Mixed-Use Property with
New
For Sale
$2,500,000
1121 NW 29th Street, Miami, FL 33127
The existing building combines production space with a kitchen, offices, meeting rooms, and on-site parking.
Property Size5,000 SF
Days on Market2
Property Features for 1121 NW 29th Street
General Information
Standard status
Active
Size
5,000 SF
Zoning
4801
Site & Location
Neighborhood
Santa Clara
Additional Details
Property Use
Warehouse, Manufacturing, Office
Taxes and HOA fees
Annual Taxes
$6,435
Building Details
Building Size
5,000 SF
Year Built
1940
Buildings
1
Listing Agency:
Dezer Platinum Realty LLC
Listed By:
Jeanette Pressman · License #3308517
(786) 205-0525
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 1:17PM
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 Dezer Platinum Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a maintained building and a parking lot. Interior areas comprise warehouse and manufacturing space, a kitchen, two bathrooms, and multiple reception, office, and meeting rooms. The building dates to 1940, and the property is zoned T4-O.
Wynwood is within walking distance, and I-95 is nearby. Mana Wynwood is 1.4 miles away.
Wynwood is within walking distance, and I-95 is nearby. Mana Wynwood is 1.4 miles away.
Key Highlights
- Warehouse and manufacturing areas within the building
- Kitchen and two bathrooms
- Multiple reception, office, and meeting rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,125
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,500
$2.4M
Cap Rate 7%
$1,687,500
$1.7M
Cap Rate 9%
$1,312,500
$1.3M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$210.0K $42.00/SF
− Vacancy
−$21.0K −$4.20/SF
EGI
$189.0K $37.80/SF
− OpEx
−$70.9K −$14.18/SF
NOI
$118.1K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,362,500
Cap Rate 7%
$1,687,500
Cap Rate 9%
$1,312,500
Alternative Uses
Best Use
Mixed Use
$1.69M
$1.48M – $1.97M
NOI $118,125 @ 7.0% cap · market cap 4.73%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,567 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$3.38M
$2.95M – $3.94M
NOI $236,252 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,478
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - The existing building combines production space with a kitchen, offices, meeting rooms, and on-site parking.
Where is this mixed-use property located?
The property is located at 1121 NW 29th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Warehouse and manufacturing areas within the building; Kitchen and two bathrooms; Multiple reception, office, and meeting rooms
