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    615 NE 76Th St Miami, FL 33138

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    For Sale
    $2,400,000

    Mixed-use property on Biscayne Boulevard with retail and residential units.

    Lot size:
    0.22 Acres

    Property Features for 615 NE 76Th St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1934

    Source: Global Investments Realty Agent Joel Rodriguez

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

    Overview

    Biscayne Boulevard Mixed-Use Investment

    Located directly on Biscayne Boulevard, this mixed-use property offers high visibility, significant foot traffic, and ease of access. The property includes a one-story retail building and a two-story residential building. The retail space is leased to La Social, a neighborhood restaurant. The residential component features three fully-leased units: one 2-bedroom, 2-bathroom unit, and two 1-bedroom, 1-bathroom units. The total lot size is 9,600 square feet. Zoned T6-8-O, the property provides flexible development potential. The annual effective gross income is $169,320 as of January 31, 2025.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.125059
    Latitude
    25.861183

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property on Biscayne Boulevard with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 615 NE 76Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime location directly on Biscayne Boulevard with high exposure and foot traffic.; - Strong income-producing property with $169,320 annual effective gross income (as of 1/31/2025).; - Flexible T6-8-O zoning allowing for redevelopment opportunities.
    (305) 635-3005
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    615 NE 76Th St Miami, FL 33138
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    Miami, FL 33138
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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
    615 NE 76Th St Miami, FL 33138
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