Freestanding Automotive
For Sale
$1,050,000
9301 NW 27th Ave, Miami, FL 33147
Commercial Sale, Miami, FL
Property Size1,032 SF
Lot Size0.22 Acres
Price / SF$1,017
Days on Market179
Property Features for 9301 NW 27th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6462
Subdivision
31
Standard status
Active
APN
30-31-03-012-0870
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
3 53 41 GULFAIR ESTS PB 40-11 LOT 15 BLK 6 & W10FT ALLEY LYG E & ADJ CLOSED PER R-8-87 LOT SIZE 75.000 X 130 OR 18346-4047 1198 1
Tax Annual Amount
5761
Legal Description
3 53 41 GULFAIR ESTS PB 40-11 LOT 15 BLK 6 & W10FT ALLEY LYG E & ADJ CLOSED PER R-8-87 LOT SIZE 75.000 X 130 OR 18346-4047 1198 1
Building Details
Year built
1958
Architectural style
Other
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Alessandro Lima · License #3404498
(305) 281-4469
Added: Mar 2
Changed: Aug 20
Last Checked: Aug 28 at 7:06PM
MLS# A11960619
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 Miami property comprises a 9,750 SF lot improved with a 1,032 SF freestanding building. Constructed in 1958, the structure previously operated as a farm store and provides an existing commercial improvement for an automotive-related or neighborhood commercial concept.
An active dealership license is associated with the property, and the building is occupied by a month-to-month tenant. The current tenancy allows continued occupancy while preserving flexibility for an owner-user, repositioning, lease-up, or redevelopment plan. The property is located at 9301 NW 27th Ave in Miami, Florida, within Miami-Dade County.
An active dealership license is associated with the property, and the building is occupied by a month-to-month tenant. The current tenancy allows continued occupancy while preserving flexibility for an owner-user, repositioning, lease-up, or redevelopment plan. The property is located at 9301 NW 27th Ave in Miami, Florida, within Miami-Dade County.
Key Highlights
- 9,750 SF lot with a 1,032 SF freestanding building
- Active dealership license
- Occupied by a month‑to‑month tenant
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
$33,670
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
3.21%
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%
$673,400
$673.4K
Cap Rate 7%
$481,000
$481.0K
Cap Rate 9%
$374,111
$374.1K
Market Conditions
NOI Build-Up for 1,032 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
$53.6K $51.96/SF
− Vacancy
−$5.5K −$5.35/SF
EGI
$48.1K $46.61/SF
− OpEx
−$14.4K −$13.98/SF
NOI
$33.7K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /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%
$673,400
Cap Rate 7%
$481,000
Cap Rate 9%
$374,111
Alternative Uses
Best Use
Retail
$481.0K
$420.9K – $561.2K
NOI $33,670 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$198.1K
$173.3K – $231.1K
NOI $13,865 @ 7.0% cap · market cap 1.32%
Theoretical Best
Specialty Retail
$696.6K
$609.5K – $812.7K
NOI $48,762 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ice on the Road LLC — 9091 NW 27th Ave, Miami, FL 33147
- U-Haul Neighborhood Dealer — 2601 NW 95th St, Miami, FL 33147
Frequently Asked Questions
What type of property is this?
Automotive property - Active dealership license, existing improvements, and month-to-month occupancy create flexible commercial positioning.
Where is this automotive property located?
The property is located at 9301 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 9,750 SF lot with a 1,032 SF freestanding building; Active dealership license; Occupied by a month‑to‑month tenant
