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Property profile & analytics
OFF-MARKET Estimated value $925,000
Outlet malls

823 125th St North Miami, FL 33161-5711

3,500 SF 0.12 ac lot Built 1985
Entity Owned 24-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5513833
Property summary
AI-generated overview

The Taft Retail Center presents a unique opportunity for retail businesses seeking a well-established presence in a thriving area. This single-story, 21,600 square foot shopping center, constructed of concrete block and stucco, offers a versatile space ideal for a variety of retail concepts. Built in 1948 with renovations completed in 1985, the property is in good condition and boasts a rectangular footprint. Currently, 2,000 square feet of retail space is immediately available, divisible into units as small as 750 square feet, with a maximum contiguous space of 2,000 square feet. All utilities are readily accessible. The center's convenient location and established presence make it an attractive option for businesses seeking high visibility and foot traffic. This is an excellent opportunity to secure a space in a well-maintained, functional retail center with a proven track record. The property's solid construction and readily available utilities ensure a smooth and efficient operation for any tenant. The flexible space options cater to a wide range of business needs, making it an ideal location for both established businesses and new ventures.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1985
Construction CONCRETE
Total area 3,500 SF
Lot 0.12 ac (5,400 SF)
Zoning code 6000:COMMERCIAL,GENERAL
APN 06-2230-007-1210
UPID US18-5513833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$925k
Owner & transaction history
Taft Realty Group INC · 24 yrs held
Taft Realty Group INC
since 2002
3 recorded transactions
2002
$920,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.5M +68.2%
Office building $1.1M +24.8%
Warehouse, storage $1.0M +13.8%
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