Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61 52Nd St Miami, FL 33127

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7873748
    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

    • Small apartment buildings

    Property Details for 61 52Nd St

    Year built
    1926
    Property type
    Small apartment buildings

    Description

    This 1-story, 1926-built duplex in Miami, FL (61 NW 52nd St, 33127) presents a compelling investment opportunity. Currently fully leased, generating a monthly income of $7,050, this property offers significant upside potential for increased revenue. Situated in Miami-Dade County, the property's prime location contributes to its strong rental demand. The building is classified as a multifamily property, specifically an apartment building categorized as a duplex/triplex/quadplex. The asking price is $980,000. Given its age and current income stream, this property represents a solid foundation for building a portfolio or adding to an existing one. Prospective buyers should note that showings require 48 hours' notice and proof of funds. The property's single-story design simplifies maintenance and management. Its location in a desirable Miami neighborhood ensures consistent tenant occupancy and strong rental rates. This is an excellent opportunity for investors seeking a stable, income-generating asset in a thriving market. Serious inquiries only. Please allow 48 hours for scheduling showings and be prepared to provide proof of funds.

    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
    -80.1964419
    Latitude
    25.8221694

    Comparable in this City

    • $1,900,000

      Miami Multifamily Investment Opportunity

      Four-unit building, fully furnished, prime location.
      1044 29Th St, Miami, FL 33127
      View Details
    • $720,000

      JEWELL HEIGHTS: Miami Duplex Investment

      Prime Wynwood Duplex, High Returns
      1020 33Rd St, Miami, FL 33127
      View Details
    • $1,400,000
      2,240 SF

      Miami Duplex: Prime Investment

      Luxury Duplex, High Cap Rate, Miami
      190 57Th St, Miami, FL 33127
      View Details
    • $1,900,000

      Miami Multifamily Investment Opportunity

      Four-unit building, fully furnished, Wynwood proximity.
      1054 29Th St, Miami, FL 33127
      View Details
    • $610,000
      2,095 SF

      Miami Duplex: Allapattah Investment

      Prime Allapattah location, 2-unit duplex, high rental potential.
      3101-03 9Th Ave, Miami, FL 33127
      View Details
    • $2,200,000
      4,484 SF

      Miami Duplex: Prime Wynwood Investment

      Luxury 10-unit duplex near Wynwood.
      1052 27Th St, Miami, FL 33127
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Miami Multifamily Investment Opportunity

      Four-unit building, fully furnished, Wynwood proximity.
      1054 29Th St, Miami, FL 33127
      View Details
    • $1,400,000
      2,240 SF

      Miami Duplex: Prime Investment

      Luxury Duplex, High Cap Rate, Miami
      190 57Th St, Miami, FL 33127
      View Details
    • $720,000

      JEWELL HEIGHTS: Miami Duplex Investment

      Prime Wynwood Duplex, High Returns
      1020 33Rd St, Miami, FL 33127
      View Details
    • $1,900,000

      Miami Multifamily Investment Opportunity

      Four-unit building, fully furnished, prime location.
      1044 29Th St, Miami, FL 33127
      View Details
    • $1,140,000

      Miami Duplex: Prime Investment Opportunity

      Renovated Duplex, High ROI Potential, Leased
      272 58Th St, Miami, FL 33127
      View Details
    • $1,300,000

      Miami Duplex - Prime Location

      Updated 2-unit duplex near Design District
      5037-5035 5Th Ave, Miami, FL 33127
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Wynwood Studio Apartment For Rent

      Cozy, remodeled studio apartment in the heart of Wynwood.
      2601 NW 1St Ave, Miami, FL 33127
      View Details
    • $2,300 /Mo

      Updated Apartment with Washer & Dryer

      Cozy 2/1 apartment with in-unit laundry, Section 8 welcome.
      1071 NW 34Th St, Miami, FL 33127
      View Details
    • $1,600 /Mo

      Remodeled Apartment Near Wynwood

      Recently renovated 1 bed, 1 bath apartment in Miami.
      5801 NW 1St Ave, Miami, FL 33127
      View Details
    • $2,000 /Mo

      Wynwood Norte Apartment For Rent

      Cozy 2-bedroom apartment in Wynwood Norte, modern kitchen.
      227 NW 34Th St, Miami, FL 33127
      View Details
    • $3,000 /Mo

      Renovated Apartment with Modern Amenities

      Spacious 3 bed, 2 bath apartment near Design District.
      4950 N Miami Ave, Miami, FL 33127
      View Details
    • $2,500 /Mo

      Centrally Located Two Bedroom Apartment

      Stylish, spacious apartment near Wynwood, Bayside, and South Beach.
      1132 NW 38Th St, Miami, FL 33127
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61 52Nd St
    Miami, FL 33127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.