Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18315 W Dixie Hwy North Miami Beach, FL 33160

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Open concept space ideal for retail, wellness, or creative office.

    Lot size:
    0.53 Acres

    Property Features for 18315 W Dixie Hwy

    General Information

    Lot size
    0.53 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Martina Smolakova
    Source: Elliman

    Listing Agent: Martina Smolakova

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

    Learn more

    Overview

    Open Concept Space For Sale

    This property features an open-concept space with high ceilings, one office, and one bathroom. It is situated in a fast-growing area, located one minute from Biscayne Boulevard. The property is suitable for retail, wellness, or creative office concepts and includes ample parking.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1467
    Latitude
    25.9339

    Nearby Similar for Sale

    • $459,000

      Marina Palms Boat Slip Ownership

      60-foot boat slip in Aventura's Marina Palms Yacht Club.
      17211 Biscayne Blvd Boat, North Miami Beach, FL 33160
      View Details
    • $120,000

      Turnkey Pizzeria Opportunity

      Fully equipped pizzeria for sale in North Miami Beach.
      North Miami Beach Blvd, North Miami Beach, FL 33160
      View Details
    • $3,500,000
      0.19 Acres

      Prime Commercial Building For Sale

      Two-story corner building in high-traffic commercial district.
      1222 NE 163 St, North Miami Beach, FL 33162
      View Details
    • $199,000

      Profitable Smoke Shop Opportunity

      High-volume smoke shop for sale in North Miami Beach.
      North Miami Beach, FL 33162
      View Details
    • $3,600,000

      North Miami Beach Multifamily Investment

      16-unit building with pool and laundry in high-demand rental area.
      2285 NE 172 St, North Miami Beach, FL 33160
      View Details
    • $195,000

      Turnkey Bakery Opportunity in Florida

      Operating 1,750 sqft bakery for sale in North Miami Beach.
      North Miami Beach Blvd, North Miami Beach, FL 33160
      View Details
    • New
      $330,000

      Floating Dock Slip in Marina

      50' floating dock slip in a full-service marina.
      17211 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • $350,000

      Turnkey Restaurant Opportunity, North Miami Beach

      Exclusive, fully built-out restaurant in the heart of North Miami Beach.
      2995 NE 163 St, North Miami Beach, FL 33160
      View Details
    • $390,000

      Marina Palms 60' Yacht Slip

      Premium 60' yacht slip at Marina Palms Yacht Club.
      17211 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • $350,000

      North Miami Beach Boat Slip

      75' yacht slip in full-service North Miami Beach marina.
      17211 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • $560,000

      Marina Slip in Full Service Marina

      60' floating dock in a full-service marina.
      17211 Biscayne Blvd, North Miami Beach, FL 33160
      View Details
    • $1,050,000

      Four Units in Boutique Building

      Four apartments in North Miami Beach with value-add potential.
      2072 NE 169 St, North Miami Beach, FL 33162
      View Details

    FAQs

    What type of property is this?
    Retail space - Open concept space ideal for retail, wellness, or creative office.
    Where is this retail space located?
    The property is located at 18315 W Dixie Hwy North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $5,500.
    What are key features of this property?
    This property features: - Prime open-concept space with high ceilings; - Located in a fast-growing area; - 1 minute from Biscayne Blvd
    (305) 801-0759
    Request Owner's contact information
    18315 W Dixie Hwy North Miami Beach, FL 33160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18315 W Dixie Hwy
    North Miami Beach, FL 33160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    18315 W Dixie Hwy North Miami Beach, FL 33160
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Martina Smolakova
    Real Estate License ID: SL3474819
    (305) 801-0759
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.