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

    1643 7Th St Miami, FL 33135

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3043176
    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

    • Commercial real estate

    Property Details for 1643 7Th St

    Property type
    Commercial real estate

    Description

    This exceptional 22,500-square-foot commercial and residential land parcel, located at 1643 SW 7th Street in Miami, Florida, 33135, presents a unique investment opportunity in the heart of Little Havana. Zoned T-5 Open, this property is ideally situated one block from Calle Ocho, offering unparalleled access to the vibrant cultural scene and high tourist traffic. Existing schematic and render designs envision a 64-unit hotel with rooftop amenities and retail space, showcasing the property's potential for significant returns. Alternatively, the zoning permits the development of a 101-unit multifamily residential building under the "Live Local Act" (Senate Bill 102). The property's proximity to major transportation arteries, including I-95, and its close distance to Downtown Miami, Brickell, Coral Gables, and Miami International Airport, further enhance its desirability. The asking price is $6,780,000. This prime location offers the potential for both commercial and residential development, with opportunities for rooftop and ground-floor retail spaces. Don't miss this chance to capitalize on the thriving Little Havana market.

    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
    -80.221843977462
    Latitude
    25.766550128271

    Comparable in this City

    • $1,300,000

      2146 7Th St

      Land
      2146 7Th St, Miami, FL 33135
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    • $6,050,000

      West Little Havana Development Opportunity

      Assemblage of three properties near Calle Ocho for development.
      1628 SW 7Th St, Miami, FL 33135
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    • $920,000
      0.18 Acres

      Little Havana Development Opportunity

      Residential property in Little Havana, Miami, suitable for development.
      2139 SW 5Th St, Miami, FL 33135
      View Details
    • $950,000

      Little Havana Duplex Investment Opportunity

      Miami Duplex - 2 Units + 1/1
      210 Beacom Blvd, Miami, FL 33135
      View Details
    • $1,800,000

      Modern Duplexes in Prime Miami

      Spacious duplexes with high-income rental potential near Coral Gables.
      3645 SW 3Rd St, Miami, FL 33135
      View Details
    • $1,200,000

      Four-Unit Multifamily Property For Sale

      Four-unit property with residential and commercial spaces in upcoming area.
      1574 SW 1St St, Miami, FL 33135
      View Details

    Similar Nearby for Sale

    • $1,300,000

      2146 7Th St

      Land
      2146 7Th St, Miami, FL 33135
      View Details
    • $6,050,000

      West Little Havana Development Opportunity

      Assemblage of three properties near Calle Ocho for development.
      1628 SW 7Th St, Miami, FL 33135
      View Details
    • $920,000
      0.18 Acres

      Little Havana Development Opportunity

      Residential property in Little Havana, Miami, suitable for development.
      2139 SW 5Th St, Miami, FL 33135
      View Details
    • $950,000

      Little Havana Duplex Investment Opportunity

      Miami Duplex - 2 Units + 1/1
      210 Beacom Blvd, Miami, FL 33135
      View Details
    • $1,800,000

      Modern Duplexes in Prime Miami

      Spacious duplexes with high-income rental potential near Coral Gables.
      3645 SW 3Rd St, Miami, FL 33135
      View Details
    • $1,200,000

      Four-Unit Multifamily Property For Sale

      Four-unit property with residential and commercial spaces in upcoming area.
      1574 SW 1St St, Miami, FL 33135
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Updated Apartment Near Calle Ocho

      Bright, updated 2/1 apartment in a convenient Miami location.
      1630 SW 108Th St, Miami, FL 33135
      View Details
    • $1,900 /Mo

      Renovated Apartment in Central Miami

      Modern 1-bedroom apartment near Brickell and Little Havana.
      2489 SW 112Th St, Miami, FL 33135
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    • $2,200 /Mo

      Miami Multifamily Unit For Rent

      Two-bedroom unit near 27th Avenue and 8th Street available for rent.
      2661 SW 11Th St, Miami, FL 33135
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    • $1,600 /Mo

      Little Havana 1-Bedroom Apartment

      Apartment in Little Havana with water and parking included.
      1265 SW 44Th St, Miami, FL 33135
      View Details
    • $2,875 /Mo

      Centrally Located Duplex Rental

      2/1 duplex near shopping, restaurants, schools, and parks.
      2450 SW 5Th St, Miami, FL 33135
      View Details
    • $3,100 /Mo

      Renovated Duplex with Patio

      Renovated duplex featuring 3 bedrooms, 2 bathrooms, and a patio.
      3069 SW 7Th St, Miami, FL 33135
      View Details
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    1643 7Th St
    Miami, FL 33135
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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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