North Miami Beach, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in North Miami Beach, Florida Market population: 44K. Compare commercial properties across all major asset...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For North Miami Beach FL Properties: 1.4500%

📊 Average Income For North Miami Beach FL Commercial Property: $43,691

Investor Questions For North Miami Beach FL

Common questions from investors exploring commercial real estate in North Miami Beach FL.

What's the overall investment potential of North Miami Beach, FL, considering its demographics and economy? +

North Miami Beach, FL, with a population of 43,691 and a median age of 38.4, presents a diverse market with top industries in Retail Trade, Accommodation & Food Services, and Healthcare & Social Assistance, suggesting a stable employment base. The city's 19.1% poverty rate, combined with an 81.2% health insurance coverage, indicates a working-class market with some employment stability. Additionally, the 32.4-minute average commute time and reliance on public transit suggest solid infrastructure for renters.

How does the ethnic diversity and foreign-born rate impact the real estate market in North Miami Beach? +

The ethnic diversity, with top ethnicities being White (29.1%), Black (27.3%), and Hispanic (25.5%), and a high foreign-born rate of 51.2%, contributes to a culturally rich and potentially resilient market. This diversity, coupled with a median household income of $43,691 and a GINI coefficient of 0.459, suggests a market with a mix of economic backgrounds, which can lead to a stable demand for housing. The diversity also supports the growth of industries like Retail Trade and Accommodation & Food Services.

What are the key factors influencing the quality of life for residents and, by extension, the attractiveness of North Miami Beach to real estate investors? +

The quality of life in North Miami Beach is significantly influenced by its average commute time of 32.4 minutes, which is relatively manageable, and the high health insurance coverage rate of 81.2%, indicating access to healthcare. These factors, along with a homeownership rate of 56.2% and a median property value of $194,800, suggest a stable and potentially attractive market for investors looking for a balance between property values and quality of life for tenants.

How do the top industries in North Miami Beach impact the demand for rental properties and the overall real estate investment landscape? +

The top industries, including Retail Trade, Accommodation & Food Services, and Healthcare & Social Assistance, contribute to a steady demand for rental properties, as these sectors often employ individuals who rent. This demand, combined with the city's relatively high poverty rate of 19.1% and a significant portion of the population relying on public transit, suggests that affordable and conveniently located rental properties could be particularly attractive. The median property taxes of $4,456 and the median property value of $194,800 also play into the calculation for potential rental yields.

What insights can be gleaned from the city's poverty rate, health insurance coverage, and commute times for assessing tenant quality and market stability? +

The 19.1% poverty rate, when considered alongside the 81.2% health insurance coverage, suggests a market where many residents have access to employment and healthcare, despite economic challenges. The average commute time of 32.4 minutes, with a significant portion of the population driving alone or using public transit, indicates a functional infrastructure that supports employment and daily life. These factors together suggest a relatively stable market with tenants who value accessibility and affordability, making it an interesting consideration for real estate investors focusing on rental properties.

North Miami Beach FL Real Estate & City Facts

Key facts and real estate information about North Miami Beach FL.

What are some of the best neighborhoods to live in North Miami Beach? +

Some of the best neighborhoods to live in North Miami Beach include Eastern Shores, Biscayne Park, and Highland Village. These areas offer a dynamic yet tight-knit community vibe, with beautiful ocean views and clean surroundings. However, it's worth noting that each neighborhood has its own unique character, so it's worth exploring to find the one that best fits your lifestyle and preferences.

What are some fun things to do in North Miami Beach? +

There are plenty of fun things to do in North Miami Beach, including visiting the Ancient Spanish Monastery, exploring the Oleta River State Park, and enjoying the city's eclectic dining and shopping scene. You can also check out the Miami Beach Bandshell, North Shore Park & Youth Center, and Normandy Shores Golf Club for some outdoor activities. Additionally, the city hosts various events and festivals throughout the year, so be sure to check the local calendar to catch something that interests you.

What is the food scene like in North Miami Beach? +

The food scene in North Miami Beach is diverse and vibrant, with a wide range of restaurants serving everything from Filipino and Vietnamese to Chinese, Korean, and Italian cuisine. Some popular spots include Houston's, Mizumi Buffet & Sushi, and Ginza Japanese Buffet. There are also plenty of great food trucks and casual eateries to grab a quick bite. Whether you're in the mood for something fancy or laid-back, you'll find plenty of options to suit your taste and budget.

What are the pros and cons of living in North Miami Beach? +

The pros of living in North Miami Beach include its beautiful beaches, vibrant cultural scene, and diverse community. However, some cons to consider include the city's high cost of living, traffic congestion, and limited parking options. Additionally, some areas of the city can be quite crowded and noisy, especially during peak tourist season. Overall, it's worth weighing the pros and cons carefully to decide if North Miami Beach is the right fit for you.

Is North Miami Beach a good place to live? +

North Miami Beach can be a great place to live, depending on your individual preferences and priorities. The city offers a unique blend of urban and coastal living, with plenty of opportunities for outdoor recreation, cultural enrichment, and socializing. However, it's not without its challenges, including a high cost of living and traffic congestion. If you're looking for a vibrant and diverse community with plenty of amenities and activities, North Miami Beach might be an excellent choice. But if you're on a tight budget or prefer a more laid-back pace of life, you might want to consider other options.

North Miami Beach, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For North Miami Beach FL Properties: 1.4500%

📊 Average Income For North Miami Beach FL Commercial Property: $43,691

Investor Questions For North Miami Beach FL

North Miami Beach FL Real Estate & City Facts

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