Duplex With Flexible-Use
For Sale
$624,999
1079 Nw 112th Ter, Miami, FL 33168
Leased residential property with separate unit layouts and documented rental history near transportation, shopping, and schools.
Property Size1,456 SF
Price / SF$429.26
Days on Market69
Property Features for 1079 Nw 112th Ter
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$57,600
Taxes and HOA fees
Annual Taxes
$6,010
Listing Agency:
Stratwell, LLC
(786) 402-5157
Listed By:
Jorge R Forte
(786) 402-5157
Source:
Exprealty
Added: Jun 17
Changed: Aug 20
Last Checked: Aug 23 at 4:24AM
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 Stratwell, LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,456 square feet and is arranged as two residential units: one with 3 bedrooms and 2 baths, and another with 2 bedrooms and 1 bath. The property also includes additional flexible-use space, expanding its existing configuration beyond the primary units.
Existing leases support near-term occupancy, while documented rental history provides operating information for evaluation. The property is located at 1079 NW 112th Ter in Miami, near major highways, shopping, schools, and public transportation.
Existing leases support near-term occupancy, while documented rental history provides operating information for evaluation. The property is located at 1079 NW 112th Ter in Miami, near major highways, shopping, schools, and public transportation.
Key Highlights
- Duplex totaling 1,456 square feet
- Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/1 bath
- Additional flexible‑use space included
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
$29,201
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
4.67%
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%
$584,020
$584.0K
Cap Rate 7%
$417,157
$417.2K
Cap Rate 9%
$324,456
$324.5K
Market Conditions
NOI Build-Up for 1,456 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
$44.6K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.7K $28.65/SF
− OpEx
−$12.5K −$8.60/SF
NOI
$29.2K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /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%
$584,020
Cap Rate 7%
$417,157
Cap Rate 9%
$324,456
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.0K – $486.7K
NOI $29,201 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$982.8K
$860.0K – $1.15M
NOI $68,797 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Leased residential property with separate unit layouts and documented rental history near transportation, shopping, and schools.
Where is this duplex located?
The property is located at 1079 Nw 112th Ter Miami, FL.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: Duplex totaling 1,456 square feet; Unit mix includes 3 bedrooms/2 baths and 2 bedrooms/1 bath; Additional flexible‑use space included
