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

    4901 NW 17Th Ave Miami, FL 33142

    • Commercial land
    • 0.12 lot acres
    For Sale
    View listing
    $1,075,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4597515
    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

    • Commercial land

    Property Details for 4901 NW 17Th Ave

    Lot size
    0.12 lot acres
    Zone code
    6101
    Property type
    Commercial land
    APN
    01-3123-015-0310
    APU
    131230150310

    Description

    This exceptional opportunity presents two contiguous parcels totaling 15,150 square feet at 4901/4923 NW 17th Ave in Miami's Allapattah neighborhood. Boasting 144 feet of frontage on NW 17th Avenue, this mixed-use property is zoned T5-O, allowing for the construction of a building up to five stories with the potential for 23 units "by right." However, the site's zoning, coupled with the Local Live Act (SB102), offers significant potential for increased density. The property's strategic location within Miami's Urban Center and its designation as an Opportunity Zone further enhance its investment appeal. A preliminary 2020 residential building design study is available, though it's crucial to understand this study does not represent any submitted or approved plans with the City of Miami. A recent comparable sale of similarly zoned land with equivalent square footage sold for $1,250,000, supporting the asking price. Attractive seller financing is available with a 60% down payment. This is a prime opportunity for developers seeking a high-potential project in a rapidly growing area. The property is located in Miami-Dade County, Florida, with a zip code of 33142.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2241
    Latitude
    25.82
    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
    $2,640
    $157,500
    $0.00
    $157,500
    -
    $157,500
    $0.00
    $157,500

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      4052 22nd Ct

      VACANT COMMERCIAL LAND • 0.14 Acres
      4052 22nd Ct, Miami, FL 33142-4664
      View Details
    • Value Estimation by Request
      0.04 Acres

      Miami, FL 33142

      VACANT COMMERCIAL LAND • 0.04 Acres
      Miami, FL 33142
      View Details
    • Value Estimation by Request
      0.16 Acres

      Miami, FL 33142

      VACANT COMMERCIAL LAND • 0.16 Acres
      Miami, FL 33142
      View Details
    • Value Estimation by Request
      0.16 Acres

      Miami, FL 33142

      VACANT COMMERCIAL LAND • 0.16 Acres
      Miami, FL 33142
      View Details
    • Value Estimation by Request
      0.05 Acres

      Miami, FL 33142

      VACANT COMMERCIAL LAND • 0.05 Acres
      Miami, FL 33142
      View Details
    • Value Estimation by Request
      0.10 Acres

      Miami, FL 33142

      VACANT COMMERCIAL LAND • 0.10 Acres
      Miami, FL 33142
      View Details

    Similar Nearby for Sale

    • $11,000,000

      Allapattah CRA Development Opportunity

      0.91 acres in Allapattah CRA, ideal for developers.
      2189 NW 20Th St, Miami, FL 33142
      View Details
    • $260,000

      Vacant Land Parcels For Sale

      Four vacant land parcels available for purchase.
      2994 NW 46Th St, Miami, FL 33142
      View Details
    • $1,250,000
      0.16 Acres

      Shovel-Ready Development Opportunity in Allapattah

      Permitted 20-unit development site in Miami's rapidly growing Allapattah.
      1872 NW 24Th St, Miami, FL 33142
      View Details
    • $33,000,000

      Development Lot Near Airport

      Development lot with flexible zoning near Miami International Airport.
      3550 South River Dr, Miami, FL 33142
      View Details
    • $1,075,000

      Miami Commercial Land For Sale

      High-visibility commercial land in Miami's Qualified Opportunity Zone.
      4901 NW 17Th Ave, Miami, FL 33142
      View Details
    • $18,000,000

      Allapattah Land Assemblage Opportunity

      Prime Allapattah land assemblage for redevelopment with significant density potential.
      1880 NW 23Rd St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      Commercial Land For Lease

      Commercial land for lease, ideal for car dealer in Miami.
      3325 NW 36Th St, Miami, FL 33142
      View Details
    • $7,500 /Mo

      Paved and Fenced Yard For Lease

      8,100 SF paved, fenced yard with IU-1 zoning.
      3635 NW 46Th St, Miami, FL 33142
      View Details
    • $13 SF/Yr

      Hialeah Warehouse with Industrial Land

      Warehouse with industrial land, offices, kitchen, and convenient access.
      5790 NW 35Th Ave, Hialeah, FL 33142
      View Details
    • $0.37 SF/Yr
      27,275 SF

      Miami Industrial Lot - 0.62 Acres

      Fenced industrial lot, multi-use potential.
      4310 35Th Ave, Miami, FL 33142
      View Details
    • Contact for pricing
      68,389 SF

      Airport East Miami Corner Lot

      1.57-Acre Commercial Land, Prime Location
      3170 36Th St, Miami, FL 33142
      View Details
    • Contact for pricing
      5,940 SF

      Prime Allappattah Warehouse Space

      5,940 SF Warehouse, Ideal Location
      1833 20Th St, Miami, FL 33142
      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.
    4901 NW 17Th Ave
    Miami, FL 33142
    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.