West Perrine Multifamily Investment
10270 SW 181st St, Miami, FL 33157
For Sale
Contact for pricing
16-unit multifamily property in Miami with strong income potential.
Property Size13,000 SF
Lot Size1.02 Acres
Price / SF$307.69
Days on Market344
Property Features for 10270 SW 181st St
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Skyrise Commercial Real Estate Advisors
Listed By:
Eduardo Gil · License FL #602745
Source:
Crexi
Added: Dec 5, 2025
Changed: Nov 11
Last Checked: Nov 12 at 8:03AM
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 Skyrise Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
Located in West Perrine, this multifamily property at 10260/10270 SW 181nd Street, and 10261/10271 SW 182nd St Miami, FL 33157, presents a lucrative investment opportunity. The property consists of 16 units with 100% occupancy, ensuring a stable income stream. Built in 2005 and recently renovated in 2024, the property features modern amenities and well-maintained structures. The total building size is 13,000 square feet, situated on a 1.02-acre lot. The property's current Net Operating Income (NOI) is $276,445, with a Pro Forma CAP rate of 7.41%. The Gross Rent Multiplier (GRM) is 9.50. This property is attractively positioned for long-term growth in the South Florida market.
Key Highlights
- 100% Occupancy provides a stable income stream.
- Strong financial potential with a $276,445 NOI and a 7.41% Pro Forma CAP rate.
- Recently renovated in 2024, offering modern features.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$239,639
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,792,780
$4.8M
Cap Rate 7%
$3,423,414
$3.4M
Cap Rate 9%
$2,662,656
$2.7M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$458.6K $35.28/SF
− Vacancy
−$22.9K −$1.76/SF
EGI
$435.7K $33.52/SF
− OpEx
−$196.1K −$15.08/SF
NOI
$239.6K $18.43/SF
Area
ZIP 33157
Vacancy
5.00%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,792,780
Cap Rate 7%
$3,423,414
Cap Rate 9%
$2,662,656
Alternative Uses
Best Use
Apartment 5plus
$3.42M
$3.00M – $3.99M
NOI $239,639 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.77M – $7.69M
NOI $461,681 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
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Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Miami, FL
Properties on Market for Apartment buildings in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property in Miami with strong income potential.
Where is this apartment building located?
The property is located at 10270 SW 181st St Miami, FL.
What is the asking price?
The asking price for this property is $3,999,990.
What are key features of this property?
This property features: 100% Occupancy provides a stable income stream.; Strong financial potential with a $276,445 NOI and a 7.41% Pro Forma CAP rate.; Recently renovated in 2024, offering modern features.
