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Property profile & analytics
OFF-MARKET Estimated value $2,580,000
Automotive properties

3677 24th St Miami, FL 33142-6819

13,600 SF 1.6 ac lot Built 1968
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US18-4073886
Property summary
AI-generated overview

This exceptional 1.6-acre industrial property, situated in the prime Rental Car Center area near Miami International Airport, presents a unique investment opportunity. Currently configured as a paved, lit, and fenced parking lot, this site is ideally suited for short-term parking leases catering to the high demand generated by the airport and surrounding logistics businesses. The property's strategic location offers unparalleled accessibility and visibility, making it an attractive option for rental car companies, airport support services, or logistics firms requiring ample secure parking space. The site's flexibility allows for subdivision into parcels ranging from 0.5 to 1.6 acres, providing adaptable solutions to meet diverse parking needs. The existing infrastructure, including paving, lighting, and fencing, minimizes upfront capital expenditure and allows for immediate operational readiness. This turnkey solution offers a compelling opportunity to capitalize on the robust demand for parking near Miami International Airport. The property's single-tenant configuration simplifies management and provides a straightforward investment structure. Serious inquiries are encouraged to explore the potential of this exceptional parking facility. Contact us today to discuss lease terms and explore the possibilities.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1968
Construction CONCRETE
Total area 13,600 SF
Lot 1.6 ac (69,600 SF)
Zoning code 6119
APN 30-3128-022-0091
UPID US18-4073886
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
$2.58M
Owner & transaction history
Ag Miami Palmer Lake LLC · 8 yrs held
Ag Miami Palmer Lake LLC
since 2017
2 recorded transactions
2023
Price N/A
2017
$2.0M
Zoning & alternative use
6119 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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