Property profile

645 NE 125Th St A-G North Miami, FL 33161

FOR SALE
Outlet malls
Property ID
US18-2964678
5,726 SF 0.12 ac lot Built 1924
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 4,329 square foot single-tenant office building is located at 645 NE 125th St, North Miami, FL 33161. The property features a sleek and contemporary facade with large windows that provide abundant natural light. Floor-to-ceiling windows create a bright and open atmosphere. Its strategic location offers easy access and convenient proximity to local amenities. The building is zoned 6000 and has a single suite, making it ideal for a variety of professional needs. The flexible layout allows for customization to suit specific business requirements. The property's inviting street presence enhances its visibility and accessibility. The APN is 06-22-30-007-0740. This is a fantastic opportunity to acquire a well-designed and conveniently located office building in a thriving North Miami neighborhood. The property's modern aesthetic and functional design make it an attractive option for businesses seeking a high-quality workspace. Its single-tenant occupancy simplifies management and provides a stable income stream. The property's prime location ensures easy access to transportation routes and local amenities, enhancing its overall appeal and value. This is a rare opportunity to own a well-maintained and strategically positioned office building in a desirable area.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1924
Construction CONCRETE
Total area 5,726 SF
Lot 0.12 ac (5,400 SF)
Zoning code 6000:COMMERCIAL,GENERAL
APN 06-2230-007-0740
UPID US18-2964678

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center
  • Training Center

Location

645 NE 125Th St, Unit A-G North Miami, FL 33161
North Miami metro Census 219 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.46M

Owner & transaction history

since 2021
Last sale
$1.3M
5 recorded transactions
2021
$1.3M
2016
Price N/A
2006
Price N/A
2004
$337,500
1969
Price N/A

Zoning & alternative use

6000:COMMERCIAL,GENERAL · North Miami, FL
Top alternative use upside
Office building $1.9M +24.8%
Warehouse, storage $1.7M +13.8%
Neighborhood: shopping center $1.6M +8.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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