Established Auto Repair Business For
For Sale
$1,350,000
11070 NW 17th Avenue, Miami, FL 33167
Commercial property with auto repair business, excellent location, great opportunity.
Property Size4,040 SF
Lot Size17,680.00 Acres
Price / SF$334.16
Days on Market167
Property Features for 11070 NW 17th Avenue
General Information
Standard status
Active
Size
4,040 SF
Total Parking Spaces
15
Lot size
17,680.00 Acres
Zoning
6400
Taxes and HOA fees
Annual Taxes
$8,123
Building Details
Building Size
4,040 SF
Year Built
1946
Buildings
1
Stories
1
Listing Agency:
Florida Realty of Miami Corp
(305) 305-3508
Listed By:
Maria Lorena L Gonzalez · License #3137562
(305) 305-3508
Source:
Laerrealty
Added: Mar 11
Changed: Aug 23
Last Checked: Aug 24 at 3:18AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This commercial property features an established and operational auto repair business. The property is located on a corner lot and has been in business for 30 years. The lot size is 17,680 square feet, and the building size is 4,040 square feet. The property is zoned commercial and connected to sewer line recently. It is a grandfathered property in good condition. The location is near major expressways, I-95 and Gratigny 119 ST. Potential business uses include car dealer, boat repairs and services, machine shop or repairs automobiles and trucks.
Key Highlights
- Prime corner lot location with high visibility
- Zoned commercial, suitable for various business types
- Includes an established and operational auto repair business
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
$54,276
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
4.02%
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%
$1,085,520
$1.1M
Cap Rate 7%
$775,371
$775.4K
Cap Rate 9%
$603,067
$603.1K
Market Conditions
NOI Build-Up for 4,040 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
$81.4K $20.16/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$77.5K $19.19/SF
− OpEx
−$23.3K −$5.76/SF
NOI
$54.3K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /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%
$1,085,520
Cap Rate 7%
$775,371
Cap Rate 9%
$603,067
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.20M
NOI $131,808 @ 7.0% cap · market cap 9.76%
Second Best
Industrial
$775.4K
$678.5K – $904.6K
NOI $54,276 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $190,892 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33167, FL
19,142
Population
6,978
Households
2.7
Avg Household Size
40
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$59,494
Median Household Income
$31,555
Median Earnings
$1,345
Median Rent
$341,300
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.
Similar Off Market Nearby
- Pappap Mobile Auto Mechanic — 844 NW 102nd St, Miami, FL 33150
- Y&M EXPRESS TIRES #2 — 1200 NW 103rd St, Miami, FL 33147
- L3Y Tuning and Diesel Performance — 1260nw 103st, Miami, FL 33147
- MORALES GLASS COMPANY — 917 NW 103rd St, Miami, FL 33150
- Trust in god towing — 982 nw 104th st, miami, fl 33150
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with auto repair business, excellent location, great opportunity.
Where is this auto shop located?
The property is located at 11070 NW 17th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime corner lot location with high visibility; Zoned commercial, suitable for various business types; Includes an established and operational auto repair business
