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    1330 54Th St Miami, FL 33142

    For Sale
    $800,000

    High-yield, stabilized multi-unit property in Miami.

    Property size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property, located at 1330 NW 54th St, Miami, FL 33142, presents a compelling investment opportunity. The 2,200 square foot building, constructed in 1951 and renovated in 2020, boasts a Class B rating and sits on a 4,500 square foot lot. Currently operating at 100% occupancy with a net lease, the property generates a substantial NOI of $84,600, resulting in a compelling 10.58% cap rate. The building features two units, two loading docks, and one 14-foot dock-high door, with a 14-foot ceiling height. Twelve parking spaces are available for tenants and patrons. Zoned MIXED USE-STORE/RESIDENTIAL (T5-0), allowing for high-density development of office, retail, residential, warehouse/storage, or hospitality uses, with building heights capped at five stories. An additional 10,000 square feet of air rights provide significant future development potential. The property is situated in a Miami Opportunity Zone, offering potential tax advantages. The asking price is $800,000. Annual expenses include approximately $3,600 for electricity, $2,400 for water, $1,800 for waste removal, $1,440 for internet, $3,600 for maintenance, $3,453.79 for property taxes, and $6,000 for property insurance. Owner financing may be available to qualified buyers.

    Property Features for 1330 54Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,200 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1951/2020
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • $84,600 Annual Gross Income.
    • Annual operating expenses total $22,294, including utilities, maintenance, taxes, and insurance.
    • Owner financing considered with strong credit and substantial down payment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Globotec USA Corporate Office Nationwide insurance Insurance Agency Netta & Grenz Consulting Media Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.218959870517
    Latitude
    25.824555533565

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield, stabilized multi-unit property in Miami.
    Where is this mixed-use property located?
    The property is located at 1330 54Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $84,600 Annual Gross Income.; Annual operating expenses total $22,294, including utilities, maintenance, taxes, and insurance.; Owner financing considered with strong credit and substantial down payment.
    (305) 213-2393
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    1330 54Th St Miami, FL 33142
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    Miami, FL 33142
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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
    1330 54Th St Miami, FL 33142
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