648 South Dr Miami Springs, FL 33166
This exceptional 1,848-square-foot office building presents a unique owner-user opportunity in Miami Springs, Florida. Located at 648 South Dr, 33166, this single-story, 1946-built structure sits on a 9,656-square-foot lot zoned 6100 COMMERCIAL - NEIGHBORHOOD. Currently vacant, the property offers immediate occupancy for a variety of businesses, including architectural, legal, engineering, real estate, or insurance firms. The building features impact windows, a tile roof in good condition (no leaks reported), and original hardwood floors requiring refurbishment. The asking price is $950,000, translating to $514.07 per square foot. This represents a compelling investment opportunity, allowing for immediate occupancy and future redevelopment potential within the Northwest 36th Street District. Its convenient location offers proximity to Miami Freedom Park and Miami International Airport. The property is ideal for a business seeking to build equity and escape the costs of renting. This is a rare chance to acquire a well-located, versatile commercial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.