Ground-Floor Retail
New
For Sale
Contact for pricing
11995 SW 216th Street, Miami, FL 33170
Three commercial units are positioned below 24 residences in a mixed-use property.
Property Size4,455 SF
Price / SF$0.01
Days on Market4
Property Features for 11995 SW 216th Street
General Information
Standard status
Active
Size
4,455 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Listing Agency:
Prestige Sales Group, inc.
Listed By:
Maritza Salas · License #3187757
(305) 992-1911
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:38AM
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 Prestige Sales Group, inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail offering comprises three ground-level commercial units within Venezia Residences, a mixed-use development that also contains 24 residences. Units 1 and 2 can be combined, providing an option for a larger retail configuration. The offering is structured as NNN.
The property is at 11995 SW 216th Street in Miami, with access to US-1 and major highways.
The property is at 11995 SW 216th Street in Miami, with access to US-1 and major highways.
Key Highlights
- Three ground‑level retail units within a development containing 24 residences
- Units 1 and 2 can be joined for a larger space
- Access to US‑1 and major highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,906,940
$2.9M
Cap Rate 7%
$2,076,386
$2.1M
Cap Rate 9%
$1,614,967
$1.6M
Market Conditions
NOI Build-Up for 4,455 SF
Gross rent
$231.5K $51.96/SF
− Vacancy
−$23.8K −$5.35/SF
EGI
$207.6K $46.61/SF
− OpEx
−$62.3K −$13.98/SF
NOI
$145.3K $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 Rate 5%
$2,906,940
Cap Rate 7%
$2,076,386
Cap Rate 9%
$1,614,967
Alternative Uses
Best Use
Retail
$2.08M
$1.82M – $2.42M
NOI $145,347 @ 7.0% cap · market cap 415,277.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,501 @ 7.0% cap · market cap 601,431.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 33170, FL
14,908
Population
4,839
Households
3.1
Avg Household Size
37
Median Age
22%
College-Educated
79%
High-School Grad
12.4 sq mi
ZIP Area
1,202
Density / Sq Mi
$68,953
Median Household Income
$40,052
Median Earnings
$1,511
Median Rent
$426,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Three commercial units are positioned below 24 residences in a mixed-use property.
Where is this retail space located?
The property is located at 11995 SW 216th Street Miami, FL.
What are key features of this property?
This property features: Three ground‑level retail units within a development containing 24 residences; Units 1 and 2 can be joined for a larger space; Access to US‑1 and major highways
