637 Flagler St Miami, FL 33130-1201
Property profile & analytics
637 Flagler St, Miami, FL 33130-1201
- Hotels
- 15,420 SF
- 0.16 lot acres
Property ID
US18-3507327
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.
Location Intelligence
Current Use by Public Records
- Hotels
Property Details for 637 Flagler St
- Year built
- 1925
- Construction
- CONCRETE
- Lot size
- 0.16 lot acres
- Zone code
- 6110:COMM/RES-DESIGN DIST
- Property type
- Hotels
- APN
- 01-0200-090-1200
- APU
- 102000901200
Description
This exceptional Miami property presents a unique investment opportunity encompassing two buildings on a 15,000 sq ft lot at 637/627 W Flagler St, Miami, FL 33128. Currently operating as a 55-key hotel with 55 units, this mixed-use asset offers significant upside potential. Built in 1929, the two-story structures sit on a substantial lot, zoned T6-12-0, allowing for the development of up to 100 residential units. The property's prime location, just one block from the Miami River and close to Brickell Avenue, ensures high visibility and strong rental demand. The asking price is $6,000,000. This presents a rare chance to acquire a well-positioned hospitality asset with substantial redevelopment potential in a thriving Miami market. The existing hotel infrastructure provides immediate cash flow, while the zoning regulations unlock significant future development possibilities. Investors seeking a blend of immediate return and long-term growth will find this property particularly attractive. The substantial lot size and favorable zoning make this an ideal candidate for a high-density residential project, capitalizing on the area's robust real estate market. This is a truly exceptional opportunity to acquire a significant piece of Miami real estate with multiple avenues for profitable investment.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,935,000
- 6.5%
- $1,785,000
- 7%
- $1,655,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2052
- Latitude
- 25.7741
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,031
$1,399,200
$571,944
$1,971,144
-
$1,399,200
$571,944
$1,971,144
