Miami Mixed-Use Commercial
4699 NW 27th Ave, Miami, FL 33142
Mixed Use - Miami, FL
Type:Mixed Use
Property size:
1,988 SFLot size:
0.08 AcresPrice / SF:
$450/SF- Added:
- May 17, 2026
- Days on Market:
- 43
- Last Refresh:
- Jun 28 at 9:06 am
Property Features for 4699 NW 27th Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- 6051
- Parking
- 6
- Parking features
- Guest
- Standard status
- Active
- APN
- 30-31-22-002-0110
- Size
- 1,988 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4724
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing agent Jenny Forth (754) 284-6085
Listing office Keller Williams Elite Properties 21500 Biscayne Blvd STE 201, Aventura, FL (305) 931-2224
Listing date May 17, 2026
MLS# A11966622
Listing URL
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.
HighLights
- High‑traffic location on NW 27th Avenue with strong visibility and accessibility via Metrorail.
- Tenant‑occupied with long‑term tenant paying $4,600/month, presenting immediate income.
- Zoning allows for a variety of commercial uses (retail, restaurant, office, etc.).
- Potential for income diversification by dividing the building into two separate retail spaces.
- Opportunity for rent increase and potential for vertical expansion (second floor).
- Multiple on‑site parking spaces with potential for additional parking expansion.
Overview
Located on NW 27th Avenue in Miami, this commercial property is situated within the Wilson Estate subdivision. The property includes a 1-story building with approximately 1,988 square feet on a 3,600 square foot lot. The current primary land use is Store/Retail Outlet/Warehouse. The zoning is 6051 UCH Mixed Use Corridor (MC4 Max Height). The building features two interior restrooms positioned on opposite sides, providing flexibility for potential division into two separate retail spaces, offering income diversification potential. The property is currently tenant-occupied with a long-term tenant paying $4,600 per month. The rent has not been increased in several years, presenting upside potential. Located on a high-traffic main corridor with strong visibility, NW 27th Avenue features multiple lanes in both directions and is serviced by the Metrorail line, enhancing exposure and accessibility. Multiple on-site parking spaces are available. Additional parking expansion may be possible by converting the side grass area to concrete, subject to buyer verification. Zoning permits a variety of uses including retail, auto parts, restaurant/food service, professional office, and similar commercial applications, subject to buyer verification with the city. The city may allow installation of storefront windows along the street-facing façade, subject to buyer verification. There is potential for vertical expansion (second floor), subject to city approval. The property is equipped with a surveillance camera system.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.3k | $51.96 |
| − Vacancy | −$10.6k | −$5.35 |
| EGI | $92.7k | $46.61 |
| − OpEx | −$27.8k | −$13.98 |
| NOI | $64.9k | $32.63 |
1,988 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$926.6K
$810.8K – $1.08M
NOI $64,860 @ 7.0% cap · market cap 7.25%
Second Best
Mixed Use
$671.0K
$587.1K – $782.8K
NOI $46,967 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,934 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Goldscooters
Electronics & Wireless Store
God's Calling Gospel ...
Church
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.240252
- Latitude
- 25.817622
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial building on high-traffic corridor with income potential.
Where is this mixed-use property located?
The property is located at 4699 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑traffic location on NW 27th Avenue with strong visibility and accessibility via Metrorail.; Tenant‑occupied with long‑term tenant paying $4,600/month, presenting immediate income.; Zoning allows for a variety of commercial uses (retail, restaurant, office, etc.).
