Individually Owned 
For Sale
1 / 5
Property summary
This exceptional commercial land opportunity presents a 7,000 sq ft lot with a 1,845 sq ft, single-story building constructed in 1931. Located at 727 West Flagler Street in Miami, Florida (zip code 33130), this property boasts a prime location in Miami's vibrant urban core. Currently vacant, the property offers significant value-add potential. The existing building, zoned T6-12-O-URBAN CORE ZONE, allows for construction up to 12 stories (with adjacent property assembly). The asking price is… $1,899,000, representing a price per square foot of $1,029.27. The property features a current NOI of $45,329 and a pro-forma NOI of $64,529, resulting in a current cap rate of 2.39% and a pro-forma cap rate of 3.40%. The property's historic charm and strategic positioning offer excellent visibility and accessibility. Its versatility makes it suitable for various commercial ventures, including retail or office use. The large lot size provides ample space for expansion or redevelopment. This is an ideal investment opportunity for those seeking a high-return property in a rapidly growing area. The property's location offers proximity to numerous urban amenities and attractions. The building's distinctive character and architectural features add to its appeal. This is a rare chance to acquire a piece of Miami's history with significant future development potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included 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 · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
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
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,845 SF
- Lot area
- 0.16 ac
- Year built
- 1931
- Stories
- 1
- APN
- 01-0200-080-1170
- Zoning
- 6110:COMM/RES-DESIGN DIST
- Assessed value · 2023
- $1,412,879
- Annual tax · 2023
- $12,390
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $12,390
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
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 signals that 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
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
