Property profile

1675 54th St Miami, FL 33142

OFF-MARKET
Turn key restaurants
Property ID
US18-5534456
1,136 SF 0.25 ac lot Built 1954
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,134 square foot single-tenant retail space, located at 1675 NW 54th Street in Miami, Florida (zip code 33142), presents a unique investment opportunity. Built in 1972, this one-story building sits on a 250-acre lot and boasts a 5.0 FAR. The property features ample parking with 20 spaces and is strategically located on a major east-west and north-south corridor in the Model City submarket, experiencing high daily traffic averaging 25,000 vehicles. Its convenient access from both 17th Avenue and NW 54th Street provides excellent visibility and accessibility. The property's zoning is T-6-8O. The location offers direct access to Hialeah, Allapattah, Little River, and Wynwood, placing it within a rapidly developing area with numerous new residential and commercial developments nearby. Property taxes are $2.58 per square foot. The building has a 10% load factor and is currently vacant. The APN is 0131220526530. This property is ideal for a restaurant or other special purpose retail use. The site previously housed the only Dairy Queen within a 10-mile radius. The property includes power.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Construction CONCRETE
Total area 1,136 SF
Lot 0.25 ac (10,800 SF)
Zoning code 6100:COMMERCIAL,NEIGHBRHD
APN 01-3122-052-6550
UPID US18-5534456

Cap rate & NOI

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

Location

1675 54th St Miami, FL 33142
Miami metro Census 1903 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2016
2 recorded transactions
2016
$300,000
2016
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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