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Mixed-Use Property with Retail Suites
New
For Lease
$33 SF/Yr NNN

11995 SW 216th St, Miami, FL 33170

Three storefronts sit below 24 residences, and two spaces can be joined to create a larger unit.

Space SizeContact for details
Property Size4,455 SF
Days on Market6

Property Features for 11995 SW 216th St

General Information

Standard status Active
Size 4,455 SF
Zoning 6171
Lease Type NNN

Space & Availability

Floor Ground
Space Use Retail

Lease Terms

Lease Rate $33 /SF/YR
Rent per SF/Year $33

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $8,319

Amenities

Central Air
Central, Electric

Building Details

Building Size 4,455 SF
Tenancy Multi
Listing Agency: Prestige Sales Group, inc.
Listed By: Maritza Salas · License #3187757
Source: Evrealestate
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:20PM

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.

Rey
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Investment Insights

Based on property information with market context.

Ground-floor retail space occupies the base of a mixed-use development with 24 residences above. The property contains three commercial units; the first and second can be combined for a larger space. The retail units are offered under NNN lease terms.

At 11995 SW 216th St in Miami, the property has access to US-1 and major highways. Nearby neighborhoods, shopping, and dining contribute to the surrounding context.

Key Highlights

  • Three ground‑floor retail units beneath 24 residences
  • Units 1 and 2 can be combined
  • Access to US‑1 and major highways

Property Analytics

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Current Use

Building Sagewood Condominium Complex

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

593
Businesses Nearby

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
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Market

Lease Benchmarks for Miami, FL

$29.3 /SF/Yr
Avg Asking Price
$7.2–$40 /SF/Yr
Price Range
4,757 SF
Avg Space Size

This space is priced 13% above the average of $29.3 /SF/Yr.

Vacancy Rate% for Retail in Miami, FL

3.5% 2019
4.3% 2020
3.3% 2021
2.9% 2022
3.1% 2023
2% 2024
2.7% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three storefronts sit below 24 residences, and two spaces can be joined to create a larger unit.
Where is this mixed-use property located?
The property is located at 11995 SW 216th St Miami, FL.
What is the lease rate?
The lease rate is $33 SF/Yr.
What are key features of this property?
This property features: Three ground‑floor retail units beneath 24 residences; Units 1 and 2 can be combined; Access to US‑1 and major highways
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