Renovated
New
For Sale
$950,000
15755 NW 41st Avenue, Miami Gardens, FL 33054
Recent improvements include impact windows, modernized bathrooms, an updated kitchen, and refreshed electrical service.
Property Size2,061 SF
Days on Market3
Property Features for 15755 NW 41st Avenue
General Information
Standard status
Active
Size
2,061 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,648
Building Details
Building Size
2,061 SF
Year Built
1974
Listing Agency:
A & G Team Realty, LLC
Listed By:
Jose L Duran Menendez · License #3515656
(786) 409-8053
Source:
Silverleafrealtygroup
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 4:14PM
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 A & G Team Realty, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1974, has received substantial interior and system updates. Improvements include updated electrical service, newly installed impact windows, renovated bathrooms, and a fully refreshed kitchen with contemporary finishes. The upgrades address several major components of the property while providing a current residential presentation.
The property is located in Miami Gardens, Florida, near major highways, shopping, restaurants, schools, and entertainment. Its address is 15755 NW 41st Avenue, Miami Gardens, FL 33054, with access to areas throughout Miami-Dade and Broward County.
The property is located in Miami Gardens, Florida, near major highways, shopping, restaurants, schools, and entertainment. Its address is 15755 NW 41st Avenue, Miami Gardens, FL 33054, with access to areas throughout Miami-Dade and Broward County.
Key Highlights
- Duplex property built in 1974
- Updated electrical service throughout
- Brand‑new impact windows
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
$29,418
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
3.10%
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%
$588,360
$588.4K
Cap Rate 7%
$420,257
$420.3K
Cap Rate 9%
$326,867
$326.9K
Market Conditions
NOI Build-Up for 2,061 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
$43.3K $21.00/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$42.0K $20.39/SF
− OpEx
−$12.6K −$6.12/SF
NOI
$29.4K $14.27/SF
Area
Miami Gardens, FL
Vacancy
2.90%
Lease Rate
$21.00 /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%
$588,360
Cap Rate 7%
$420,257
Cap Rate 9%
$326,867
Alternative Uses
Best Use
Multifamily LT 5
$420.3K
$367.7K – $490.3K
NOI $29,418 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,951 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recent improvements include impact windows, modernized bathrooms, an updated kitchen, and refreshed electrical service.
Where is this duplex located?
The property is located at 15755 NW 41st Avenue Miami Gardens, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex property built in 1974; Updated electrical service throughout; Brand‑new impact windows
