Corner Mixed-Use Retail and
102 SW 16th Avenue Miami, FL 33135
102 SW 16th Avenue, Miami, FL, 33135
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For Sale
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Three-story corner building offers six retail bays and 18 elevator-served apartments with owner-paid utilities for water, sewer, and trash.
Property Size13,834 SF
Lot Size0.22 Acres
Price / SF$289.14
Days on Market14
Property Features for 102 SW 16th Avenue
General Information
- Standard status
- Active
- Size
- 13,834 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1946
Listing Agency
Marcus & Millichap - Fort Lauderdale
Listed by
Evan Kristol · License #FL SL640466
Source
Crexi
Added: Jul 8 Updated: Jul 20 at 5:35 pm Checked: Jul 20 at 5:35 pm
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
102 SW 16th Avenue is a three-story, elevator-served mixed-use building on a corner lot. The property includes six retail bays totaling approximately 4,536 SF and two floors of residential units containing 18 apartments. Residential space consists of six studio apartments of about 350 SF each and 12 one-bedroom/one-bath apartments of about 600 SF each.
The building is located at the corner of SW 1st Street and 16th Avenue. SW 1st Street serves as the eastbound portion of Flagler Street and is described as a heavy commercial corridor with retail, office, and mixed-use development.
Tenants are responsible for electric, while the owner pays for water, sewer, and trash removal. The building has T5-O zoning and is situated on an approximately .22-acre lot.
The building is located at the corner of SW 1st Street and 16th Avenue. SW 1st Street serves as the eastbound portion of Flagler Street and is described as a heavy commercial corridor with retail, office, and mixed-use development.
Tenants are responsible for electric, while the owner pays for water, sewer, and trash removal. The building has T5-O zoning and is situated on an approximately .22-acre lot.
Key Highlights
- Three‑story corner mixed‑use building built in 1946 at SW 1st Street and 16th Avenue (T5‑O zoning).
- Elevator‑served property with six retail bays totaling approximately 4,536 SF.
- Two floors of residential with 18 apartments: six studios (~350 SF) and 12 one‑bedroom/one‑bath units (~600 SF).
Local Financial Insights For Apartment 5plus
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 | $498.0k | $36.00 |
| − Vacancy | −$33.4k | −$2.41 |
| EGI | $464.7k | $33.59 |
| − OpEx | −$209.1k | −$15.11 |
| NOI | $255.6k | $18.47 |
13,834 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Retail
$6.45M
$5.64M – $7.52M
NOI $451,344 @ 7.0% cap · market cap 11.28%
Second Best
Apartment 5plus
$3.65M
$3.19M – $4.26M
NOI $255,561 @ 7.0% cap · market cap 6.39%
Theoretical Best
Specialty Retail
$9.34M
$8.17M – $10.89M
NOI $653,663 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elevator
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story corner building offers six retail bays and 18 elevator-served apartments with owner-paid utilities for water, sewer, and trash.
Where is this apartment building located?
The property is located at 102 SW 16th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Three‑story corner mixed‑use building built in 1946 at SW 1st Street and 16th Avenue (T5‑O zoning).; Elevator‑served property with six retail bays totaling approximately 4,536 SF.; Two floors of residential with 18 apartments: six studios (~350 SF) and 12 one‑bedroom/one‑bath units (~600 SF).
