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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10783 6Th St Miami, FL 33174

    • Small apartment buildings
    • 1,639 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0448497
    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.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 10783 6Th St

    Year built
    1956
    Property size
    1,639 SF
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a charming 1-story, 2-unit apartment building nestled in the desirable Sweetwater, Florida neighborhood. Built in 1956, the property boasts a total of 1,639 square feet and sits on a sizable 0.14-acre lot. The property's address is 10783 SW 6th St, Sweetwater, FL 33174, placing it within easy reach of Miami's vibrant city life. The asking price for this multifamily property is $1,900,000. This presents a strong potential for rental income generation, given the high demand for rental properties in this area. The property's location in Miami-Dade County, Florida, offers investors access to a thriving market with significant growth potential. The building's age suggests potential for renovation and value enhancement, allowing for customization to meet current market demands. This is a rare opportunity to acquire a well-situated multifamily property in a highly sought-after Miami location. The property's size and unit count make it an ideal investment for both seasoned and new investors seeking a foothold in the lucrative Miami real estate market. Serious inquiries are encouraged to explore this promising investment prospect further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3702278
    Latitude
    25.7636953

    Comparable in this City

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      Luxury 10-Unit Apartment Building

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      Sweetwater Duplex Opportunity

      Two-unit property in Sweetwater, offering rental income and owner occupancy.
      11012 SW 4Th St, Miami, FL 33174
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    • $859,000

      Income-Producing Duplex Near FIU

      Duplex near FIU with long-term tenants and recent updates.
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    Similar Nearby for Sale

    • $219,999

      Fontainebleau Apartment Near Palmetto

      Spacious 1/1 apartment with modern amenities and convenient location.
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    • $3,750,000
      7,500 SF

      Luxury 10-Unit Apartment Building

      Miami, FL: High-Yield Investment Opportunity
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      Sweetwater Condominium Investment Opportunity

      31-unit condominium near FIU with redevelopment potential.
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    • $859,000

      Income-Producing Duplex Near FIU

      Duplex near FIU with long-term tenants and recent updates.
      11621 SW 7Th Ter, Miami, FL 33174
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    • $820,000

      Sweetwater Duplex Opportunity

      Two-unit property in Sweetwater, offering rental income and owner occupancy.
      11012 SW 4Th St, Miami, FL 33174
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    • $1,100,000

      Miami Duplex Investment Opportunity

      Spacious duplex near FIU with excellent rental potential.
      11152 SW 7Th St, Miami, FL 33174
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    Similar Nearby for Lease

    • $3,100 /Mo

      Three-Bedroom Home with Terrace

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      Centrally Located Multifamily Rental Property

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      11007 SW 3Rd St, Miami, FL 33174
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    • $3,150 /Mo

      Updated Duplex in Sweetwater

      Spacious 3BR/2BA duplex unit available for rent.
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    • Contact for pricing
      1,426 SF

      Retail Space in Shopping Center

      Retail space for rent in a busy shopping center.
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    • $51 SF/Yr
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      Sweetwater Retail Space - 604 SF

      Prime Sweetwater retail space, single tenant, great location.
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    • $27 SF/Yr
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      Prime Miami Office Space for Lease

      971 sq ft Office in Westchester, FL
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    10783 6Th St
    Miami, FL 33174
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    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
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