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    Freestanding Corner Retail Building Title is generated by Realmo AI

    9308 S Dixie Hwy, Miami, FL 33156

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    For Lease
    $13,036/Mo $37 SF/Yr (calc)

    Retail, Detached - Miami, FL

    Type:Retail
    Property size:
    4,228 SF
    Lot size:
    0.16 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 9308 S Dixie Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    6112
    Standard status
    Active
    APN
    30-50-02-010-0010
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1953
    Architectural style
    Other

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    Listing Contact
    Soraia Farah
    Soraia Farah

    Listing agent Soraia Farah License #0690679

    Listing office Compass Florida, LLC 1212 Lincoln Rd, Miami, FL

    Listing date Jun 5, 2026

    MLS# A12031088 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

    • Freestanding commercial building at 9308 S Dixie Highway (US‑1), set on a corner with frontage along US‑1
    • Approximately 4,228 SF usable commercial space with a flexible floor plan for tenant customization
    • Zoned BU‑3, supporting a variety of commercial uses
    • Adjacent to Dadeland South Metrorail Station, with quick access to Downtown Dadeland and Dadeland Mall
    • Easy roadway access to US‑1, SR‑878, SR‑874, and SR‑826
    • Built in 1953 with central air cooling and well water supply; includes on‑site parking

    Overview

    This freestanding corner retail building offers a flexible floor plan with approximately 4,228 SF of usable space, suited to a range of retail and service concepts. The property is designed for storefront-style operations and includes on-site parking for customers and staff.

    Located at 9308 S Dixie Highway in Miami, the building benefits from prominent frontage along South Dixie Highway (US-1). It is positioned adjacent to the Dadeland South Metrorail Station, with convenient access to US-1, SR-878, SR-874, and SR-826, supporting easy regional connectivity. Nearby activity includes Downtown Dadeland, Dadeland Mall, Pinecrest, South Miami, Coral Gables, Kendall, and the University of Miami.

    The property is zoned BU-3 and is intended to support a variety of commercial uses. For retailers, office users, and other commercial operators seeking a freestanding location with visibility on a major corridor and nearby transit access, this setup provides a practical platform to establish or expand operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rustic Garden — 7700 camino real # d-106, miami, fl 33143

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.313833
    Latitude
    25.684368

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    FAQs

    What type of property is this?
    Storefront property - Freestanding corner retail building with on-site parking on US-1, zoned BU-3 for flexible commercial use.
    Where is this storefront property located?
    The property is located at 9308 S Dixie Hwy Miami, FL.
    What is the lease rate?
    The lease rate is $13,036 /Mo.
    What are key features of this property?
    This property features: Freestanding commercial building at 9308 S Dixie Highway (US‑1), set on a corner with frontage along US‑1; Approximately 4,228 SF usable commercial space with a flexible floor plan for tenant customization; Zoned BU‑3, supporting a variety of commercial uses
    (786) 201-3830
    We can help!
    Listing Contact
    Soraia Farah
    Soraia Farah
    Real Estate License ID: 0690679
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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