Garden-Style Apartment
For Sale
$11,000,000
750 NE 195th St, Miami, FL 33179
Two-story concrete-block apartment community with studio through 2-bedroom loft layouts and on-site parking.
Property Size54,006 SF
Lot Size2.85 Acres
Price / SF$203.68
Days on Market121
Property Features for 750 NE 195th St
General Information
Standard status
Active
Size
54,006 SF
Total Parking Spaces
86
Lot size
2.85 Acres
Property subtype
Income/MultiFamily
Additional Details
Highway Access
Yes
Multifamily Units
64
Taxes and HOA fees
Annual Taxes
$111,221
Building Details
Building Size
54,006 SF
Year Built
1978
Stories
2
Tenancy
Multi
Listing Agency:
MSP Group, LLC
Listed By:
Demosthenes Mekras · License #0704134
(786) 671-0149
Source:
Vanessafrankmiami
Added: May 9
Changed: Sep 2
Last Checked: Sep 5 at 5:34AM
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 MSP Group, LLC
Investment Insights
Based on property information with market context.
California Club Apartments is a 64-unit, two-story apartment community constructed in 1978. The property comprises a unit mix of 40 studios, 16 one-bedroom/one-bath lofts, 6 one-bedroom/2-bath units, and 1 two-bedroom/2-bath unit plus an additional 2-bedroom/2-bath loft. Built with concrete block and stucco finish, the building features pitched shingle roofs, well-lit interior corridors, and laundry rooms on each floor. Outdoor space is available, as every unit has either a private balcony or a terrace, and some units include vaulted ceilings. Residents also benefit from 86 on-site parking spaces and landscaped grounds.
The complex provides easy access to I-95 and Ives Dairy Road. A public park, Gordon Park (4.3 acres), is immediately next door and includes a tot-lot and dog park for tenant use. About one mile away, a shopping center includes Winn-Dixie and Dollar Tree. Aventura Isles, a gated community built about 10 years ago, is located across the lake.
For physical layout and materials, the offering is a concrete-block, stucco-finished, pitched-roof building with interior corridors, floor-by-floor laundry, and in-unit outdoor space across the full unit count.
The complex provides easy access to I-95 and Ives Dairy Road. A public park, Gordon Park (4.3 acres), is immediately next door and includes a tot-lot and dog park for tenant use. About one mile away, a shopping center includes Winn-Dixie and Dollar Tree. Aventura Isles, a gated community built about 10 years ago, is located across the lake.
For physical layout and materials, the offering is a concrete-block, stucco-finished, pitched-roof building with interior corridors, floor-by-floor laundry, and in-unit outdoor space across the full unit count.
Key Highlights
- 64‑unit California Club Apartments, 2‑story concrete‑block building built in 1978
- 54,006 gross SF and 36,840 net rentable SF on a 2.85‑acre parcel
- Unit mix: 40 studios, 16 1‑bed/1‑bath lofts, 6 1‑bed/2‑bath, and 1 each of 2‑bed/2‑bath and 2‑bed/2‑bath loft
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
$997,674
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
9.07%
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%
$19,953,480
$20.0M
Cap Rate 7%
$14,252,486
$14.3M
Cap Rate 9%
$11,085,267
$11.1M
Market Conditions
NOI Build-Up for 54,006 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
$1.94M $36.00/SF
− Vacancy
−$130.3K −$2.41/SF
EGI
$1.81M $33.59/SF
− OpEx
−$816.3K −$15.11/SF
NOI
$997.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
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%
$19,953,480
Cap Rate 7%
$14,252,486
Cap Rate 9%
$11,085,267
Alternative Uses
Best Use
Apartment 5plus
$14.25M
$12.47M – $16.63M
NOI $997,674 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$36.45M
$31.90M – $42.53M
NOI $2,551,808 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
64
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 33179, FL
48,088
Population
21,249
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
9,618
Density / Sq Mi
$61,526
Median Household Income
$37,555
Median Earnings
$1,736
Median Rent
$281,400
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?
Apartment building - Two-story concrete-block apartment community with studio through 2-bedroom loft layouts and on-site parking.
Where is this apartment building located?
The property is located at 750 NE 195th St Miami, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 64‑unit California Club Apartments, 2‑story concrete‑block building built in 1978; 54,006 gross SF and 36,840 net rentable SF on a 2.85‑acre parcel; Unit mix: 40 studios, 16 1‑bed/1‑bath lofts, 6 1‑bed/2‑bath, and 1 each of 2‑bed/2‑bath and 2‑bed/2‑bath loft
