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

    865 29Th Ter Miami, FL 33127

    • Churches & religious facilities
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2998175
    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

    • Churches & religious facilities

    Property Details for 865 29Th Ter

    Year built
    1951
    Property type
    Churches & religious facilities

    Description

    This exceptional investment opportunity presents a 16,000 square foot church building situated on two parcels of land in Miami, Florida. Located at 865 NW 29th Ter, Miami, FL 33127, this special purpose property boasts a prime location, offering unparalleled access to major highways, schools, shopping districts, and the vibrant Wynwood area. Built in 1951, the property is currently utilized as a church, presenting a versatile canvas for future development or continued use as a place of worship. The asking price for this significant property is $2,800,000. Given its strategic location and substantial size, this property represents a compelling investment opportunity for discerning buyers. The seller is highly motivated, making this an attractive proposition for those seeking a well-positioned asset in a thriving Miami neighborhood. Showings are strictly by appointment only

    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
    -80.2105405
    Latitude
    25.8044824

    Comparable in this City

    • $2,200,000
      0.27 Acres

      Miami Commercial Building Investment Opportunity

      Commercial building in Miami's growing submarket, ideal for redevelopment.
      2223 NW 7Th Ave, Miami, FL 33127
      View Details
    • $2,500,000

      Miami Wynwood Development Opportunity

      Prime Wynwood location, high-density zoning.
      154 30Th St, Miami, FL 33127
      View Details
    • $895,000

      Miami Commercial Lot Investment

      Prime Miami location, 14,945 sq ft, commercial zoning.
      1171 54Th St, Miami, FL 33127
      View Details
    • $3,795,000
      9,918 SF

      Buena Vista Development Opportunity

      Flexible zoning in a vibrant neighborhood for mixed-use development.
      5110 Nw 2Nd Ave, Miami, FL 33127
      View Details
    • $450,000

      Allapattah Vacant Lot - Miami, FL

      Prime Allapattah development opportunity.
      1101 25Th St, Miami, FL 33127
      View Details
    • $5,990,000

      Wynwood Development Opportunity

      Prime Wynwood lot, high income potential.
      60 20Th St, Miami, FL 33127
      View Details

    Similar Nearby for Sale

    • $2,200,000
      0.27 Acres

      Miami Commercial Building Investment Opportunity

      Commercial building in Miami's growing submarket, ideal for redevelopment.
      2223 NW 7Th Ave, Miami, FL 33127
      View Details
    • $5,990,000

      Wynwood Development Opportunity

      Prime Wynwood lot, high income potential.
      60 20Th St, Miami, FL 33127
      View Details
    • $450,000

      Allapattah Vacant Lot - Miami, FL

      Prime Allapattah development opportunity.
      1101 25Th St, Miami, FL 33127
      View Details
    • $2,500,000

      Miami Wynwood Development Opportunity

      Prime Wynwood location, high-density zoning.
      154 30Th St, Miami, FL 33127
      View Details
    • $895,000

      Miami Commercial Lot Investment

      Prime Miami location, 14,945 sq ft, commercial zoning.
      1171 54Th St, Miami, FL 33127
      View Details
    • $3,795,000
      9,918 SF

      Buena Vista Development Opportunity

      Flexible zoning in a vibrant neighborhood for mixed-use development.
      5110 Nw 2Nd Ave, Miami, FL 33127
      View Details

    Similar Nearby for Lease

    • $0.02 SF/Yr
      30,000 SF

      Wynwood Norte Mixed-Use Opportunity

      30,000 SF Open Concept Space
      3422 5Th Ave, Miami, FL 33127
      View Details
    • Contact for pricing

      Prime Miami Commercial Lot

      10,000 sq ft paved lot, ready for business
      700 48Th St, Miami, FL 33127
      View Details
    • $360 /Mo
      6,430 SF

      Miami Retail Space for Lease

      Allapattah Hair Salon Opportunity
      4500 2Nd Ave, Miami, FL 33127
      View Details
    • $112 SF/Yr
      1,500 SF

      Prime Miami Special Purpose Space

      1,500 sq ft, single-tenant, Wynwood proximity.
      346 36Th St, Miami, FL 33127
      View Details
    • Contact for pricing
      5,000 SF

      Miami Rooftop Event Space

      5,000 sq ft Retail Venue - Ideal for Events
      285 36Th St, Miami, FL 33127
      View Details
    • $0.03 SF/Yr
      14,520 SF

      Allapattah Office Building: Prime Location

      Renovated Office Building, 14,520 sq ft
      804 21St Ter, Miami, FL 33127
      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.
    865 29Th Ter
    Miami, FL 33127
    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.