Property summary
This 12-unit apartment building in Miami, FL, presents a compelling redevelopment opportunity. The property, located at 505 NE 82nd St, 33138, boasts 7,494 square feet on a 17,238 square foot lot. All twelve units are identical one-bedroom, one-bathroom apartments, recently renovated in 2020. Currently operating at 100% occupancy, the property generates a pro-forma NOI of $165,700, representing a 5.95% pro-forma cap rate at an asking price of $2,785,500. The building's C-class designation… and 1947 construction date, coupled with the 2020 renovations, offer a solid foundation for future growth. Importantly, the property is zoned T-6-8-0, permitting mixed-use development. This zoning, combined with its Transit-Oriented Development (TOD) designation and proximity to 7950 NE Bayshore Court (allowing for up to 21 stories under the Live Local Act), unlocks significant potential. The TOD designation eliminates parking requirements, while the zoning allows for the construction of up to 61 apartments, with a possible 10% bonus, plus commercial space. This translates to a substantial increase in density and potential revenue streams. The current price per unit is $232,125, and the land value is $174 per square foot. This property represents a strategically located long-term development play with significant upside potential in a rapidly growing Miami neighborhood. The property is conveniently located near public transit, I-95, the beach, and the Design District. A new roof is currently being installed.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,494 SF
- Year built
- 1947
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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