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    272 NW 58Th St Miami, FL 33127
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    272 NW 58Th St Miami, FL 33127

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    • Duplexes
    • 1,760 SF
    For Sale
    $1,190,000
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    Renovated Detached Duplex in Miami For Sale
    $1,190,000
    1,760 SF

    Renovated Detached Duplex in Miami

    Two renovated homes on one lot, ideal for investors.

    272 NW 58th St, Miami, FL 33127
    View Listing
    Property ID
    US18-8555468
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Duplexes

    Property Details for 272 NW 58Th St

    Year built
    1963
    Property size
    1,760 SF
    Property type
    Duplexes

    Description

    DETACHED DUPLEX! 2 houses on the same territory at a bargain! Great for investors or owner-occupants who want rental income. Both houses completely renovated in 2024:new roof, new kitchen with quartz countertops & windows. Each house has its laundry room. The buildings are detached homes with a separate entrance appealing to single or 2 families, separated by a modern fence 6ft high. Low maintenance, impressive finishes. HEADACHE-FREE AND EASY TO MANAGE The duplex is located within an opportunity zone. Proximity to Magic city, Design District, Wynwood, and Edgewater. The property has already been leased for a long time, the deal includes the assignment of lease rights. You receive a refund immediately. DO NOT DISTURB THE TENANTS.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.201584
    Latitude
    25.828547

    Comparable in this City

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      1,629 SF

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      Renovated duplex in Wynwood, great investment or development opportunity.
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    • $900,000
      1,576 SF

      Remodeled Duplex in Wynwood

      Turn-key duplex, ideal for investors, near Wynwood and Midtown.
      241 NW 34Th Ter, Miami, FL 33127
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    • Contact for pricing
      13,028 SF

      Miami New Construction Investment Opportunity

      New construction duplex near Wynwood with strong rental income potential.
      5130 NW 5Th Ave, Miami, FL 33127
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    • Contact for pricing
      2,240 SF

      New Construction Super Duplex Investment

      New construction duplex with two 3-bed, 2-bath units.
      190 NW 57Th St, Miami, FL 33127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,629 SF

      Wynwood Duplex Investment Opportunity

      Renovated duplex in Wynwood, great investment or development opportunity.
      301 NW 34Th St, Miami, FL 33127
      View Details
    • $900,000
      1,576 SF

      Remodeled Duplex in Wynwood

      Turn-key duplex, ideal for investors, near Wynwood and Midtown.
      241 NW 34Th Ter, Miami, FL 33127
      View Details
    • Contact for pricing
      13,028 SF

      Miami New Construction Investment Opportunity

      New construction duplex near Wynwood with strong rental income potential.
      5130 NW 5Th Ave, Miami, FL 33127
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      New Duplex Unit For Rent

      New 3-bedroom duplex unit with private backyard and parking.
      5431 NW 5Th Ave, Miami, FL 33127
      View Details
    • $12 SF/Yr

      Upgraded Duplex Unit in Miami

      Beautiful, upgraded 2 bed, 1 bath duplex near Miami hotspots.
      5037 NW 5Th Ave, Miami, FL 33127
      View Details
    • $3,500 /Mo

      New Two-Story Home For Rent

      Brand new two-story home with backyard, washer, and dryer.
      5433 NW 5Th Ave, Miami, FL 33127
      View Details
    View Listing
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    272 NW 58Th St
    Miami, FL 33127
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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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