Financial
Distress signals
Property profile

606 W Flagler St Miami, FL 33130

FOR SALE
Office buildings
Property ID
US18-5404252
8,521 SF 0.23 ac lot Built 1968
Last sale Dec 2025 · $4,808,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 1.82-acre assemblage in Miami, Florida, presents a unique investment opportunity. Located at 606 W Flagler St, this property boasts 79,487 square feet and is comprised of eleven contiguous parcels spanning a full block, from W Flagler Street to SW 1st Street. The site benefits from a T6-12-O zoning designation, allowing for a diverse range of uses including high-density multifamily, hotel, retail, and office development. As of right, the zoning permits 274 multifamily units,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$2.58M
Assessed land$2.00M
Assessed improvement$585k
Effective rate1.24%

Value estimate

· Sep 2026
$4.36M
$3.92M – $4.80M
CAP approach$4.01M
Sales comparison$4.91M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$655/SF
ZIP average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$401 – $1,097
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
6110:COMM/RES-DESIGN DIST
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair9.4
Carpet & Flooring Store7.8
Adult Day Care Center7.4

Location

606 W Flagler St Miami, FL 33130
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
66 6th, Miami, FL 33130-3008 $7,000,000 Sep 2022 10,574 SF
120 8th, Miami, FL 33130-3510 $58,000,000 Jun 2022 12,971 SF
25 9th Stcu-8, Miami, FL 33130-3891 $3,180,000 Dec 2021 7,053 SF
232 8th, Miami, FL 33130-3514 $4,050,000 Nov 2021 11,287 SF
965 Flagler, Miami, FL 33130-1139 $148,000 Mar 2020 10,348 SF
108 Miami, Miami, FL 33130-1622 $2,300,000 May 2019 7,820 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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