1053 NE 128th St, North Miami, FL 33161
For Sale
$800,000
Residential land & home lots
Property Size1,762 SF
Price / SF$454.03
Days on Market120
Property Features for 1053 NE 128th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Lifestyle International Realty
Listed By:
Christopher Ochoa · License #3539787
(786) 768-9165
Source:
Diannalantiguarealty
Added: Jul 13
Changed: Nov 7
Last Checked: Nov 8 at 4:24PM
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 Lifestyle International Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,342
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,840
$546.8K
Cap Rate 7%
$390,600
$390.6K
Cap Rate 9%
$303,800
$303.8K
Market Conditions
NOI Build-Up for 1,762 SF
Gross rent
$53.3K $30.24/SF
− Vacancy
−$3.6K −$2.03/SF
EGI
$49.7K $28.21/SF
− OpEx
−$22.4K −$12.70/SF
NOI
$27.3K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,840
Cap Rate 7%
$390,600
Cap Rate 9%
$303,800
Alternative Uses
Best Use
Apartment 5plus
$390.6K
$341.8K – $455.7K
NOI $27,342 @ 7.0% cap · market cap 3.42%
Second Best
Multifamily LT 5
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$962.2K
$841.9K – $1.12M
NOI $67,353 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 1053 NE 128th St North Miami, FL.
What is the asking price?
The asking price for this property is $800,000.
