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Property profile & analytics
OFF-MARKET
Commercial land
637 2nd St Miami, FL 33128-1960
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-7455812
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.17 ac (7,500 SF)
Zoning code
4601
APN
01-0200-040-1110
UPID
US18-7455812
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
Current use
Occupant on record · Public records
-
Olive Apartments Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nw 637 LLC · 9 yrs held
Nw 637 LLC
since 2017
7 recorded transactions
Zoning & alternative use
4601 · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,084
Tax year 2023
Assessed value
$900,000
Assessed 2023
Previous assessed
$675,000
+33.3% YoY
Effective rate
1.68%
On assessed value
Assessed land
$900,000
Land market value
$900,000
Total market value
$900,000
Applied tax rate
100.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.17 ac (7,500 SF)
Zoning code
4601
APN
01-0200-040-1110
UPID
US18-7455812
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
4601 · Miami, FL
Zoning 4601 · permitted uses
4601 · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Nw 637 LLC
Entity
Mailing address
6300 NW 2ND AVE, MIAMI, FL 33150-4575
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Nw 637 LLC
—
Deed
related
$3,215,000 · Terrabank, National Association
Jan 2, 2024
—
Nw 637 LLC
—
Deed
related
$3,250,000 · Hm Lfc One LLC
Oct 15, 2021
—
Nw 637 LLC
—
Deed
related
$2,520,000 · Fm Home Loans LLC
Jul 6, 2017
$450,000
Nw 637 LLC
637 Nw 2nd Street LLC
Warranty Deed
$225,000 · Jmn Family Lllp
Mar 20, 2014
$207,000
637 Nw 2nd Street LLC
Eight Peaks Cap LLC
Warranty Deed
—
Feb 18, 2014
$600
Eight Peaks Cap LLC
Marcano & Co Pa Fl C Coc
Trustees Deed
related
—
May 7, 2008
—
Marcano & Co Pa
Zurich,zachary
Quit Claim Deed
related
—
Apr 4, 2008
—
Zachary Zurich
River South I INC Fl Coc
Trustees Deed
related
—
Mar 25, 2008
$254,000
Marcano & Co Pa
River South I INC
Warranty Deed
$130,000 · Eight Peaks Capital LLC
Jan 2, 2007
$420,000
River South I INC
G & P Investments LLC
Warranty Deed
$210,000 · Zachary Zurich
Apr 1, 2005
$370,000
G & P Investments LLC
Y & T Management INC
Warranty Deed
—
Feb 20, 2003
$120,000
Y & T Management INC
Sixplex INC
Grant Deed
—
Mar 10, 1999
$35,000
Sixplex INC
Cooper,ellen
Grant Deed
$40,000 · Individual
—
—
Marcano & Co Pa
—
Deed Of Trust
related
—
—
—
Marcano & Co Pa
—
Deed Of Trust
related
$130,000 · Eight Peaks Capital LLC
—
—
Marcano & Co Pa
—
Deed Of Trust
related
$130,000 · Eight Peaks Capital LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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