Building Details

Year Built 1952

Listed By: Ileana Rodriguez Show Phone

Added: Jun 23 Changed: Jul 1

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,108

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$782,160 $782.2K

Cap Rate 7%

$558,686 $558.7K

Cap Rate 9%

$434,533 $434.5K

Market Conditions

NOI Build-Up for 1,950 SF

Gross rent

$59.7K $30.60/SF

− Vacancy

−$3.8K −$1.95/SF

EGI

$55.9K $28.65/SF

− OpEx

−$16.8K −$8.60/SF

NOI

$39.1K $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 Rate 5%

$782,160

Cap Rate 7%

$558,686

Cap Rate 9%

$434,533

Alternative Uses

Best Use

Multifamily LT 5

$558.7K

$488.9K – $651.8K (±1% cap)

NOI $39,108 @ 7.0% cap · market cap 3.95%

Second Best

Apartment 5plus

$514.6K

$450.3K – $600.4K (±1% cap)

NOI $36,023 @ 7.0% cap · market cap 3.64%

Theoretical Best

Specialty Retail

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,138 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Butcher Veterinary Clinic Restaurant Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,419

Businesses Nearby

Explore this area Business Placement

Demographics for 33127, FL

27,692

Population

11,245

Households

2.5

Avg Household Size

37

Median Age

13%

College-Educated

69%

High-School Grad

3.3 sq mi

ZIP Area

8,392

Density / Sq Mi

$41,125

Median Household Income

$30,240

Median Earnings

$1,394

Median Rent

$398,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Remodeled two-unit duplex with impact windows and a metal roof, zoned for up to nine units.

Where is this duplex located?

The property is located at 160 NW 45Th St Miami, FL.

What is the asking price?

The asking price for this property is $989,000.