Renovated Duplex in North
For Sale
$639,000
1255 NE 110th Ter, Miami, FL 33161
Newly renovated duplex producing income, close to Miami Design District.
Property Size1,706 SF
Price / SF$374.56
Days on Market359
Property Features for 1255 NE 110th Ter
General Information
Standard status
Active
Size
1,706 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,479
Building Details
Building Size
1,706 SF
Year Built
1967
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Chaim Glik · License #3265723
Source:
Casacollectiongroup
Added: Aug 31, 2025
Changed: Aug 23
Last Checked: Aug 22 at 12:06PM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This is a newly renovated duplex property for sale located in North Miami. The property is currently rented and producing an income of $5,100 per month, which totals $61,200 annually. Interior features include laminate flooring, a new modern kitchen, stainless steel appliances, renovated bathrooms, ceiling fans, and new windows. The property is located close to the Miami Design District, major plazas, and shopping centers. This property is intended for residential income purposes.
Key Highlights
- Income‑producing duplex generating $5,100/month ($61,200/year)
- Newly renovated with modern kitchen and renovated bathroom
- Features stainless steel appliances and laminate flooring
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
$34,215
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
5.35%
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%
$684,300
$684.3K
Cap Rate 7%
$488,786
$488.8K
Cap Rate 9%
$380,167
$380.2K
Market Conditions
NOI Build-Up for 1,706 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
$52.2K $30.60/SF
− Vacancy
−$3.3K −$1.95/SF
EGI
$48.9K $28.65/SF
− OpEx
−$14.7K −$8.60/SF
NOI
$34.2K $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%
$684,300
Cap Rate 7%
$488,786
Cap Rate 9%
$380,167
Alternative Uses
Best Use
Multifamily LT 5
$488.8K
$427.7K – $570.3K
NOI $34,215 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$450.2K
$394.0K – $525.3K
NOI $31,516 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,609 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,567
Businesses Nearby
Explore this area
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
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 - Newly renovated duplex producing income, close to Miami Design District.
Where is this duplex located?
The property is located at 1255 NE 110th Ter Miami, FL.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Income‑producing duplex generating $5,100/month ($61,200/year); Newly renovated with **modern kitchen and renovated bathroom**; Features **stainless steel appliances and laminate flooring**
