Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1776 51St Ter Miami, FL 33142

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1776 51St Ter

    Year built
    1937
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This beautifully remodeled Miami duplex presents a fantastic investment opportunity or owner-occupied residence. Located in Miami, Florida, at 1776 NW 51st Ter, 33142, this 1-story, 1937-built property boasts two units. One unit offers 2 bedrooms, 1 bathroom, and a den, while the other features 1 bedroom and 1 bathroom. Both units include additional family room space, showcasing the generous living areas. Recent renovations include new laminate flooring throughout and updated kitchens in both units. Adding to the property's appeal is a large patio graced with mature fruit trees and a concrete block storage unit. The property's convenient location places it within 3 miles of Wynwood and 10 miles of Miami Beach, offering easy access to vibrant city life and recreational amenities. Proximity to the I-95 expressway ensures effortless commuting. This property is free of open permits or violations and has no HOA fees, simplifying ownership. The asking price is $540,000. This is a rare opportunity to acquire a well-maintained, income-generating property in a highly desirable Miami location. Don't miss out!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.226
    Latitude
    25.822

    Comparable in this City

    • Value Estimation by Request

      1376 35Th St

      Multifamily properties
      1376 35Th St, Miami, FL 33142
      View Details
    • Value Estimation by Request

      3527 34Th St

      Multifamily properties
      3527 34Th St, Miami, FL 33142
      View Details
    • Value Estimation by Request

      2742 48Th St

      Multifamily properties
      2742 48Th St, Miami, FL 33142
      View Details
    • Value Estimation by Request

      2052 27Th St

      Multifamily properties
      2052 27Th St, Miami, FL 33142
      View Details
    • Value Estimation by Request
      1,512 SF

      1613 45Th St

      Multifamily properties • 1,512 SF
      1613 45Th St, Miami, FL 33142
      View Details
    • Value Estimation by Request
      1,599 SF

      1985 49Th St

      Multifamily properties • 1,599 SF
      1985 49Th St, Miami, FL 33142
      View Details

    Similar Nearby for Sale

    • $1,249,000

      Miami Multifamily Investment Opportunity

      Fourplex, 4 Units, Prime Location
      1725 59Th St, Miami, FL 33142
      View Details
    • $489,000
      1,512 SF

      N Miami Estates Duplex Investment

      Prime Alappatah Duplex with Development Potential
      1613 45Th St, Miami, FL 33142
      View Details
    • $620,000

      Miami Duplex: Prime Investment Opportunity

      Spacious 2-unit duplex with strong rental income.
      2126 47Th Ter, Miami, FL 33142
      View Details
    • $1,050,000

      Miami Multifamily Investment Opportunity

      Solid income, prime Miami location.
      2215 33Rd St, Miami, FL 33142
      View Details
    • $789,000

      Miami Duplex - $789K Investment

      Allapattah duplex, renovated, strong rental income.
      1807 33Rd St, Miami, FL 33142
      View Details
    • $740,000

      Miami Multifamily Investment Opportunity

      High-Yield Duplex, Updated, Prime Location
      2180 59Th St, Miami, FL 33142
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Renovated Apartment with In-Unit Laundry

      Completely renovated 2-bedroom apartment with modern amenities in Miami.
      4555 NW 14Th Ave, Miami, FL 33142
      View Details
    • $2,000 /Mo

      Renovated 2-Bedroom Apartment For Rent

      Spacious 2-bedroom apartment with renovated bathroom in quiet multiplex.
      3210 NW 22Nd Ave, Miami, FL 33142
      View Details
    • $1,475 /Mo

      One Bedroom Apartment For Rent

      One bedroom, one bathroom apartment available for rent.
      1281 NW 60Th St, Miami, FL 33142
      View Details
    • $2,300 /Mo

      Remodeled Apartment in Prime Location

      Remodeled 2-bedroom apartment near Wynwood and Miami Design District.
      1251 NW 61St St, Miami, FL 33142
      View Details
    • $3,500 /Mo

      New 4 Bed Apartment

      New 4 bed, 2 bath apartment near I95 and Downtown.
      4615 NW 15Th Ct, Miami, FL 33142
      View Details
    • $2,200 /Mo

      Renovated Apartment with In-Unit Laundry

      Completely renovated 2-bedroom apartment with modern amenities in Miami.
      4557 NW 14Th Ave, Miami, FL 33142
      View Details
    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.
    1776 51St Ter
    Miami, FL 33142
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.