Property profile

1141 71st St Miami Beach, FL 33141

OFF-MARKET
Retail residential properties
Property ID
US18-4857257
2,230 SF 0.07 ac lot Built 1943
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This immaculate, free-standing mixed-use building at 1141 71st Street in Miami Beach, Florida, presents a unique investment opportunity. Built in 1943, this two-story property boasts a prime location just steps from Town Center and the Normandy Isle Fountain, within a rapidly developing neighborhood. The building enjoys exceptional visibility and high traffic counts on a main artery into Miami Beach. Its proximity to multi-million dollar residential and commercial properties, the Normandy Isle Golf Course, La Gorce Country Club, the beach, and numerous amenities (including a farmers market, trolley stop, and various restaurants) ensures high foot traffic and strong rental potential. The 1,290,000 asking price reflects the property's exceptional condition and location. The building features impact windows and doors, private parking, and recently updated floors and bathrooms. Currently configured as professional offices on the ground floor and two residential units upstairs, the property offers flexibility for a variety of uses, catering to both retail and office tenants, or maintaining its current mixed-use configuration. This is an exceptional opportunity to acquire a well-maintained, high-traffic property in one of Miami Beach's most desirable and rapidly appreciating areas. The zip code is 33141.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1943
Construction CONCRETE
Total area 2,230 SF
Lot 0.07 ac (2,935 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3210-013-1390
UPID US18-4857257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Construction Company General Contractor

Location

1141 71st St Miami Beach, FL 33141-3674
Miami Beach metro Census 3915 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
$810k
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2024
Last sale
$1.2M
4 recorded transactions
2024
$1.2M
2022
Price N/A
2022
Price N/A
2020
$637,500

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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