5901 2nd Ave Miami, FL 33137-2009
Entity Owned
3-yr Hold
~
Est. High Equity
Estimated value (blended)
$2.63M
Range $2.37M – $2.89M (±10%)
Property ID
US19-0501073
Property summary
AI-generated overview
This exceptional Miami retail property, located at 5901 NW 2nd Ave, offers 4,700 square feet of versatile space in a high-traffic area. The single-story building, constructed in 1954 and renovated in 2024, sits on a 0.19-acre lot and is zoned T5-L. The property features six suites, with a minimum divisible space of 760 square feet and a maximum contiguous space of 1,660 square feet. Currently, 3,940 square feet are vacant, presenting a significant opportunity for a variety of businesses. Its prime location on NW 2nd Ave ensures excellent visibility and accessibility, with convenient access to major roadways and public transportation. The open floor plan allows for adaptable use, accommodating diverse retail needs. Ample signage opportunities and high ceilings further enhance the property's appeal. This is an ideal location for retail, showroom, or any business seeking high visibility in a thriving commercial zone in Miami, FL (zip code 33127). The property's APN is 01-3113-063-0460. The building does not have elevators. This property offers a unique chance to establish or expand a business in a dynamic and highly visible location.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1920
Construction
CONCRETE
Total area
7,371 SF
Lot
0.14 ac (5,883 SF)
Zoning code
6101
APN
01-3218-017-0020
UPID
US19-0501073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
since 2023
7 recorded transactions
Zoning & alternative use
6101 · 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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.63M
Value range
$2.37M – $2.89M
±10% around blend
Estimated value / SF
$357 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$2.37M
blend $2.63M
$2.89M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,371 SF
Lot area
0.14 ac
Year built
1920
Stories
1
APN
01-3218-017-0020
Assessed value
$1,031,414
Annual tax
$15,449
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.68M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.90M
@ 6.5% CAP return
$2.68M
@ 7% CAP return
$2.49M
4
Sales comparison
Partial preview
Sales approach indication
$2.05M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.0 mi away · 5,743 SF
11.7 mi away · 8,765 SF
20.4 mi away · 5,225 SF
21.5 mi away · 5,752 SF
22.8 mi away · 8,379 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 60 sales
$3,051
-88%
Submarket 664 sales
$739
-52%
County 734 sales
$674
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $357/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
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.
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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$1.03M
Move the market yield to see immediate price impact.
Value / SF
$140
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%
$65k
$1.30M
$928k
$722k
$72k
$1.44M
$1.03M
$802k
$79k
$1.59M
$1.13M
$882k
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
$2.40M
5.4 mi · Apr 2026 · $293/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,449
Tax year 2023
Assessed value
$1,031,414
Assessed 2023
Previous assessed
$590,189
+74.8% YoY
Effective rate
1.50%
On assessed value
Assessed land
$735,375
Assessed improvement
$296,039
Land market value
$735,375
Improvement market value
$296,039
Total market value
$1,031,414
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
1920
Construction
CONCRETE
Heating
NONE
Stories
1
Units
4
Bathrooms
4
Total area
7,371 SF
Lot
0.14 ac (5,883 SF)
Zoning code
6101
APN
01-3218-017-0020
UPID
US19-0501073
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6101 · Miami, FLZoning 6101 · permitted uses
6101 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
NONE
Stories
1
Units
4
Bathrooms
4
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
6101
Jurisdiction
Miami, FL
Recorded code
6101
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6101 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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