Tenant-Occupied
For Sale
$730,000
210 Southwest 3rd Street, Florida City, FL 33034
Tenant-occupied duplex with a functional layout, parking, and access to the Florida Turnpike and US-1.
Property Size2,160 SF
Price / SF$337.96
Days on Market219
Property Features for 210 Southwest 3rd Street
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family Income / Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,425
Building Details
Year Built
2024
Listing Agency:
Keller Williams Capital Realty
(305) 662-7325
Listed By:
Reginald Brooks · License #3447330
(305) 662-7325
Source:
Compass
Added: Jan 25
Changed: Aug 30
Last Checked: Aug 31 at 9:54PM
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 Keller Williams Capital Realty
Investment Insights
Based on property information with market context.
This duplex was built in 2024 and offers a 3-bedroom, 2-bath configuration with a functional interior layout. The property measures 2,160 square feet and includes on-site parking. Current tenant occupancy provides an existing rental arrangement for a new owner.
The property is located on Southwest 3rd Street in Florida City, Florida, with convenient connections to the Florida Turnpike and US-1. Shopping, dining, and commuter routes are accessible from the surrounding area.
The property is located on Southwest 3rd Street in Florida City, Florida, with convenient connections to the Florida Turnpike and US-1. Shopping, dining, and commuter routes are accessible from the surrounding area.
Key Highlights
- Duplex built in 2024
- 3‑bedroom, 2‑bath configuration
- 2,160 square feet of property size
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
$36,007
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
4.93%
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%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 2,160 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
$54.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.4K $23.81/SF
− OpEx
−$15.4K −$7.14/SF
NOI
$36.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.10M
$958.9K – $1.28M
NOI $76,710 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
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?
Duplex - Tenant-occupied duplex with a functional layout, parking, and access to the Florida Turnpike and US-1.
Where is this duplex located?
The property is located at 210 Southwest 3rd Street Florida City, 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: Duplex built in 2024; 3‑bedroom, 2‑bath configuration; 2,160 square feet of property size
