Renovated Motel
For Sale
$3,300,000
Pending
1629 SW 4th St, Miami, FL 33135
Renovated motel on-site parking for 20 vehicles, built in 1958 and totaling 15,872 SF.
Property Size15,872 SF
Days on Market2733
Property Features for 1629 SW 4th St
General Information
Standard status
Pending
Size
15,872 SF
Property subtype
General Commercial
Amenities
3
20 Parking Spaces.
Building Details
Year Built
1958
Listing Agency:
One Stop Realty
(305) 342-3022
Listed By:
Mercedes Navarro · License #279507866
(305) 342-3022
Source:
Xome
Added: Feb 5, 2019
Changed: Jul 30
Last Checked: Jul 30 at 8:21PM
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 One Stop Realty
Investment Insights
Based on property information with market context.
Renovated motel property freshly painted and renovated, offered for sale with the seller willing to finance with a good down payment. The property totals 15,872 SF and was built in 1958.
The motel is located at 1629 SW 4th St, Miami, FL 33135. Exterior features include on-site parking for 20 vehicles, supporting guest and tenant arrivals.
For buyers or operators seeking an existing motel asset with established parking and recent cosmetic improvements, this property provides a straightforward hospitality-focused base to evaluate further.
The motel is located at 1629 SW 4th St, Miami, FL 33135. Exterior features include on-site parking for 20 vehicles, supporting guest and tenant arrivals.
For buyers or operators seeking an existing motel asset with established parking and recent cosmetic improvements, this property provides a straightforward hospitality-focused base to evaluate further.
Key Highlights
- 15,872 SF motel property
- Freshly painted and renovated
- 20 parking spaces on site
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $285.7k | $18.00 |
| − Vacancy | −$34.3k | −$2.16 |
| EGI | $251.4k | $15.84 |
| − OpEx | −$132.0k | −$8.32 |
| NOI | $119.4k | $7.52 |
15,872 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.71M
$1.49M – $1.99M
NOI $119,421 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.71M
$9.37M – $12.50M
NOI $749,959 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,795
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Little Havana Oasis — SW 10th St, Miami, FL 33135
- Cosy Pearl — 2428 SW 11th St, Miami, FL 33135
- The Elaine Flats — 1700 SW 10th St, Miami, FL 33135
- Amneris — 2220sw10str, SW 10th St, Miami, FL 33135
- The NHŪ House — 2204 SW 13th St, Miami, FL 33145
Frequently Asked Questions
What type of property is this?
Motel - Renovated motel on-site parking for 20 vehicles, built in 1958 and totaling 15,872 SF.
Where is this motel located?
The property is located at 1629 SW 4th St Miami, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 15,872 SF motel property; Freshly painted and renovated; 20 parking spaces on site
