Auto Repair Shop with Commercial
For Sale
$1,350,000
11070 NW 17th Ave, Miami, FL 33167
Commercial Sale, Miami, FL
Property Size4,040 SF
Lot Size0.41 Acres
Price / SF$334.16
Days on Market23
Property Features for 11070 NW 17th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6400
Parking
15
Parking features
Assigned
Directions
GOOGLE MAP . 111 ST AND 17 AVE (Corner)
Subdivision
21
Standard status
Active
APN
30-21-34-008-0010
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
34 52 41 STARCK PROPERTIES PB 44-96 LOT 1 & LOT 15 BLK 1 LOT SIZE 17680 SQUARE FEET OR 18772-4254 0999 1
Tax Annual Amount
8123
Legal Description
34 52 41 STARCK PROPERTIES PB 44-96 LOT 1 & LOT 15 BLK 1 LOT SIZE 17680 SQUARE FEET OR 18772-4254 0999 1
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1946
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Maria Lorena Gonzalez · License #3137562
(305) 305-3508
Added: Aug 19
Changed: Sep 4
Last Checked: Sep 10 at 2:06PM
MLS# A11881642
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property includes a 4,040-square-foot building on a 0.4059-acre site, with the property and an established operating auto repair business offered together. The building was constructed in 1946 with block construction, concrete flooring, a shingle roof, central heating, and a combination of central and wall or window cooling. Assigned parking is provided, and the property is connected to public water and a sewer line that was recently installed.
The site is positioned near I-95 and Gratigny 119 St in Miami-Dade County. Commercial zoning is identified in the property information. The existing configuration is suited to automotive service, with additional uses referenced for consideration including car sales, boat repair and service, machine work, and automobile or truck repair.
The site is positioned near I-95 and Gratigny 119 St in Miami-Dade County. Commercial zoning is identified in the property information. The existing configuration is suited to automotive service, with additional uses referenced for consideration including car sales, boat repair and service, machine work, and automobile or truck repair.
Key Highlights
- 4,040 SF building on a 0.4059‑acre lot
- Established operating auto repair business included with the property
- Near I‑95 and Gratigny 119 St
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,276
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,520
$1.1M
Cap Rate 7%
$775,371
$775.4K
Cap Rate 9%
$603,067
$603.1K
Market Conditions
NOI Build-Up for 4,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.4K $20.16/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$77.5K $19.19/SF
− OpEx
−$23.3K −$5.76/SF
NOI
$54.3K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,085,520
Cap Rate 7%
$775,371
Cap Rate 9%
$603,067
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,808 @ 7.0% cap · market cap 9.76%
Second Best
Industrial
$775.4K
$678.5K – $904.6K
NOI $54,276 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,892 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33167, FL
19,142
Population
6,978
Households
2.7
Avg Household Size
40
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$59,494
Median Household Income
$31,555
Median Earnings
$1,345
Median Rent
$341,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Auto shop - Established auto repair operation on a commercial corner property near I-95 and Gratigny 119 St.
Where is this auto shop located?
The property is located at 11070 NW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,040 SF building on a 0.4059‑acre lot; Established operating auto repair business included with the property; Near I‑95 and Gratigny 119 St
