Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7320 Carlyle Ave Miami Beach, FL 33141

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four renovated units, ideal for investors in a desired sector.

    Type:Multifamily
    Property size:
    3,707 SF
    Price / SF:
    $431/SF
    Added:
    May 2, 2024
    Days on Market:
    723
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 7320 Carlyle Ave

    General Information

    Standard status
    Active
    Size
    3,707 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1952

    We can help!

    Listing Contact
    Monica Villalva

    Listing agent Monica Villalva License #3571920

    Listing office Miami Beach Real Estate Group

    Listing date May 2, 2024

    Source Crexi

    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 Miami Beach Real Estate Group

    Overview

    Renovated Multifamily Building in Miami

    This multifamily building features four fully renovated, income-ready units. The property includes two apartments with two bedrooms and one bathroom each, and two apartments with one bedroom and one bathroom each. The property size is 3707 square feet. This property is located in Miami Beach, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.124819
    Latitude
    25.858728

    Nearby Similar for Sale

    • $900,000

      Miami Beach Commercial Space

      Prime commercial space in Miami Beach's Sunset Harbour neighborhood.
      1400 20th St, Miami Beach, FL 33139
      View Details
    • $375,000

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $55,000,000

      Oceanfront Condo Hotel with Restaurant

      Miami Beach condo hotel with restaurant in a vibrant location.
      7300 Ocean Ter, Miami Beach, FL 33141
      View Details
    • $16,000,000

      Miami Beach Development Opportunity

      Rare South of Fifth development opportunity with income and upside.
      249 Collins Ave, Miami Beach, FL 33139
      View Details
    • $3,890,000

      Miami Beach Retail Investment Opportunity

      Four retail spaces near Ocean Drive and Lincoln Road.
      764 Washington Ave, Miami Beach, FL 33139
      View Details
    • $11,000,000

      Miami Beach Retail Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Miami Beach.
      1441 Alton Rd, Miami Beach, FL 33139
      View Details
    • $795,000

      Lincoln Road Retail Opportunity

      Prime retail space on iconic Lincoln Road in Miami Beach.
      1300 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $5,000,000

      Miami Beach Retail Opportunity

      Retail space with indoor and outdoor areas in Miami Beach.
      1215 West Ave, Miami Beach, FL 33139
      View Details
    • $2,500,000

      Historic Miami Beach Mixed-Use Property

      Rare opportunity to customize a historic Miami Beach property.
      927 4th St, Miami Beach, FL 33139
      View Details
    • $9,000,000

      Iconic South Beach Entertainment Property

      Rare opportunity to own a landmark Miami Beach entertainment venue.
      1527 Washington Ave, Miami Beach, FL 33139
      View Details
    • $750,000

      Miami Beach Salon Business Opportunity

      Turnkey salon business with high visibility in Miami Beach.
      1800 Bay Rd Ste #101, Miami Beach, FL 33139
      View Details
    • $11,900,000

      Miami Beach Hotel/Retail Opportunity

      34 studio apartments and 4 retail spaces for sale.
      760 Washington Ave, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four renovated units, ideal for investors in a desired sector.
    Where is this quadplex located?
    The property is located at 7320 Carlyle Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Four fully renovated, income‑ready units.; Attractive mix of unit types: two 2‑bedroom/1‑bathroom and two 1‑bedroom/1‑bathroom apartments.; Ideal for investors seeking a profitable property.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Monica Villalva
    Real Estate License ID: 3571920
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!