Property profile

1640 Flagler St Miami, FL 33135

OFF-MARKET
Outlet malls
Property ID
US18-2360623
4,980 SF 0.13 ac lot Built 1969
Individually Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 600-square-foot retail space is ideally situated at 1640 W Flagler Street, #1632, in the heart of Miami's vibrant Little Havana neighborhood. The property is a single-tenant space, offering a versatile layout suitable for a variety of businesses, including retail stores, medical offices, lounges, or other professional services. The zoning designation is 6100. The property features convenient on-site parking, a significant advantage in this bustling area. Little Havana boasts a strong business community, a substantial local workforce, and excellent access to key areas of Miami. Commuting is simplified by its proximity to major transportation arteries, including I-95 and the Dolphin Expressway (826), providing easy access to Downtown Miami, Brickell, Miami International Airport, and the civic center. This prime location offers unparalleled exposure to a high volume of foot traffic and vehicular traffic, making it an excellent opportunity for businesses seeking a thriving and established market. The property's APN is 01-41-02-006-0390. This is a freestanding building, offering excellent visibility and accessibility. The space presents a unique opportunity to establish or expand a business in a dynamic and culturally rich neighborhood. Don't miss this chance to secure a prominent location in one of Miami's most exciting and rapidly growing areas.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1969
Construction CONCRETE
Total area 4,980 SF
Lot 0.13 ac (5,850 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-4102-006-0390
UPID US18-2360623

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
  • Restaurant

Location

1640 Flagler St Miami, FL 33135-2120
Miami metro Census 5303 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$372k
Blend (final) Blend
$590k

Owner & transaction history

since 2009
2 recorded transactions
2009
$850,000
1969
Price N/A

Zoning & alternative use

6100:COMMERCIAL,NEIGHBRHD · 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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