Corner-Lot
For Sale
$730,000
200 NW 34th Ave, Miami, FL 33125
Two residential levels include an updated upper unit and a larger lower unit.
Property Size1,867 SF
Price / SF$391
Days on Market8
Property Features for 200 NW 34th Ave
General Information
Standard status
Active
Size
1,867 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,705
Building Details
Building Size
1,867 SF
Year Built
1935
Buildings
1
Stories
2
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Yadira Marrero · License #3344126
Source:
Batrare
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 30 at 10:03PM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This two-story duplex contains 1,867 square feet and was built in 1935. The upper residence offers 2 bedrooms and 1 bathroom with updates, while the lower residence includes 4 bedrooms and 2 bathrooms. The property is being sold AS-IS and is identified under zoning code 5700.
Positioned on a corner lot at 200 NW 34th Avenue in Miami, the property is near Coral Gables, Little Havana/Calle Ocho, Downtown Miami, Brickell, and Miami International Airport. Major highways, shopping, dining, and employment centers are also nearby. The property has no HOA.
Positioned on a corner lot at 200 NW 34th Avenue in Miami, the property is near Coral Gables, Little Havana/Calle Ocho, Downtown Miami, Brickell, and Miami International Airport. Major highways, shopping, dining, and employment centers are also nearby. The property has no HOA.
Key Highlights
- Two‑story duplex with 1,867 SF
- Upper unit includes 2 bedrooms, 1 bathroom, and updates
- Lower unit offers 4 bedrooms and 2 bathrooms
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
$37,444
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
5.13%
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%
$748,880
$748.9K
Cap Rate 7%
$534,914
$534.9K
Cap Rate 9%
$416,044
$416.0K
Market Conditions
NOI Build-Up for 1,867 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
$57.1K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$53.5K $28.65/SF
− OpEx
−$16.0K −$8.60/SF
NOI
$37.4K $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 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%
$748,880
Cap Rate 7%
$534,914
Cap Rate 9%
$416,044
Alternative Uses
Best Use
Multifamily LT 5
$534.9K
$468.1K – $624.1K
NOI $37,444 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.8K
NOI $34,490 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,217 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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 - Two residential levels include an updated upper unit and a larger lower unit.
Where is this duplex located?
The property is located at 200 NW 34th Ave Miami, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑story duplex with 1,867 SF; Upper unit includes 2 bedrooms, 1 bathroom, and updates; Lower unit offers 4 bedrooms and 2 bathrooms
