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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    466 17th Ave Miami, FL 33135-3627

    • Turn key restaurants
    • 3,266 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4702181
    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

    • El Atlacatl Salvi Kitchen / Central American Restaurant / Salvadoran Restaurant

    Property Details for 466 17th Ave

    Year built
    1947
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    3,266 SF
    Zone code
    6101
    Property type
    Turn key restaurants
    APN
    01-4103-000-0020
    APU
    141030000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $279,000
      Market price range: $280k - $458k

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2229
    Latitude
    25.7688
    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
    $17,025
    $729,000
    $180,741
    $909,741
    -
    $729,000
    $180,741
    $909,741

    Comparable in this City

    • Value Estimation
      $365,000
      4,395 SF

      2381 Flagler St

      RESTAURANT • 4,395 SF
      2381 Flagler St, Miami, FL 33135-1524
      View Details
    • Value Estimation
      $415,000
      2,967 SF

      2800 8th St

      RESTAURANT • 2,967 SF
      2800 8th St, Miami, FL 33135-4639
      View Details
    • Value Estimation
      $345,000
      3,825 SF

      2290 8th St

      RESTAURANT • 3,825 SF
      2290 8th St, Miami, FL 33135-4914
      View Details
    • Value Estimation
      $345,000
      4,002 SF

      2601 Flagler St

      RESTAURANT • 4,002 SF
      2601 Flagler St, Miami, FL 33135-1424
      View Details
    • Value Estimation
      $325,000
      4,109 SF

      1548 8th St

      RESTAURANT • 4,109 SF
      1548 8th St, Miami, FL 33135-5219
      View Details
    • Value Estimation
      $4,700,000
      1,392 SF

      1945 8th St

      RESTAURANT • 1,392 SF
      1945 8th St, Miami, FL 33135-3315
      View Details

    Similar Nearby for Sale

    • $125,000

      Turnkey Restaurant Opportunity in Miami

      Fully stocked restaurant with licenses and seating for 50.
      2175 SW 1St St, Miami, FL 33135
      View Details
    • $600,000

      Turnkey Restaurant Opportunity in Miami

      Authentic Latin American restaurant for sale in Miami, Florida.
      0000 SW 00, Miami, FL 33135
      View Details
    • $400,000

      Little Havana Restaurant Opportunity

      Turnkey Dominican restaurant for sale in Little Havana.
      2742 SW 8Th St, Miami, FL 33135
      View Details
    • Contact for pricing

      Flagler Street Retail Opportunity

      2,846 SF building on 15,000 SF lot for sale.
      2924 W Flagler St, Miami, FL 33135
      View Details
    • $1,200,000

      Four-Unit Multifamily Property For Sale

      Four-unit property with residential and commercial spaces in upcoming area.
      1574 SW 1St St, Miami, FL 33135
      View Details
    • $120,000
      850 SF

      Little Havana Restaurant For Sale

      Established Venezuelan cafeteria/restaurant in Little Havana on W Flagler Street.
      1713-1717 W Flagler St, Miami, FL 33135
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      1,950 SF

      Turn Key Restaurant on Calle 8

      Restaurant space ready to operate on world famous Calle 8.
      3434-3450 SW 8Th St, Miami, FL 33135
      View Details
    • $38 SF/Yr
      2,450 SF

      Hialeah Commercial Lot For Rent

      Commercial lot in Hialeah with high traffic and flexible zoning.
      1860 W Flagler St, Miami, FL 33135
      View Details
    • Contact for pricing
      1,400 SF

      Calle Ocho Restaurant Ready Space

      Restaurant space available on Calle Ocho with high tourist traffic.
      1945 SW 8Th St, Miami, FL 33135
      View Details
    • $7,500 /Mo
      1,500 SF

      Calle Ocho Restaurant Ready Space

      1,500 SF restaurant space on Calle Ocho's main drag.
      1807 SW 8Th St, Miami, FL 33135
      View Details
    • New
      $8,000 /Mo

      Turnkey Kitchen in Calle Ocho

      Ready-to-operate commercial kitchen in Miami's vibrant Calle Ocho.
      2298 SW 8Th St, Miami, FL 33135
      View Details
    • $40 SF/Yr
      3,100 SF

      Little Havana Restaurant Space

      Prime Calle Ocho location, 3100 sq ft.
      1231 8Th St, Miami, FL 33135
      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.
    466 17th Ave
    Miami, FL 33135-3627
    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.