51 NE 40th St, Miami, FL 33137 Property Records

Miami-Dade County property record for 51 NE 40th St, Miami, FL 33137 · Last verified February 2026

Property Summary

Property TypeWholesale Outlet, Discount Store (Franchise)
Details4,050 sqft · built 1961
Lot Size0.114 acres (5,000 sqft)
OwnerCompany Name on File
Last Sale$131,600 (Oct 1993)
Tax Bill$76,732 (2025)
Deeds & MortgagesJan 2022 Mortgage
Sep 2020 Mortgage
Flood ZoneZone X (minimal risk)
APN01-3124-027-0170

Property Details

APN / Parcel Number

Primary APN01-3124-027-0170

Interior

Stories1 Story
Building Area4,050 sqft Total Area
FlooringVinyl/Resilient

Exterior

Year BuiltBuilt 1961
Effective Year BuiltEffective 1965
Exterior MaterialConcrete Block/Stucco
Construction TypeConcrete
Lot Area5,000 sqft (0.114 acres)

Utilities, Heating & Cooling

Cooling SystemCentral

Location & Zoning

Street Address51 NE 40TH ST
CityMIAMI
StateFL
Zip33137-3509
Property CategoryCommercial
Property TypeCommercial > Retail > Wholesale Outlet, Discount Store (Franchise)
Legal Description24 53 41 COMM BILTMORE PB 6-132 LOTS 12 & 13 BLK 2 LOT SIZE SITE VALUE OR 16104-0187 1093 1
Legal Range41
Legal Township53
Legal Section24
Legal SubdivisionCOMMERCIAL BILTMORE
Legal Block2
Legal Lot Number12,13 13
JurisdictionDADE FL
Township / Civil DivisionMIAMI
Census Block Group3
Census Block3019
Census Tract2201

Owner

Source: Miami-Dade County records · APN 01-3124-027-0170

Assessment roll updated July 1, 2025 · Last verified February 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on File
Mailing Address13900 SW 73RD AVE, PALMETTO BAY, FL 33158-1208
Owner TypeCompany

Deeds, Mortgages & Sale History

DateDocument
Jan 05, 2022Deed of Trust, Mortgage · Commercial Mortgage
REGIONS BANK
Sep 25, 2020Deed of Trust, Mortgage
CAPSTRAT GRP LLC

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleOct 27, 1993 · Amount on Record
Deed SaleOct 27, 1993 · Amount on Record
Deed Document Number1610400187
Deed Book / Page16104 / 00187
Record UpdatedJun 08, 2026

January 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionDADE FL
Property Address51 NE 40TH ST, MIAMI, FL 33137-3509
Transaction TypeMortgage
Record UpdatedFeb 03, 2022

Transferred To (Grantee/Buyer)

NameVerified Name
Address13900 SW 73RD AVE, PALMETTO BAY, FL 33158-1208

Mortgage

Document Number0000010459
DateJan 05, 2022
Book Page32940/1905
Instrument2022R0010459
Lender
NameREGIONS BANK
TypeBank
AddressBIRMINGHAM, AL 35244
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term47 Months
DueDec 02, 2025

September 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionDADE FL
Property Address51 NE 40TH ST, MIAMI, FL 33137-3509
Document Number0000586610
Instrument DateSep 25, 2020
Transaction TypeMortgage
Record UpdatedOct 30, 2020
Title CompanyATTORNEY ONLY

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address3148 INDIANA ST MIAMI FL 331334413, MIAMI, FL 33133-4413

Mortgage

Document Number0000586610
DateOct 15, 2020
Book Page032144/004145
Instrument586610
Lender
NameCAPSTRAT GRP LLC
Address2889 MCFARLANE RD # 8, MIAMI, FL 33133-6008
Agreement
AmountAmount Recorded

Tax Assessment & Valuation

Source: Miami-Dade County records · Assessment roll updated July 1, 2025 · Last verified February 2026

Property Jurisdictions

TypeName
StateFlorida
CountyMiami-Dade County
MunicipalityMiami City
Unified School DistrictDade County School District (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

YearTax BillAssessed ValueAssessed Market Value
2025$76,732.00 (+23.5%)$5,400,000 (+20.67%) Land $4,375,000 Building $1,025,000$5,400,000 (+20.67%) Land $4,375,000 Building $1,025,000
2023$62,133.00 (+10.94%)$4,475,000 (+14.74%) Land $4,375,000 Building $100,000$4,475,000 (+14.74%) Land $4,375,000 Building $100,000
2022$56,005.00$3,900,000 Land $3,500,000 Building $400,000$3,900,000 Land $3,500,000 Building $400,000

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Miami-Dade County (12086C), updated January 25, 2026 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 120860022013, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood ZoneZone X
Special Flood Hazard AreaNo
Flood HazardMinimal
500-Year FloodplainNo
Flood Insurance CostPremium on Record
median of 32 individual NFIP policies nearby
Community Rating SystemClass 6 (20% premium discount)
Nearby Flood Policies32 in force
9 of 32 on primary residences
Nearby Flood Claims4 (1979–2001)
Claims Outside the SFHA3 of 4
Most Recent ClaimMar 2001, other causes

Wildfire

Wildfire RiskNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

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