Spacious Duplex Income
For Sale
$750,000
1286 NE 110th Street, Miami, FL 33161
Two spacious units make up this duplex in North Miami, offered for sale and easy to show.
Property Size1,868 SF
Price / SF$401.50
Days on Market50
Property Features for 1286 NE 110th Street
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Duplex
Building Details
Year Built
1988
Listing Agency:
RE/MAX Advance Realty II
(305) 251-2127
Listed By:
Issabella Silverstein · License #0626609
(305) 775-1148
Source:
Lehmannflorida
Added: Jul 23
Changed: Sep 9
Last Checked: Sep 10 at 6:39AM
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 RE/MAX Advance Realty II
Investment Insights
Based on property information with market context.
This one-of-a-kind duplex offers two spacious residential units within a single property, presented for sale as an easy-to-show opportunity.
Located in North Miami at 1286 NE 110th Street in Miami, Florida, the property is described as being in the heart of the area.
The offering is for a duplex configuration with both units included in the same ownership.
Located in North Miami at 1286 NE 110th Street in Miami, Florida, the property is described as being in the heart of the area.
The offering is for a duplex configuration with both units included in the same ownership.
Key Highlights
- Duplex with two spacious units in North Miami
- Year built: 1988
- Easy to show
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
$37,464
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
5.00%
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%
$749,280
$749.3K
Cap Rate 7%
$535,200
$535.2K
Cap Rate 9%
$416,267
$416.3K
Market Conditions
NOI Build-Up for 1,868 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
$57.2K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$53.5K $28.65/SF
− OpEx
−$16.1K −$8.60/SF
NOI
$37.5K $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%
$749,280
Cap Rate 7%
$535,200
Cap Rate 9%
$416,267
Alternative Uses
Best Use
Multifamily LT 5
$535.2K
$468.3K – $624.4K
NOI $37,464 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,264 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units make up this duplex in North Miami, offered for sale and easy to show.
Where is this duplex located?
The property is located at 1286 NE 110th Street Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex with two spacious units in North Miami; Year built: 1988; Easy to show
