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    681 Northwest 108Th Street Cir Miami, FL 33168

    For Sale
    $4,850,000

    Two-story office building with redevelopment potential in Miami Shores.

    Property size:
    9,265 SF

    Property Features for 681 Northwest 108Th Street Cir

    General Information

    Size
    9,265 SF

    Source: RE/MAX Agent Agustin Duarte

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Shores Salon Suites Opportunity

    This two-story office building in Miami Shores presents a business opportunity with real estate included. The property is located adjacent to I-95, which sees approximately 240,000 cars daily. Currently configured as "Miami Shores Salon Suites", the building is divided into thirty-three individual salons, with sizes ranging from 90 to just under 200 square feet. The second floor is fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized, the property is projected to generate $500,000 in gross annual income. The property, with a size of 9265 square feet, also offers redevelopment potential, with the possibility to expand up to four stories.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4077
    Latitude
    25.667185

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    FAQs

    What type of property is this?
    Retail space - Two-story office building with redevelopment potential in Miami Shores.
    Where is this retail space located?
    The property is located at 681 Northwest 108Th Street Cir Miami, FL.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: - High cash flow opportunity with real estate included.; - Projected $500,000 annual gross income once fully stabilized.; - Prime location adjacent to I-95 with **high visibility (approx. 240,000 cars daily)**.
    (305) 450-5992
    Request Owner's contact information
    681 Northwest 108Th Street Cir Miami, FL 33168
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    Miami, FL 33168
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    681 Northwest 108Th Street Cir Miami, FL 33168
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