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    790 22nd St Miami, FL 33127-4235

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    790 22nd St Miami, FL 33127-4235


    • Industrial properties
    • 1,525 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 7, 2022
    $1,000,000
    Property ID
    US19-0876888
    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.

    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    2.1%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Ignite Party Yacht Rentals in Miami / Boat Rental Service
    • KDR / Art Gallery
    • aRtnB II / Theater & Performing Art Venue

    Property Details for 790 22nd St

    Year built
    1937
    Construction
    CONCRETE
    Lot size
    0.17 lot acres
    Property size
    1,525 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Industrial properties
    APN
    01-3126-012-0280
    APU
    131260120280

    Description

    This exceptional 30,100 square foot industrial land assemblage in Miami's rapidly developing East Allapattah neighborhood presents a compelling investment opportunity. Located at 790 NW 22nd St, Miami, FL 33127, this property boasts a permitted zoning of 7700 INDUSTRIAL - RESTRICTED, allowing for the construction of an eight-story building. The zoning permits a versatile mix of uses, including storage, industrial, retail, and automotive, providing immediate income potential and long-term land-banking prospects. The site's strategic location offers unparalleled access to major areas such as Wynwood, Brickell, Downtown Miami, the airport, the seaport, and Coral Gables, all within a 10-minute radius. This area is experiencing significant revitalization, attracting new developers and businesses, and is often referred to as "the next Wynwood." The presence of several recently opened museums, including notable collections like the Rubell Collection and Superblue, further underscores the area's burgeoning cultural and artistic scene. The asking price is $4,600,000, with a land value of $150-$153 per square foot. This property represents a rare chance to capitalize on the transformative growth of this vibrant Miami neighborhood. Built in 1937, this site offers a unique blend of historical context and future potential.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $965,000
      ML approach
      $975,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,036,000
      Market price range: $412k - $1.72M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $860,000
      Current use
      COMMERCIAL (GENERAL)
      $1,600,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,235,000
      Change: +43% Conversion: Easy
      OFFICE BUILDING
      $1,040,000
      Change: +21% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2089
    Latitude
    25.7978
    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
    $10,228
    $592,800
    $28,594
    $621,394
    -
    $592,800
    $28,594
    $621,394
    More about this property
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