Corner Auto Service
For Sale
$1,250,000
11851 W Dixie Hwy, Miami, FL 33161
Established automotive property with included business licenses and a range of existing vehicle-service capabilities.
Property Size1,687 SF
Price / SF$740.96
Days on Market265
Property Features for 11851 W Dixie Hwy
General Information
Standard status
Active
Size
1,687 SF
Property subtype
Special Purpose
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,804
Building Details
Building Size
1,687 SF
Year Built
1948
Listing Agency:
LoKation
(786) 271-5139
Listed By:
Javier Colon · License #3367073
Source:
Casacollectiongroup
Added: Dec 2, 2025
Changed: Aug 22
Last Checked: Aug 23 at 8:11AM
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
Investment Insights
Based on property information with market context.
This auto shop is offered with the real estate and associated business licenses. Existing service capabilities include tire sales, stereo and auto alarm work, window tinting, air-conditioning service, oil changes, and brake service. The property has operated as an automotive service business for 26 years, supporting continued use in the same industry.
Built in 1948, the property occupies a corner location at NW 119th Street and W Dixie Hwy. The listed address is 11851 W Dixie Hwy, Miami, Florida 33161. Its street-corner setting and established automotive setup provide a clearly defined commercial identity for an operator seeking an auto-service property.
Built in 1948, the property occupies a corner location at NW 119th Street and W Dixie Hwy. The listed address is 11851 W Dixie Hwy, Miami, Florida 33161. Its street-corner setting and established automotive setup provide a clearly defined commercial identity for an operator seeking an auto-service property.
Key Highlights
- Corner location at NW 119th Street and W Dixie Hwy
- Real estate sale includes business licenses
- Operating history of 26 years in automotive service
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
$55,040
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
4.40%
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%
$1,100,800
$1.1M
Cap Rate 7%
$786,286
$786.3K
Cap Rate 9%
$611,556
$611.6K
Market Conditions
NOI Build-Up for 1,687 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
$87.7K $51.96/SF
− Vacancy
−$9.0K −$5.35/SF
EGI
$78.6K $46.61/SF
− OpEx
−$23.6K −$13.98/SF
NOI
$55.0K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /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%
$1,100,800
Cap Rate 7%
$786,286
Cap Rate 9%
$611,556
Alternative Uses
Best Use
Retail
$786.3K
$688.0K – $917.3K
NOI $55,040 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 1.81%
Theoretical Best
Specialty Retail
$1.14M
$996.4K – $1.33M
NOI $79,712 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive property with included business licenses and a range of existing vehicle-service capabilities.
Where is this auto shop located?
The property is located at 11851 W Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Corner location at NW 119th Street and W Dixie Hwy; Real estate sale includes business licenses; Operating history of 26 years in automotive service
