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    727 Flagler St Miami, FL 33130

    For Sale
    $1,899,000

    Miami Commercial Land, High Potential

    Property size:
    1,845 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial land opportunity presents a 7,000 sq ft lot with a 1,845 sq ft, single-story building constructed in 1931. Located at 727 West Flagler Street in Miami, Florida (zip code 33130), this property boasts a prime location in Miami's vibrant urban core. Currently vacant, the property offers significant value-add potential. The existing building, zoned T6-12-O-URBAN CORE ZONE, allows for construction up to 12 stories (with adjacent property assembly). The asking price is $1,899,000, representing a price per square foot of $1,029.27. The property features a current NOI of $45,329 and a pro-forma NOI of $64,529, resulting in a current cap rate of 2.39% and a pro-forma cap rate of 3.40%. The property's historic charm and strategic positioning offer excellent visibility and accessibility. Its versatility makes it suitable for various commercial ventures, including retail or office use. The large lot size provides ample space for expansion or redevelopment. This is an ideal investment opportunity for those seeking a high-return property in a rapidly growing area. The property's location offers proximity to numerous urban amenities and attractions. The building's distinctive character and architectural features add to its appeal. This is a rare chance to acquire a piece of Miami's history with significant future development potential.

    Property Features for 727 Flagler St

    General Information

    Property type
    Land
    Square Feet
    1,845 SF
    Class
    B

    Building Details

    Year Built
    1931
    Buildings
    1
    Stories
    1

    HighLights

    • 1,845 SF free‑standing building, built in 1931.
    • T6‑12‑O‑URBAN CORE zoning, allowing for up to 12 stories with adjacent property assembly.
    • Prime Miami location at 727 West Flagler Street, Miami, FL 33130.
    • Suitable for retail or office use.
    • Excellent investment opportunity with a $1,899,000 asking price ($1,029.27/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NO LIMITS INSURANCE ... Auto Insurance Agency CRAZY PRICES OUTLET General Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.206619122779
    Latitude
    25.773784552578

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    FAQs

    What type of property is this?
    Land - Miami Commercial Land, High Potential
    Where is this land located?
    The property is located at 727 Flagler St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: 1,845 SF free-standing building, built in 1931.; T6-12-O-URBAN CORE zoning, allowing for up to 12 stories with adjacent property assembly.; Prime Miami location at 727 West Flagler Street, Miami, FL 33130.
    (786) 536-7287
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    Realmo Value Estimation

    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.

    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.

    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
    727 Flagler St Miami, FL 33130
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