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1251 36th St Miami, FL 33142-5532

OFF-MARKET Office buildings Google Maps
37,102 SF 1.72 ac lot Built 1945
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$8.77M
Range $7.89M – $9.65M (±10%)
Property ID US18-3209320

Property summary

AI-generated overview

This exceptional special-purpose property at 1251 NW 36th Street offers a versatile 36,953-square-foot space ideal for a variety of uses. Its strategic corner location provides excellent visibility and accessibility. The layout includes a substantial ground floor area of approximately 4,500 square feet, complemented by an additional approximately 2,000 square feet of office space on the second floor. This presents a unique opportunity for businesses seeking a blend of showroom, office, or storage space. Currently zoned 6107, the property is priced competitively at $16 per square foot gross rent, making it one of the most attractive options in the area. While the property requires some improvements, including a new floor installation and power reconnection, the landlord is prepared to undertake these renovations upon securing a tenant. This commitment ensures a swift transition to occupancy for the right business. The property's secure, clean, and dry environment makes it an excellent solution for diverse operational needs. The APN is 01-31-23-037-5330. This single-tenant building presents a rare opportunity to acquire a substantial space at an exceptional price point.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1945
Construction CONCRETE
Total area 37,102 SF
Lot 1.72 ac (74,733 SF)
Zoning code 6107:RESID-MEDIUM RETAIL
APN 01-3123-037-5330
UPID US18-3209320

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
  • Medical Clinic
  • Physician
  • Medical Clinic
  • Physician
  • Pediatrician Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.77M

Owner & transaction history

since 2018
5 recorded transactions
2018
$6.0M
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6107:RESID-MEDIUM RETAIL · Miami, 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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