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45 NE 36Th St Miami, FL 33137

Retail residential properties Google Maps
8,710 SF 0.11 ac lot Built 1934
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.68M
Range $1.51M – $1.84M (±10%)
Property ID US18-3181432

Property summary

AI-generated overview

This exceptional ground floor retail space, totaling 1,740 square feet, is situated in Miami's vibrant Midtown district at 45 NE 36th Street, Miami, FL 33137. Part of a larger two-story freestanding building encompassing 8,710 square feet on a 4,356 square foot lot, this property offers unparalleled visibility and accessibility. Located directly across from the Shops at Midtown Miami, it benefits from high foot traffic generated by major national retailers such as Target, West Elm, and Home Goods. The property includes 10 parking spaces in an adjacent lot, supplemented by ample overflow parking at nearby Midtown Garages. Its strategic corner location provides excellent street frontage on NE 36th Street. The property enjoys exceptional connectivity, with immediate access to Interstates 195 and 95, and Biscayne Boulevard, providing easy access to the Design District, Midtown, and Wynwood. This thriving area is experiencing significant growth, with numerous ongoing luxury residential and commercial developments. The available space is ideal for a variety of retail uses and presents a unique opportunity to establish a presence in one of Miami's most dynamic neighborhoods. The multiple tenancy building offers a strong sense of community and shared space.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1934
Construction CONCRETE
Total area 8,710 SF
Lot 0.11 ac (4,770 SF)
Zoning code 6110:COMM/RES-DESIGN DIST
APN 01-3124-026-0260
UPID US18-3181432

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Skin Care Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.38M
Blend (final) Blend
$1.68M

Owner & transaction history

since 2005
7 recorded transactions
2016
Price N/A
2009
Price N/A
2009
Price N/A
2005
$3.5M
2000
$486,600
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6110:COMM/RES-DESIGN DIST · 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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