Tri-Level Mixed-Use Live-Work
New
For Sale
$865,000
3449 NE 1st Ave #109 Unit 109, Miami, FL 33137
Two bedrooms and a private terrace complement the ground-level commercial component.
Property Size2,048 SF
Price / SF$422.36
Days on Market5
Property Features for 3449 NE 1st Ave #109 Unit 109
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Commercial
Amenities
pool
fitness center
spa
sauna
steam room
concierge services
Lot Size Square Feet: 700
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Tile Floor
Has Central AC: 1
Sale, Sale Type: Foreclosure
Built in 2007
Water Source: Community
Building Details
Year Built
2007
Listing Agency:
Compass Florida, LLC
Listed By:
Alex Miranda · License #3203583
(305) 851-2820
Source:
Doyle-realty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:21AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This 2007 tri-level property combines residential space with a ground-floor commercial component designated CU-109. The residence contains 2 bedrooms, 2 full bathrooms, 2 half bathrooms and approximately 2,048 SF of interior area, plus a 405 SF private terrace. Commercial use is subject to applicable condominium and zoning requirements.
The property is in Midtown Miami, near the Miami Design District and its dining, shopping, fitness and daily services. Wynwood, Edgewater, Downtown Miami and Miami Beach are also identified as nearby destinations.
Residents of 2Midtown have access to a pool, fitness center, spa, sauna, steam room, concierge services and secure covered parking.
The property is in Midtown Miami, near the Miami Design District and its dining, shopping, fitness and daily services. Wynwood, Edgewater, Downtown Miami and Miami Beach are also identified as nearby destinations.
Residents of 2Midtown have access to a pool, fitness center, spa, sauna, steam room, concierge services and secure covered parking.
Key Highlights
- Tri‑level layout with approximately 2,048 SF of interior space
- 2 bedrooms, 2 full bathrooms and 2 half bathrooms
- Private 405 SF terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,752
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
$1.2M
Cap Rate 7%
$839,314
$839.3K
Cap Rate 9%
$652,800
$652.8K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$92.2K $45.00/SF
− Vacancy
−$13.8K −$6.75/SF
EGI
$78.3K $38.25/SF
− OpEx
−$19.6K −$9.56/SF
NOI
$58.8K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,040
Cap Rate 7%
$839,314
Cap Rate 9%
$652,800
Alternative Uses
Best Use
Office B
$839.3K
$734.4K – $979.2K
NOI $58,752 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,769 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two bedrooms and a private terrace complement the ground-level commercial component.
Where is this mixed-use property located?
The property is located at 3449 NE 1st Ave #109 Unit 109 Miami, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Tri‑level layout with approximately 2,048 SF of interior space; 2 bedrooms, 2 full bathrooms and 2 half bathrooms; Private 405 SF terrace
