1050 Miami Bch Blvd North Miami Beach, FL 33162-3828
Property profile & analytics
1050 Miami Bch Blvd, North Miami Beach, FL 33162-3828
- Outlet malls
- 5,060 SF
- 0.24 lot acres
Property ID
US18-3351865
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 1050 Miami Bch Blvd
- Year built
- 1964
- Construction
- CONCRETE
- Lot size
- 0.24 lot acres
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 07-2217-014-0020
- APU
- 722170140020
Description
This exceptional investment opportunity presents a 4,423 square foot, single-tenant storefront located at 1050 N Miami Beach Blvd in North Miami Beach, Florida. The property, built in 1964, sits on a 10,387 square foot lot and boasts 8 parking spaces. Currently 100% occupied by Furniture 2 Go under a double net lease with a remaining term of approximately 3.6 years (expiring June 30, 2028), the lease includes one five-year option. The property generates a Net Operating Income (NOI) of $168,000, representing a 6.25% cap rate based on the asking price of $2,688,000. The property benefits from its prime location on a major commercial corridor, N Miami Beach Boulevard (SR 826), with high daily traffic counts exceeding 57,000 vehicles. Its strategic position near a signalized intersection ensures excellent visibility. The surrounding area features numerous national retailers, including Publix, Walmart, Home Depot, Ross Dress for Less, and Lowe's, further enhancing the property's desirability. The zoning is designated as 6400 - Commercial. This fee-simple ownership offers a stable, net-leased investment with a strong tenant and significant upside potential due to the lease's built-in rental increases. The property's location within a densely populated area, with over 200,000 residents within a three-mile radius, contributes to its long-term value and attractiveness to investors seeking a secure and profitable retail investment in Miami-Dade County.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,505,000
- ML approach
- $1,710,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,425,000
- 6.5%
- $1,315,000
- 7%
- $1,220,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,360,000 Current use
- MEDICAL BUILDING
- $2,220,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1791
- Latitude
- 25.9259
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,784
$1,142,570
$149,832
$1,292,402
-
$1,142,570
$149,832
$1,292,402
