Financial
Distress signals
Property profile

28 W Flagler St Miami, FL 33130

FOR LEASE
Office buildings
Property ID
US18-2589974
85,090 SF 0.15 ac lot Built 1968
Last sale Dec 2010 · $2,500,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a street-level retail storefront suite with an open, raw interior layout intended to allow flexible buildout. It features large storefront windows that provide natural light and street-facing visibility suitable for customer-oriented uses, including retail and showroom configurations. The space is located at 28 W Flagler Street #102 in Downtown Miami, directly across from the Miami-Dade County Courthouse, within a downtown area that includes transit, offices, and government facilities.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$157k
Tax billed · 2023
Assessed value$7.50M
Assessed land$4.45M
Assessed improvement$3.05M
Effective rate2.09%

Value estimate

· Sep 2026
$885k
$797k – $974k
CAP approach$40.06M
Sales comparison$34.16M
NOI build-up
Gross scheduled income$3.37M
Vacancy & credit loss−$505k
Operating expenses−$715k
NOI · 11,296,836.84% cap applied$2.15M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$655/SF
ZIP average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$401 – $1,097
Qualifying comparables4

Cap rate analysis

How does the asset earn?
11,296,836.84%
$2.15M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6401:COMMERCIAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic10.4
Laundromat10.4
Nursing Home10.0

Location

28 W Flagler St Miami, FL 33130
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
268 8th, Miami, FL 33130 $15,500,000 Apr 2025 16,815 SF
1399 1st, Miami, FL 33130-4327 $31,750,000 Dec 2024 48,639 SF
120 8th, Miami, FL 33130-3510 $58,000,000 Jun 2022 12,971 SF
44 Flagler, Miami, FL 33130-1808 $28,350,000 May 2022 176,292 SF
150 Flagler, Miami, FL 33130-1536 $64,579,500 Oct 2019 392,348 SF
829 1st, Miami, FL 33130-3005 $117,250,000 Oct 2018 451,993 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
5 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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