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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail residential properties
664 24th St Miami, FL 33127-4251
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1666564
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1953
Construction
CONCRETE
Total area
2,530 SF
Lot
0.58 ac (25,320 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
01-3125-046-0300
UPID
US18-1666564
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$999k
Blend (final)
Blend
$790k
Owner & transaction history
Northwest Seventh Ave Realty L · 7 yrs held
Northwest Seventh Ave Realty L
since 2018
7 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$312 / SF
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
$31,839
Tax year 2023
Assessed value
$2,134,765
Assessed 2023
Previous assessed
$1,755,471
+21.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,025,600
Assessed improvement
$109,165
Land market value
$2,025,600
Improvement market value
$109,165
Total market value
$2,134,765
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
2,530 SF
Lot
0.58 ac (25,320 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
01-3125-046-0300
UPID
US18-1666564
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Miami, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · 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
Year built
1953
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Northwest Seventh Ave Realty L
Entity
Mailing address
318 NW 23RD ST, MIAMI, FL 33127-4318
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
—
Mj Property Investments LLC
—
Loan Modification
related
$1,300,000 · Rl Miami Industrial LLC
Aug 29, 2018
—
Northwest Seventh Ave Realty L
Seventh Avenue Holdings INC
Quit Claim Deed
related
—
Aug 29, 2018
$2,982,500
Northwest Seventh Ave Realty L
Seventh Avenue Holdings INC
Grant Deed
$300,000 · R & R Real Investments INC
Mar 2, 2018
—
Mj Property Investments LLC
—
Grant Deed
related
$1,990,753 · Rl Miami Industrial LLC
Nov 1, 2010
—
Josa Holdings INC
—
Trustees Deed
related
$550,000 · Morris Park LLC
Dec 11, 2002
$100,000
Seventh Avenue Holdings INC
Maximino,s Tr
Grant Deed
related
$40,000 · Maximino Salazar
—
—
Seventh Avenue Holdings INC
—
Deed Of Trust
related
$75,000 · Jidy Lelia Trust (pt)
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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