Mixed-Use Property with Fenced
For Sale
$1,300,000
1180 NW 119th St, Miami, FL 33168
Renovation work includes building systems, impact-rated openings, accessible restrooms, and a new commercial kitchen.
Property Size3,516 SF
Lot Size0.17 Acres
Price / SF$369.74
Days on Market58
Property Features for 1180 NW 119th St
General Information
Standard status
Active
Size
3,516 SF
Lot size
0.17 Acres
Property subtype
Mixed Use
Zoning
UC Center - Mixed Use Corridor (MC) 6 MAX HT
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
commercial kitchen
ADA-compliant bathrooms
impact windows and doors
Building Details
Building Size
3,516 SF
Year Built
1951
Listing Agency:
LoKation
Listed By:
Javier Colon · License #3367073
(786) 271-5139
Source:
Jofregroup
Added: Aug 31
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 LoKation
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Investment Insights
Based on property information with market context.
This mixed-use property contains a 3,516-square-foot building on a 7,575-square-foot lot. Renovation is underway, covering electrical, plumbing, and mechanical systems, along with impact windows and doors. Planned interior features include two ADA-compliant bathrooms and a new commercial kitchen with hood. Front parking is complemented by an asphalted area along the side and rear for parking or open storage; a six-foot steel fence encloses this area. The building is described as suitable for two tenants.
The property fronts NW 119th St (SR 924), where AADT is 47,000. It is 0.6 miles west of I-95, with direct access to I-75 and Florida’s Turnpike, and six miles from Collins Ave. Current zoning is UC Center - Mixed Use Corridor (MC) 6 MAX HT, with potential for commercial and residential uses in a building of up to six stories.
The property fronts NW 119th St (SR 924), where AADT is 47,000. It is 0.6 miles west of I-95, with direct access to I-75 and Florida’s Turnpike, and six miles from Collins Ave. Current zoning is UC Center - Mixed Use Corridor (MC) 6 MAX HT, with potential for commercial and residential uses in a building of up to six stories.
Key Highlights
- 3,516‑square‑foot building on a 7,575‑square‑foot lot
- UC Center - Mixed Use Corridor (MC) 6 MAX HT zoning; potential for mixed commercial and residential uses up to 6 stories
- Renovation includes electrical, plumbing, and mechanical work, impact windows and doors, two ADA‑compliant bathrooms, and a new commercial kitchen with hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,066
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,661,320
$1.7M
Cap Rate 7%
$1,186,657
$1.2M
Cap Rate 9%
$922,956
$923.0K
Market Conditions
NOI Build-Up for 3,516 SF
Gross rent
$147.7K $42.00/SF
− Vacancy
−$14.8K −$4.20/SF
EGI
$132.9K $37.80/SF
− OpEx
−$49.8K −$14.18/SF
NOI
$83.1K $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%
$1,661,320
Cap Rate 7%
$1,186,657
Cap Rate 9%
$922,956
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.38M
NOI $83,066 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,133 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovation work includes building systems, impact-rated openings, accessible restrooms, and a new commercial kitchen.
Where is this mixed-use property located?
The property is located at 1180 NW 119th St Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,516‑square‑foot building on a 7,575‑square‑foot lot; UC Center - Mixed Use Corridor (MC) 6 MAX HT zoning; potential for mixed commercial and residential uses up to 6 stories; Renovation includes electrical, plumbing, and mechanical work, impact windows and doors, two ADA‑compliant bathrooms, and a new commercial kitchen with hood
