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    237 NW 12Th Ave Miami, FL 33128

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    For Sale
    $2,600,000

    Two-story retail strip center in Miami's Little Havana.

    Property size:
    8,000 SF
    Lot size:
    0.20 Acres

    Property Features for 237 NW 12Th Ave

    General Information

    Size
    8,000 SF
    Lot size
    0.20 Acres

    Source: Marcus & Millichap | Miami Agent Jonathan De La Rosa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Little Havana Retail Strip Center

    The property at 237 NW 12th Avenue is a two-story retail strip center located in the Little Havana submarket of Miami. The property has a size of approximately 8,000 square feet. It is comprised of 10 small bay units, each approximately 800 square feet in size, offering flexible configurations. The property is suitable for local service and retail tenants. Currently, all tenants are on month-to-month leases and paying below-market rents, averaging $14 per square foot. This presents a value-add opportunity for an investor to reposition the tenancy and increase rental income to market levels.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bonitillo Styles Barber ... Barber Shop J & C Offices Accounting Firm A Woman's Health Center Abortion Clinic Por vida tattoos Tattoo Shop Aniurmy’s Fantasy Nails ... Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.214486
    Latitude
    25.776223

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    FAQs

    What type of property is this?
    Strip mall - Two-story retail strip center in Miami's Little Havana.
    Where is this strip mall located?
    The property is located at 237 NW 12Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Value-add opportunity: Significant rental income upside by increasing below-market rents to market levels.; - Located in the heart of Miami's Little Havana submarket.; - Two-story retail strip center.
    (786) 522-7000
    Request Owner's contact information
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    Miami, FL 33128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    237 NW 12Th Ave Miami, FL 33128
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