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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    458 9Th St Miami, FL 33130

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4077195
    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

    • Miami Charters Unlimited - The best in Yacht Rentals, and Boat Charters / Boat Rental Service

    Property Details for 458 9Th St

    Year built
    1972
    Property type
    Commercial real estate

    Description

    This exceptional 8-unit multifamily building presents a compelling investment opportunity in the vibrant Southeast Little Havana neighborhood of Miami, Florida. Located at 458 SW 9th Street, 33130, this Class C property, built in 1972, offers a blend of renovated and original units, ensuring strong rental income. The building comprises five two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units, all currently fully occupied. Five of the two-bedroom units boast private balconies, enhancing their appeal. Convenient on-site amenities include assigned parking (one space per unit, plus one guest space), supplemented by ample street parking, and a coin-operated laundry facility. Four units have undergone recent renovations, bringing their rental rates closer to current market values. The property has successfully completed the 50-year recertification process, providing peace of mind for investors. Its central location offers easy access to Brickell, supermarkets, restaurants, and public transportation, making it highly attractive to tenants. The asking price for this income-generating asset is $2,700,000. This is a rare opportunity to acquire a well-maintained, centrally located multifamily property in a rapidly growing Miami neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2019374
    Latitude
    25.7649894

    Comparable in this City

    • $18,000,000
      79,487 SF

      Havana River Assemblage: Miami Development Site

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    • $1,195,000
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      Little Havana Multifamily Investment

      Renovated Fourplex, High Income Potential
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    • $1,899,999
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      Renovated Multifamily Investment Opportunity

      Fully renovated 6-unit multifamily in Little Havana with strong income.
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    • $2,200,000
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      Renovated Multifamily in Little Havana

      Fully renovated 6-unit multifamily property in Little Havana.
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    • $949,000

      Two Detached Homes in Miami

      Two updated homes on a 7,000 sq ft lot.
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    • $2,500,000

      Remodeled Multifamily Property in Little Havana

      Fully remodeled 6-unit property in Little Havana, generating immediate cashflow.
      1131 SW 7Th St, Miami, FL 33130
      View Details

    Similar Nearby for Sale

    • $18,000,000
      79,487 SF

      Havana River Assemblage: Miami Development Site

      1.82-acre mixed-use development opportunity
      606 Flagler St, Miami, FL 33130
      View Details
    • $1,195,000
      2,752 SF

      Little Havana Multifamily Investment

      Renovated Fourplex, High Income Potential
      236 10Th Ave, Miami, FL 33130
      View Details
    • $1,899,999
      0.13 Acres

      Renovated Multifamily Investment Opportunity

      Fully renovated 6-unit multifamily in Little Havana with strong income.
      500 SW 8Th Ave, Miami, FL 33130
      View Details
    • $2,200,000
      0.13 Acres

      Renovated Multifamily in Little Havana

      Fully renovated 6-unit multifamily property in Little Havana.
      Miami, FL 33130
      View Details
    • $949,000

      Two Detached Homes in Miami

      Two updated homes on a 7,000 sq ft lot.
      929 SW 12Th Ave, Miami, FL 33130
      View Details
    • $2,500,000

      Remodeled Multifamily Property in Little Havana

      Fully remodeled 6-unit property in Little Havana, generating immediate cashflow.
      1131 SW 7Th St, Miami, FL 33130
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,798 SF

      Mixed-Use Retail and Residential Complex

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      Remodeled Apartment in Little Havana

      Remodeled 2-bedroom, 1-bath apartment in Little Havana for rent.
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      Little Havana Multifamily Unit ForRent

      Remodeled unit in Little Havana, close to amenities and transportation.
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      Stylish Triplex Unit for Rent

      Modern 2-bedroom, 2-bath unit with new finishes and appliances.
      129 SW 9Th Ave, Miami, FL 33130
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    • $2,000 /Mo

      Remodeled Fourplex in Little Havana

      Studio unit in a luxury, resort-style remodeled fourplex.
      740 SW 92Nd St, Miami, FL 33130
      View Details
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    458 9Th St
    Miami, FL 33130
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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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