488 NE 18 ST CU-02, Miami, FL 33132

488 NE 18 ST CU-02, Miami, FL 33132 is a store : condominium - commercial built in 2018 with 2,513 square feet of living space. The property is currently owned by GARMEL LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2022-09-28 for $3,000,000, when SAMA5 LLC sold to GARMEL LLC. There are 3 recorded sales for this property. The 2025 assessed value is $1,140,273 with a market value of $1,507,800.

The assessed value increased 10% from $1,036,612 in 2024. This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone.

The median household income in this area is $123,892, and the median home value is $566,300. The population density is 62,717 people per square mile. 488 NE 18 ST CU-02, Miami, FL 33132 is located in Miami, Florida.

Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 2018 to 2022, with 3 recorded transactions in the public record. The current assessed value represents 38% of the most recent sale price.

This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $1194 per square foot — a key metric for comparing value across Miami's real estate market..