Property profile & analytics
1801 Flagler St Miami, FL 33135-1914
- Outlet malls
- 3,780 SF
- 0.15 lot acres
OFF-MARKET
Last Sale
Oct 29, 2024
Oct 29, 2024
$1,125,000
Value Estimations
$1,000,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-4698338
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
- Mayasca / Physician / Medical Clinic
- A J Tours / Travel Agency
- Fast Food Services / Specialty Food Shop / Supermarket
Property Details for 1801 Flagler St
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 0.15 lot acres
- Property size
- 3,780 SF
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 01-4103-062-0010
- APU
- 141030620010
Description
This exceptional investment opportunity presents a 3,780-square-foot retail storefront located at 1801 W Flagler St, Miami, FL 33135. The property, built in 1974 and situated on a 6,728-square-foot lot, features five units with 80% occupancy. All tenants are on month-to-month (MTM) leases, presenting immediate upside potential for investors seeking to increase rental income. The building boasts excellent visibility and accessibility, enhanced by seven on-site parking spaces. A recent 40-year recertification was completed in 2024, ensuring long-term structural integrity. This corner freestanding building benefits from high daily traffic counts exceeding 20,000 vehicles. Located in Little Havana, a rapidly developing neighborhood, the property is less than two miles from Downtown Miami and enjoys proximity to major attractions. The area's strong demographics include a population of 333,477 within a three-mile radius. The property is zoned T6-8-O and offers a unique owner-user opportunity, allowing a buyer to occupy the space for their own business. This is a prime retail investment in a high-growth area of Miami. The asking price is $1,250,000, resulting in a price per square foot of $330.69.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,091,000
Market price range: $725k - $1.92M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,255,000 Current use
- MEDICAL BUILDING
- $1,660,000 Change: +32% Conversion: Difficult
- OFFICE BUILDING
- $1,385,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,125,000 Change: -11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,075,000 Change: -14% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2251
- Latitude
- 25.773
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,129
$672,800
$179,321
$852,121
-
$672,800
$179,321
$852,121
