1876 7th St Miami, FL 33125-3504
Property Lookup
Property profile & analytics
1876 7th St Miami, FL 33125-3504
- Office buildings
- 11,967 SF
- 0.80 lot acres
Property ID
US18-6545116
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.
Location Intelligence
Current Use by Public Records
- Integrated Security Systems / Security Service
- Convergint / Security Service
Property Details for 1876 7th St
- Year built
- 2015
- Construction
- CONCRETE
- Lot size
- 0.80 lot acres
- Property size
- 11,967 SF
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Office buildings
- APN
- 01-4103-006-0250
- APU
- 141030060250
Description
This exceptional redevelopment opportunity encompasses three contiguous properties totaling 49,000 square feet in Miami's vibrant Little Havana neighborhood. The site currently includes a mix of office and multi-family buildings, offering immediate income streams. One office building (18,000 sq ft) is under a NNN lease with a security company until 2027, generating approximately $624,000 in annual income. A second office building (4,000 sq ft) is vacant, presenting potential for additional rental income. A third building is a fully leased triplex generating approximately $49,000 annually. The properties are zoned T6-8-O, permitting the construction of a multi-family building up to eight stories high, with a maximum of 168 units. A land use attorney has indicated a high likelihood of exceeding this unit count. The current NOI is $673,000, with a pro-forma NOI of $793,000, reflecting a current cap rate of 6.75% and a pro-forma cap rate of 7.95%. The property boasts 92% occupancy across 168 units spread across three buildings and eight stories. The asking price is $9,975,000, with seller financing available to qualified buyers. The strategic location, less than a mile from the 836 Expressway and a short drive from Miami International Airport, positions this development for significant future growth within a submarket experiencing continuous rental growth and low vacancy rates. The land value is $204 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,105,000
- 6.5%
- $5,635,000
- 7%
- $5,230,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,541,000
- AI Estimate
- $3,461,000
Market price range: $3.33M - $7.54MMarket price range: $848k - $3.46M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $5,575,000 Current use
- RESTAURANT
- $8,875,000 Change: +59% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $7,825,000 Change: +40% Conversion: Difficult
- RETAIL STORES
- $6,845,000 Change: +23% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $6,110,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $5,255,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2259
- Latitude
- 25.7796
- 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
$91,417
$3,500,000
$2,118,026
$5,618,026
-
$3,500,000
$2,118,026
$5,618,026
