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Property profile & analytics
OFF-MARKET Estimated value $2,850,000
Commercial land

1 Royal Poinciana Blvd Miami Springs, FL 33166-6058

13,173 SF 0.77 ac lot Built 1948
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-6097745
Property summary
AI-generated overview

This exceptional 26,947-square-foot retail center in vibrant Downtown Miami Springs, Florida, presents a compelling investment opportunity. Completely renovated in 2023, this property boasts two single-story buildings, offering a diverse mix of 15 tenants across food and beverage, health and beauty, medical, service, and specialty sectors. The center features ample grade-level parking for convenient customer access. Currently 100% occupied, the property benefits from a robust merchandising plan with a well-balanced tenant mix of both established local businesses and new national credit tenants. All leases are triple net (NNN) with an average remaining term exceeding 10 years, incorporating annual rent increases of 3%. Many leases also include attractive renewal options. This fully stabilized investment is further enhanced by the availability of seller financing: a $9 million loan at 5% interest, amortized over three to five years. Located at 1 S Royal Poinciana Blvd, Miami Springs, FL 33166, this property is ideally situated within Miami-Dade County. Built in 1945, this meticulously renovated center offers a blend of historical charm and modern functionality, making it an exceptional addition to any investment portfolio.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1948
Construction CONCRETE
Total area 13,173 SF
Lot 0.77 ac (33,462 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 05-3119-013-0010
UPID US18-6097745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.85M
Owner & transaction history
Flagler Ponce Development LLC · 4 yrs held
Flagler Ponce Development LLC
since 2022
6 recorded transactions
2022
$2.8M
2018
$4.7M
2001
$750,000
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Map
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