Retail & Office Building with
New
For Sale
$3,500,000
610 NE 124th St, North Miami, FL 33161
SINGLE_FAMILY - North Miami, FL
Property Size6,480 SF
Lot Size0.17 Acres
Price / SF$540.12
Days on Market2
Property Features for 610 NE 124th St
General Information
Property type
Residential
Property subtype
Retail
Zoning description
6000
Directions
From NW 125th Street / NE 125th Street. Travel east on NE 125th Street toward Biscayne Boulevard. Turn right (south) onto NE 6th Avenue. Continue approximately one block. The property is on the east (left) side at 610 NE 124th Street.
Subdivision
22
Standard status
Active
APN
06-22-30-032-0220
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRIFFING BIS PK EST BLK 12 PB 6-170 LOT 26 & W1/2 OF LOT 27 BLK 12 LOT SIZE 75.000 X 100 OR 16434-0834 0793 5
Tax Annual Amount
17039
Legal Description
GRIFFING BIS PK EST BLK 12 PB 6-170 LOT 26 & W1/2 OF LOT 27 BLK 12 LOT SIZE 75.000 X 100 OR 16434-0834 0793 5
Building Details
Year built
1953
Listing Agency:
The Keyes Company
(954) 389-3459
Listed By:
Diana Fahmie PA · License #3176864
(954) 815-8213
Added: Jul 31
Last Checked: Aug 1 at 9:06AM
MLS# A12062618
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 freestanding retail and office building at 610 NE 124th St, North Miami, was built in 1953 and offers a flexible layout for customer-facing operations plus back-of-house needs. The building totals 6,480+/- SF, including approximately 4,500 SF of retail space and about 1,755 SF of storage and utility area.
Set just steps from NE 125th Street, the property is positioned along an established North Miami commercial corridor with strong street exposure and convenient access. The surrounding area includes established neighborhoods, local businesses, schools, shopping, and daily services.
The building’s configuration supports a range of uses for an owner-user, expanding business, or investor looking for repositioning flexibility, with practical zoning-adjacent compatibility for retail front-of-house and storage/utility back-of-house operations. Access to major routes including Biscayne Boulevard and I-95 supports convenient customer and employee connectivity throughout the broader North Miami area and beyond.
Set just steps from NE 125th Street, the property is positioned along an established North Miami commercial corridor with strong street exposure and convenient access. The surrounding area includes established neighborhoods, local businesses, schools, shopping, and daily services.
The building’s configuration supports a range of uses for an owner-user, expanding business, or investor looking for repositioning flexibility, with practical zoning-adjacent compatibility for retail front-of-house and storage/utility back-of-house operations. Access to major routes including Biscayne Boulevard and I-95 supports convenient customer and employee connectivity throughout the broader North Miami area and beyond.
Key Highlights
- 6,480+/- SF freestanding retail and office building
- Approximately 4,500 SF retail space
- About 1,755 SF storage and utility area
Financial Insights For Office B
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 | $295.5k | $45.60 |
| − Vacancy | −$66.5k | −$10.26 |
| EGI | $229.0k | $35.34 |
| − OpEx | −$57.3k | −$8.84 |
| NOI | $171.8k | $26.51 |
6,480 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,752 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,572 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,130 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building designed for flexible customer-facing retail with dedicated storage and utility space.
Where is this retail space located?
The property is located at 610 NE 124th St North Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6,480+/- SF freestanding retail and office building; Approximately 4,500 SF retail space; About 1,755 SF storage and utility area
