Fully Occupied Retail Storefront
1057-1085 NW 119th Street North Miami, FL 33168
For Sale
$3,300,000
9,300 SF retail center with diverse tenants and high visibility.
Property Size9,300 SF
Price / SF$354.84
Days on Market319
Property Features for 1057-1085 NW 119th Street
General Information
- Standard status
- Active
- Size
- 9,300 SF
- Property subtype
- Retail
Listing Agency:
Lee & Associates - Broward/Palm Beach
(305) 904-5956
Listed By:
Sebastian Misiewicz · License #SL3243522
(305) 904-5956
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Jul 6
Last Checked: Jul 25 at 4:00AM
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 Lee & Associates - Broward/Palm Beach
Investment Insights
Based on property information with market context.
This is a fully occupied 9,300 SF retail storefront center built in 1960. The single-story property has been meticulously maintained and features 88 feet of frontage on NW 119th Street. It is positioned in a high-demand market, suitable for investors seeking stable income in a thriving commercial corridor. The property is zoned C-1 on a 0.51-acre lot with a 0.42 FAR. It includes a diverse tenant mix, a new roof, and an upgraded parking surface. There are 38 on-site parking spaces, which is 4.09 per 1,000 SF. The location provides exposure with over 40,000 cars per day on 119th Street and 32,000 on 7th Avenue. The property is located just off Interstate 95 and 7th Avenue. The surrounding neighborhood is densely populated, with over 180,000 residents within a 3-mile radius. The location provides access to major transit arteries and proximity to Opa-Locka Executive Airport, Miami International Airport, Port of Miami, and Port Everglades.
Key Highlights
- Fully occupied 9,300 SF retail center providing stable income.
- High‑traffic location with 88 feet of frontage on NW 119th Street, seeing over 40,000 cars per day.
- Strategically located just off I‑95 and 7th Avenue, offering exceptional exposure and accessibility.
Financial Insights For Retail
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 | $245.5k | $26.40 |
| − Vacancy | −$20.9k | −$2.24 |
| EGI | $224.7k | $24.16 |
| − OpEx | −$67.4k | −$7.25 |
| NOI | $157.3k | $16.91 |
9,300 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,256 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,280 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - 9,300 SF retail center with diverse tenants and high visibility.
Where is this strip mall located?
The property is located at 1057-1085 NW 119th Street North Miami, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Fully occupied 9,300 SF retail center providing stable income.; **High‑traffic location with 88 feet of frontage on NW 119th Street, seeing over 40,000 cars per day.**; Strategically located just off I‑95 and 7th Avenue, offering exceptional exposure and accessibility.
