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Financial
Distress signals
Property profile

1250 Normandy Dr Miami Beach, FL 33141

FOR LEASE
Turn key restaurants
Property ID
US18-0166782
4,543 SF 0.32 ac lot Built 1955
Last sale Aug 2014 · $2,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1250 Normandy Dr, Miami Beach, is a commercial facility providing more than 9,000 square feet of climate-controlled interior space intended for active operational use. It is served by a three-phase power supply and is configured to accommodate a variety of commercial concepts, including restaurant uses, a gym or fitness facility, showroom space, and an art gallery, as well as other enterprises requiring substantial indoor capacity. The site is positioned on Normandy Dr and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$54k
Tax billed · 2023
Assessed value$2.93M
Assessed land$2.26M
Assessed improvement$673k
Effective rate1.83%

Value estimate

· Oct 2026
$525k
$473k – $578k
AI approach$325k
Submarket $/SF estimate$724k
NOI build-up
Gross scheduled income$248k
Vacancy & credit loss−$17k
Operating expenses−$58k
NOI · 693.04% cap applied$173k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$742/SF
Submarket average, outlier-cleaned · 134 recorded sales of this use type
Observed band · Q1–Q3$362 – $1,321
Qualifying comparables10

Cap rate analysis

How does the asset earn?
693.04%
$173k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6400:COMMERCIAL,CENTRAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.5
Law Firm9.3
Shoe Repair8.9

Location

1250 Normandy Dr Miami Beach, FL 33141
County assessor Recorded deeds · 2 transfers 10 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
410 71st, Miami Beach, FL 33141 $400,000 Apr 2024 3,836 SF
1118 Normandy, Miami Beach, FL 33141-2812 $485,000 May 2023 3,640 SF
909 Normandy, Miami Beach, FL 33141-2927 $3,000,000 Feb 2022 5,565 SF
1226 Normandy, Miami Beach, FL 33141-3611 $2,750,000 Jun 2021 6,535 SF
7134 Collins, Miami Beach, FL 33141-3212 $17,330,000 Jun 2021 4,120 SF
7124 Collins, Miami Beach, FL 33141-3212 $17,330,000 Jun 2021 5,200 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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