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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7635 Dickens Ave Miami Beach, FL 33141

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2395517
    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

    • Commercial real estate

    Property Details for 7635 Dickens Ave

    Year built
    1946
    Property type
    Commercial real estate

    Description

    This exceptional 8-unit multifamily property presents a compelling investment opportunity in the desirable Miami Beach, Florida market. Located at 7635 Dickens Ave, zip code 33141, this two-story building, constructed in 1946, offers a strong foundation for immediate income generation and long-term appreciation. The property boasts a total of eight units, each a one-bedroom apartment with unique floor plans, catering to a diverse range of tenants. Its prime location offers unparalleled convenience and desirability. Situated just blocks from the iconic Bandshell and the serene North Beach Oceanside Park to the east, and Biscayne Point to the west, this property benefits from high visibility and proximity to key attractions. This translates to consistently high rental demand and significant potential for future value growth. The asking price for this exceptional investment is $1,995,000. This multifamily building represents a rare chance to acquire a well-positioned asset in one of Miami Beach's most sought-after neighborhoods. The property's strong fundamentals, coupled with its strategic location, make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

    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 Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1252409
    Latitude
    25.8618133

    Comparable in this City

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      Prime location, renovated, 2 units
      8109 Harding Ave, Miami Beach, FL 33141
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      Miami Beach Multifamily Investment Opportunity

      20-unit multifamily property in North Beach, one block from beach.
      7300 Harding Ave, Miami Beach, FL 33141
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      Normandy Isles Value-Add Quadplex

      Quadplex in Normandy Isles, a short walk to the beach.
      1797 Marseille Dr, Miami Beach, FL 33141
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    Similar Nearby for Sale

    • $21,000,000
      19,778 SF

      Route 33 Retail Center Opportunity

      Prime Retail Land, High Traffic Area
      6300 Collins Ave, Miami Beach, FL 33141
      View Details
    • $1,750,000
      3,707 SF

      Miami Beach Multifamily Investment

      Four-unit renovated apartment building, high ROI.
      7320 Carlyle Ave, Miami Beach, FL 33141
      View Details
    • $17,700,000
      32,532 SF

      Luxury Miami Beach Townhomes

      10 Units, Waterfront, Newly Renovated
      1975 Calais Dr, Miami Beach, FL 33141
      View Details
    • $2,590,000

      Miami Beach Duplex Investment

      Prime location, renovated, 2 units
      8109 Harding Ave, Miami Beach, FL 33141
      View Details
    • $5,000,000

      Miami Beach Multifamily Investment Opportunity

      20-unit multifamily property in North Beach, one block from beach.
      7300 Harding Ave, Miami Beach, FL 33141
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    • $1,575,000

      Normandy Isles Value-Add Quadplex

      Quadplex in Normandy Isles, a short walk to the beach.
      1797 Marseille Dr, Miami Beach, FL 33141
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo

      Renovated One-Bedroom Apartment in Miami Beach

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      Renovated 1-bedroom apartment in Miami Beach, near restaurants.
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      Furnished Studio Near Miami Beach

      Furnished studio with utilities included, near the ocean.
      6300 Collins Ave, Miami Beach, FL 33141
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    • $1,600 /Mo

      Miami Beach Apartment for Rent

      One bedroom, one bath apartment near Normandy Isles Park.
      1794 Normandy Dr, Miami Beach, FL 33141
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    • $1,750 /Mo

      Renovated One-Bedroom in Miami Beach

      Newly renovated one-bedroom apartment in the heart of North Beach.
      7600 Dickens Ave, Miami Beach, FL 33141
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    • $2,500 /Mo

      Remodeled Residence with Natural Light

      Bright, remodeled residence in a desirable area, modern kitchen.
      1198 Marseille Dr, Miami Beach, FL 33141
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    7635 Dickens Ave
    Miami Beach, FL 33141
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    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
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