For Sale
$1,150,000
120 NW 32, Miami, FL 33127
Residential land & home lots
Property Size1,654 SF
Price / SF$695.28
Days on Market239
Property Features for 120 NW 32
General Information
Standard status
Active
Size
1,654 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$24,521
Building Details
Building Size
1,654 SF
Year Built
1957
Listing Agency:
Julies Realty, LLC
Listed By:
Milady Naranjo · License #3392187
(786) 449-0023
Source:
Casacollectiongroup
Added: Feb 10
Changed: Oct 6
Last Checked: Oct 5 at 10:03PM
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 Julies Realty, LLC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,172
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,440
$663.4K
Cap Rate 7%
$473,886
$473.9K
Cap Rate 9%
$368,578
$368.6K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$50.6K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.4K $28.65/SF
− OpEx
−$14.2K −$8.60/SF
NOI
$33.2K $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 Rate 5%
$663,440
Cap Rate 7%
$473,886
Cap Rate 9%
$368,578
Alternative Uses
Best Use
Multifamily LT 5
$473.9K
$414.7K – $552.9K
NOI $33,172 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$436.5K
$381.9K – $509.3K
NOI $30,555 @ 7.0% cap · market cap 2.66%
Theoretical Best
Specialty Retail
$1.12M
$976.9K – $1.30M
NOI $78,152 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 120 NW 32 Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
