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    727 Flagler St Miami, FL 33130

    Sponsored
    For Sale
    $1,899,000

    High-yield retail land, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Miami location (727 West Flagler St, 33130) offers a 7,000 sq ft lot with a 1,845 sq ft retail building housing three separate stores generating a current NOI of $45,329, and a projected NOI of $68,229. The asking price is $1,899,000, representing a current cap rate of 2.39% and a pro-forma cap rate of 3.59%. Current rental income totals $5,400 per month, with two tenants on one-year leases and one on a month-to-month agreement. The property boasts 55 feet of frontage and a depth of 136 feet, situated within the T6-12-O-URBAN CORE ZONE. This zoning allows for significant multifamily development potential; estimates suggest up to approximately 34 units could be feasible under the Live Local Act (SB 102), though buyers are advised to conduct their own due diligence regarding development feasibility. The potential for expansion exists, with adjacent lots possibly available for purchase. APN: 01-0200-080-1170.

    Property Features for 727 Flagler St

    General Information

    Property type
    Retail properties

    HighLights

    • 1,845 SF retail building on a 7,000 SF lot.
    • Three retail spaces generating $5,400/month in current rent (two 1‑year, one month‑to‑month lease).
    • T6‑12‑O zoning allows potential multifamily development (up to ~34 units under SB 102; buyer due diligence required).
    • 55‑foot frontage and 136‑foot depth.
    • Adjacent lots may be available for purchase.
    Property Profile 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
    -80.2066115
    Latitude
    25.7739016

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    FAQs

    What type of property is this?
    Retail property - High-yield retail land, development potential.
    Where is this retail property 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 retail building on a 7,000 SF lot.; Three retail spaces generating $5,400/month in current rent (two 1-year, one month-to-month lease).; T6-12-O zoning allows potential multifamily development (up to ~34 units under SB 102; buyer due diligence required).
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    727 Flagler St Miami, FL 33130
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    Miami, FL 33130
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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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