Entity Owned Property summary
AI-generated overview
This exceptional five-story, 19,491 square foot commercial property, built in 1910 and renovated in 2022, is located at 39 NE 1st Ave, Miami, FL 33132. The building sits on a 0.17-acre lot (75,000 sq ft) and offers a variety of workspace options, including traditional office suites, executive offices, and coworking spaces. Currently, there are 21 spaces available, ranging from 50 to 152 square feet. The building features a single traction elevator and one parking space. Its T6 zoning allows for diverse commercial uses. The property's prime downtown Miami location places it steps from the Miami Worldcenter Plaza, home to a future Apple Store, and is surrounded by prestigious new developments. This presents a unique opportunity to establish a business in a vibrant and rapidly growing area. The building's blend of historic charm and modern updates creates a unique and attractive workspace. The multiple tenancy structure offers flexibility for various business needs.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1910
Construction
CONCRETE
Total area
8,100 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0111-070-1040
UPID
US18-4242217
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
-
Hair Salon
-
Advertising Agency Marketing & Advertising
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.82M
Blend (final)
Blend
$7.44M
Owner & transaction history
since 2007
5 recorded transactions
Zoning & alternative use
6401:COMMERCIAL · 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 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.44M
Value range
$6.69M – $8.18M
±10% around blend
Estimated value / SF
$918 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$6.69M
blend $7.44M
$8.18M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,100 SF
Lot area
0.17 ac
Year built
1910
Stories
2
APN
01-0111-070-1040
Zoning
6401:COMMERCIAL
Assessed value
$5,524,312
Annual tax
$71,131
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
$4.07M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.2 mi away · 8,250 SF
3.7 mi away · 6,434 SF
11.9 mi away · 6,348 SF
12.0 mi away · 9,519 SF
14.4 mi away · 8,852 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.44M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 26 sales
$1,491
-38%
Submarket 997 sales
$572
+60%
County 1136 sales
$507
+81%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $918/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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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$5.52M
Move the market yield to see immediate price impact.
Value / SF
$682
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%
$348k
$6.96M
$4.97M
$3.87M
$387k
$7.73M
$5.52M
$4.30M
$425k
$8.51M
$6.08M
$4.73M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$5.90M
1.7 mi · Dec 2025 · $744/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,131
Tax year 2023
Assessed value
$5,524,312
Assessed 2023
Previous assessed
$5,149,312
+7.3% YoY
Effective rate
1.29%
On assessed value
Assessed land
$5,250,000
Assessed improvement
$274,312
Land market value
$5,250,000
Improvement market value
$274,312
Total market value
$5,524,312
Applied tax rate
101.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1910
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
8,100 SF
Lot
0.17 ac (7,500 SF)
Zoning code
6401:COMMERCIAL
APN
01-0111-070-1040
UPID
US18-4242217
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6401:COMMERCIAL · Miami, FLZoning 6401:COMMERCIAL · permitted uses
6401:COMMERCIAL · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6401:COMMERCIAL
Jurisdiction
Miami, FL
Recorded code
6401:COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6401:COMMERCIAL 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.
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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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