US18-5082755
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$160k
Owner & transaction history
Jp Roosevelt LLC · 9 yrs held
Jp Roosevelt LLC
since 2017
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
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 Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$160k
Range $144k – $176k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,260 / SF
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
$163,074
Tax year 2023
Assessed value
$8,629,775
Assessed 2023
Previous assessed
$8,629,775
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$8,624,000
Assessed improvement
$5,775
Land market value
$8,624,000
Improvement market value
$5,775
Total market value
$8,629,775
Applied tax rate
200.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1973
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
127 SF
Lot
0.79 ac (34,496 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3222-001-0420
UPID
US18-5082755
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Building & site characteristics
From public records
Year built
1973
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Jp Roosevelt LLC
Entity
Mailing address
1 PENN PLZ STE #2527, NEW YORK, NY 10119-2532
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Jp Roosevelt LLC
—
Deed
related
$42,500,000 · Cross River Bank
Jan 2, 2024
—
Jp Roosevelt LLC
—
Deed
related
$12,000,000 · Bcc Arthur Godfrey LLC
May 27, 2022
—
Jp Roosevelt LLC
—
Deed
related
$35,500,000 · Bcc West 42nd Street LLC
Aug 3, 2021
—
Jp Roosevelt LLC
—
Deed
related
$12,000,000 · Bcc Arthur Godfrey LLC
Jul 27, 2021
—
Jp Roosevelt LLC
—
Deed
related
$7,500,000 · Bcc West 42nd Street LLC
Oct 13, 2020
—
Jp Roosevelt LLC
—
Deed
related
$18,000,000 · Thorofare Asset Based Lndg Rei
Jul 5, 2017
—
Jp Roosevelt LLC
—
Loan Modification
related
$16,500,000 · Roc Debt Strategies II Mtg Cap
Feb 14, 2017
$3,100,000
Jp Roosevelt LLC
Caton Owner LLC
Special Warranty Deed
—
Aug 7, 2015
$21,000,000
Caton Owner LLC
Netz Bonds Miami Hsbc LLC
Special Warranty Deed
$13,000,000 · Centennial Bank
Mar 27, 2013
—
Netz Bonds Miami-hsbc LLC
Cabi 301 Commerical Lllp
Grant Deed
$10,650,000 · Bancorp Bank
Jan 25, 2011
—
Cabi 301 Residential Lllp Lllp
Trust 2401-2613-00
Grant Deed
—
Mar 22, 2006
$16,500,000
Trust 2401-2613-00
Ftp Investment Corp
Grant Deed
$15,000,000 · Mellon United National Bank
Mar 22, 2006
—
Trust 2401-2613-00
South Beach Intl Invs INC
Grant Deed
—
May 8, 2000
$5,971,900
Ftp Investment Corp
First Republic Corp Of America
Grant Deed
—
—
—
Jp Roosevelt LLC
—
Loan Modification
related
$18,000,000 · Thorofare Asset Based Lndg Rei
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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