Renovated 14-Unit Apartment
For Sale
$4,400,000
1300 NE 110th St, Miami, FL 33161
Multifamily property with furnished units, shared amenities, and secured gated access.
Property Size9,216 SF
Lot Size0.43 Acres
Price / SF$477.43
Days on Market116
Property Features for 1300 NE 110th St
General Information
Standard status
Active
Size
9,216 SF
Net Rentable
9,216 SF
Total Parking Spaces
14
Lot size
0.43 Acres
Property subtype
Income/MultiFamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Multifamily Units
14
Amenities
beautifully landscaped garden
BBQ/patio
on-site fitness room (gym)
shared laundry facility
secured gated access
Building Details
Building Size
9,216 SF
Year Built
1960
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Veronica Zalcberg Goldemberg · License #3299370
Source:
Casacollectiongroup
Added: May 5
Changed: Aug 22
Last Checked: Aug 26 at 2:37PM
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 14-unit apartment property includes 9,216 square feet of rentable space on an 18,750-square-foot corner lot. Renovations were completed in 2023-2024, and the property is furnished for its current hospitality operation. Site improvements include a landscaped garden, BBQ and patio area, fitness room, shared laundry facility, and gated entry. Parking includes 14 dedicated spaces, with one ADA-designated space.
The property is legally permitted for short-term rentals and is located at 1300 NE 110th St in Miami, just off Biscayne Blvd (US-1). I-95 is readily accessible, with Wynwood, the Design District, Edgewater, and Miami Beach identified as nearby destinations. The property is currently positioned for both short-term and long-term tenancy.
The property is legally permitted for short-term rentals and is located at 1300 NE 110th St in Miami, just off Biscayne Blvd (US-1). I-95 is readily accessible, with Wynwood, the Design District, Edgewater, and Miami Beach identified as nearby destinations. The property is currently positioned for both short-term and long-term tenancy.
Key Highlights
- 14‑unit apartment property with 9,216 SF of rentable space
- 18,750 SF oversized corner lot with 14 dedicated parking spaces
- Legally permitted for short‑term rentals in Miami‑Dade
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
$170,251
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
3.87%
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%
$3,405,020
$3.4M
Cap Rate 7%
$2,432,157
$2.4M
Cap Rate 9%
$1,891,678
$1.9M
Market Conditions
NOI Build-Up for 9,216 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
$331.8K $36.00/SF
− Vacancy
−$22.2K −$2.41/SF
EGI
$309.5K $33.59/SF
− OpEx
−$139.3K −$15.11/SF
NOI
$170.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$3,405,020
Cap Rate 7%
$2,432,157
Cap Rate 9%
$1,891,678
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,251 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.22M
$5.44M – $7.26M
NOI $435,460 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with furnished units, shared amenities, and secured gated access.
Where is this apartment building located?
The property is located at 1300 NE 110th St Miami, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 14‑unit apartment property with 9,216 SF of rentable space; 18,750 SF oversized corner lot with 14 dedicated parking spaces; Legally permitted for short‑term rentals in Miami‑Dade
