Corner Storefront Retail
For Sale
$2,600,000
102 NW 22ND Avenue, Miami, FL 33125
Single-story retail space with an open layout, interior storage, loading access, and an adjacent commercial lot.
Property Size5,851 SF
Lot Size0.28 Acres
Price / SF$444.37
Days on Market43
Property Features for 102 NW 22ND Avenue
General Information
Standard status
Active
Size
5,851 SF
Total Parking Spaces
1
Lot size
0.28 Acres
Zoning
6100
Site & Location
Road Frontage
112 ft
Corner Location
Yes
Road Access
Yes
Additional Details
Land Use
commercial, retail
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
kitchen area
storage area
double-door glass entry
12' clear ceiling height
open floor plan
1 bathroom
Central Air, Other
Central, Other
Other
Building Details
Building Size
5,851 SF
Year Built
1952
Buildings
1
Stories
1
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez · License #B26056408
(954) 394-7078
Source:
Evrealestate
Added: Jul 28
Changed: Sep 8
Last Checked: Aug 4 at 3:00AM
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 CMV Realty LLC
Investment Insights
Based on property information with market context.
This offering combines a 5,851-square-foot single-story retail building with a directly adjacent 5,450-square-foot commercial lot. The building features a totally open floor plan, 12' clear ceiling height, a double-door glass entry at the direct corner, dedicated interior storage, and double steel doors for loading access. Additional improvements include a kitchen area with sink and large counter and 1 bathroom. The retail building occupies a 6,813-square-foot lot.
The contiguous parcels are offered together at 102 NW 22 Ave and 114 NW 22 Ave, with approximately 12,263 square feet of combined land and about 112 feet of frontage along NW 22 Avenue. Both parcels have Commercial, Neighborhood zoning. The property is located in the 33125 submarket, minutes from the Miami Health District, Miami River, downtown Miami, and Miami International Airport.
The contiguous parcels are offered together at 102 NW 22 Ave and 114 NW 22 Ave, with approximately 12,263 square feet of combined land and about 112 feet of frontage along NW 22 Avenue. Both parcels have Commercial, Neighborhood zoning. The property is located in the 33125 submarket, minutes from the Miami Health District, Miami River, downtown Miami, and Miami International Airport.
Key Highlights
- 5,851 SF single‑story retail building with a functional storage area
- 5,450 SF adjacent commercial lot included in the offering
- Approximately 12,263 SF of combined land with about 112 feet of frontage on NW 22 Avenue
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
$190,893
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
7.34%
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%
$3,817,860
$3.8M
Cap Rate 7%
$2,727,043
$2.7M
Cap Rate 9%
$2,121,033
$2.1M
Market Conditions
NOI Build-Up for 5,851 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
$304.0K $51.96/SF
− Vacancy
−$31.3K −$5.35/SF
EGI
$272.7K $46.61/SF
− OpEx
−$81.8K −$13.98/SF
NOI
$190.9K $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%
$3,817,860
Cap Rate 7%
$2,727,043
Cap Rate 9%
$2,121,033
Alternative Uses
Best Use
Retail
$2.73M
$2.39M – $3.18M
NOI $190,893 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,462 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,661
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story retail space with an open layout, interior storage, loading access, and an adjacent commercial lot.
Where is this storefront property located?
The property is located at 102 NW 22ND Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 5,851 SF single‑story retail building with a functional storage area; 5,450 SF adjacent commercial lot included in the offering; Approximately 12,263 SF of combined land with about 112 feet of frontage on NW 22 Avenue
