3620 2nd Ave Miami, FL 33137-3616
Entity Owned
8-yr Hold
~
Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID
US18-9163209
Property summary
AI-generated overview
This exceptional free-standing building, located at 3620 NE 2nd Ave in Miami's Design District (zip code 33137), offers 5,385 square feet of retail space on a 6,195 square foot lot. The two-story structure is currently configured with four retail and creative office spaces, ideal for a flagship operation or mixed-use development. The property boasts a prominent location at the gateway to the Design District, ensuring high visibility and excellent access. Ample parking is available on-site, supplemented by over 100 nearby spaces. Zoned T6-12-O, this allows for significant development potential, including mixed-use projects up to twelve stories high. The building's prime location within Miami's vibrant art, design, and commerce hub presents a unique opportunity to establish a landmark presence. The asking price for this owner-user investment opportunity is $9,800,000. This multi-tenancy property is perfect for a variety of uses, including food and beverage establishments.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1921
Construction
CONCRETE
Total area
5,385 SF
Lot
0.14 ac (6,195 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-022-0030
UPID
US18-9163209
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Grocery & Convenience Store Food Market
-
Restaurant
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
since 2018
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
5,385 SF
Lot area
0.14 ac
Year built
1921
Stories
2
APN
01-3124-022-0030
Assessed value
$5,300,000
Annual tax
$102,511
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.15M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.3 mi away · 5,743 SF
21.6 mi away · 5,225 SF
22.8 mi away · 5,752 SF
24.7 mi away · 4,505 SF
25.0 mi away · 4,337 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 60 sales
$3,051
-87%
Submarket 664 sales
$739
-46%
County 734 sales
$674
-41%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $399/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.50M
Move the market yield to see immediate price impact.
Value / SF
$1,578
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$536k
$10.71M
$7.65M
$5.95M
$595k
$11.90M
$8.50M
$6.61M
$655k
$13.09M
$9.35M
$7.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$2.00M
5.1 mi · Dec 2025 · $420/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$102,511
Tax year 2023
Assessed value
$5,300,000
Assessed 2023
Previous assessed
$5,000,000
+6.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$2,168,250
Assessed improvement
$3,131,750
Land market value
$2,168,250
Improvement market value
$3,131,750
Total market value
$5,300,000
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1921
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
5,385 SF
Lot
0.14 ac (6,195 SF)
Zoning code
6110:COMM/RES-DESIGN DIST
APN
01-3124-022-0030
UPID
US18-9163209
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FLZoning 6110:COMM/RES-DESIGN DIST · permitted uses
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1921
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6110:COMM/RES-DESIGN DIST
Jurisdiction
Miami, FL
Recorded code
6110:COMM/RES-DESIGN DIST
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6110:COMM/RES-DESIGN DIST in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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