Single-Story Retail Building and
For Sale
$2,600,000
102 NW 22ND Avenue, Miami, FL 33125
Single-story retail building with dedicated storage paired with an adjacent commercial lot and strong north-south corridor frontage.
Property Size5,851 SF
Lot Size0.28 Acres
Price / SF$444.37
Days on Market38
Property Features for 102 NW 22ND Avenue
General Information
Standard status
Active
Size
5,851 SF
Lot size
0.28 Acres
Property subtype
Mixed Use
Site & Location
Road Frontage
112 ft
Road Access
Yes
Additional Details
Land Use
retail, commercial
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
dedicated storage
dedicated parking
Building Details
Building Size
5,851 SF
Year Built
1952
Buildings
1
Stories
1
Listing Agency:
CMV Realty LLC
Listed By:
Gus Martinez · License #3033300
(954) 394-7078
Source:
Marcelosteinmander
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 1 at 10:40PM
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.
The offering includes two contiguous parcels offered together for a retail and land assemblage. At the center is a 5,851-square-foot, single-story retail building with dedicated storage. A directly adjacent 5,450-square-foot commercial lot provides a second parcel for continued retail development or other options for the next owner.
Combined, the parcels total about 12,263 square feet of contiguous land with approximately 112 feet of frontage along NW 22 Avenue, a high-visibility north-south corridor connecting Allapattah, Little Havana, and the Miami Health District.
The retail building was built in 1952. BikeScore is 62, walkScore is 93, and transitScore is 54, supporting access for employees, customers, and day-to-day foot traffic.
Combined, the parcels total about 12,263 square feet of contiguous land with approximately 112 feet of frontage along NW 22 Avenue, a high-visibility north-south corridor connecting Allapattah, Little Havana, and the Miami Health District.
The retail building was built in 1952. BikeScore is 62, walkScore is 93, and transitScore is 54, supporting access for employees, customers, and day-to-day foot traffic.
Key Highlights
- 5,851‑square‑foot single‑story retail building with dedicated storage
- Directly adjacent 5,450‑square‑foot commercial lot
- Two contiguous parcels sold together as a retail and land assemblage
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
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.
Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail building with dedicated storage paired with an adjacent commercial lot and strong north-south corridor frontage.
Where is this retail space 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‑square‑foot single‑story retail building with dedicated storage; Directly adjacent 5,450‑square‑foot commercial lot; Two contiguous parcels sold together as a retail and land assemblage
