Biscayne Park Duplex
For Sale
$950,000
1015 NE 112th St, Biscayne Park, FL 33161
Duplex in Biscayne Park with impact windows and outdoor space.
Property Size1,626 SF
Price / SF$584.26
Days on Market171
Property Features for 1015 NE 112th St
General Information
Standard status
Active
Size
1,626 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$16,391
Building Details
Building Size
1,626 SF
Year Built
1947
Listing Agency:
Morgan Whitney Inc
(305) 345-3738
Listed By:
Jackeline Londono · License #0661728
Source:
Casacollectiongroup
Added: Mar 13
Changed: Aug 23
Last Checked: Aug 29 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morgan Whitney Inc
Investment Insights
Based on property information with market context.
This duplex presents an investment opportunity in the Village of Biscayne Park, a low-density residential neighborhood. The property features two units, each equipped with impact windows. The layouts are designed to ensure privacy, with no shared bedroom walls between the units. Outdoor amenities include green space and an oversized covered patio with laundry facilities. The location provides convenient access to Biscayne Blvd, NE 125th St, and I-95. It is also situated near Miami Shores Elementary and Miami Country Day, as well as Miami Shores. The property size is 1939 square feet.
Key Highlights
- Duplex in the desirable historic Village of Biscayne Park.
- Impact windows throughout both units.
- Layouts designed for privacy with no shared bedroom walls.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,100
$542.1K
Cap Rate 7%
$387,214
$387.2K
Cap Rate 9%
$301,167
$301.2K
Market Conditions
NOI Build-Up for 1,626 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.0K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$38.7K $23.81/SF
− OpEx
−$11.6K −$7.14/SF
NOI
$27.1K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,100
Cap Rate 7%
$387,214
Cap Rate 9%
$301,167
Alternative Uses
Best Use
Multifamily LT 5
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,007 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$824.9K
$721.8K – $962.4K
NOI $57,746 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Biscayne Park with impact windows and outdoor space.
Where is this duplex located?
The property is located at 1015 NE 112th St Biscayne Park, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex in the desirable historic Village of Biscayne Park.; Impact windows throughout both units.; Layouts designed for privacy with no shared bedroom walls.
