Freestanding Corner Retail
For Sale
$2,150,000
Pending
101 NW 20th St, Miami, FL 33127
Freestanding corner retail property with 3 guest facilities, built in 1959 and sized at 4,837 SF.
Property Size4,837 SF
Days on Market2202
Property Features for 101 NW 20th St
General Information
Standard status
Pending
Size
4,837 SF
Property subtype
General Commercial
Additional Details
Corner Location
Yes
Amenities
3
Building Details
Year Built
1959
Listing Agency:
Chariff Realty Group
(786) 487-5402
Listed By:
Luis Guevara · License #3276390
(786) 487-5402
Source:
Xome
Added: Jul 20, 2020
Changed: Jul 30
Last Checked: Jul 30 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chariff Realty Group
Investment Insights
Based on property information with market context.
Freestanding corner retail space offering 3 guest facilities and constructed in 1959. The property totals 4,837 SF and features no on-site pool.
Located at 101 NW 20th St in Miami, the property is positioned to capture visibility along NW 20th St, an arterial route connecting Wynwood to other major corridors. The area is described as walking distance to the Wynwood Arts District, which draws thousands of visitors daily, and the listing notes approximately 27,500+ daily commuters on NW 20th St.
Located at 101 NW 20th St in Miami, the property is positioned to capture visibility along NW 20th St, an arterial route connecting Wynwood to other major corridors. The area is described as walking distance to the Wynwood Arts District, which draws thousands of visitors daily, and the listing notes approximately 27,500+ daily commuters on NW 20th St.
Key Highlights
- Freestanding corner retail property at 101 NW 20th St
- 4,837 SF retail space
- Built in 1959
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 | $251.3k | $51.96 |
| − Vacancy | −$25.9k | −$5.35 |
| EGI | $225.4k | $46.61 |
| − OpEx | −$67.6k | −$13.98 |
| NOI | $157.8k | $32.63 |
4,837 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.63M
NOI $157,810 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.26M
$2.86M – $3.81M
NOI $228,550 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding corner retail property with 3 guest facilities, built in 1959 and sized at 4,837 SF.
Where is this retail space located?
The property is located at 101 NW 20th St Miami, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Freestanding corner retail property at 101 NW 20th St; 4,837 SF retail space; Built in 1959
