Cutler Bay Retail Investment
For Sale
$3,500,000
20462-20500 S Dixie Hwy, Cutler Bay, FL 33189
Fully leased retail and restaurant property with high traffic location.
Property Size10,776 SF
Lot Size0.60 Acres
Days on Market313
Property Features for 20462-20500 S Dixie Hwy
General Information
Standard status
Active
Size
10,776 SF
Lot size
0.60 Acres
Property subtype
Commercial
Building Details
Building Size
10,776 SF
Year Built
1964
Listing Agency:
Apex Capital Realty Miami
Listed By:
Adriano Salucci · License #SL3470836
(305) 350-3584
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 27
Last Checked: Oct 5 at 6:52PM
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 Apex Capital Realty Miami
Investment Insights
Based on property information with market context.
This fully-leased property is located at 20462-20500 S Dixie Hwy in Cutler Bay. The property consists of two buildings: an 8,584 sq. ft. retail strip and a 2,192 sq. ft. freestanding restaurant, situated on a 26,004 sq. ft. lot. The property is located on the high-traffic US-1, directly across from Southland Mall. The property generates an NOI of $210,000 annually and presents excellent value-add and redevelopment potential. This property is suitable for investors looking to enhance income streams or explore future development opportunities in a thriving commercial corridor.
Key Highlights
- High‑traffic location on US‑1, directly across from Southland Mall.
- Generates an NOI of $210,000 annually.
- Fully‑leased property with two buildings: retail strip (8,584 sq. ft.) and freestanding restaurant (2,192 sq. ft.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,449
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,148,980
$4.1M
Cap Rate 7%
$2,963,557
$3.0M
Cap Rate 9%
$2,304,989
$2.3M
Market Conditions
NOI Build-Up for 10,776 SF
Gross rent
$297.4K $27.60/SF
− Vacancy
−$20.8K −$1.93/SF
EGI
$276.6K $25.67/SF
− OpEx
−$69.1K −$6.42/SF
NOI
$207.4K $19.25/SF
Area
Miami-Dade County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,148,980
Cap Rate 7%
$2,963,557
Cap Rate 9%
$2,304,989
Alternative Uses
Best Use
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,449 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$2.60M
$2.28M – $3.04M
NOI $182,214 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$5.47M
$4.78M – $6.38M
NOI $382,698 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 33189, FL
25,598
Population
8,901
Households
2.9
Avg Household Size
41
Median Age
27%
College-Educated
83%
High-School Grad
5.1 sq mi
ZIP Area
5,019
Density / Sq Mi
$66,487
Median Household Income
$41,039
Median Earnings
$1,539
Median Rent
$409,500
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 South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail and restaurant property with high traffic location.
Where is this strip mall located?
The property is located at 20462-20500 S Dixie Hwy Cutler Bay, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High‑traffic location on US‑1, directly across from Southland Mall.; Generates an NOI of $210,000 annually.; Fully‑leased property with two buildings: retail strip (8,584 sq. ft.) and freestanding restaurant (2,192 sq. ft.).
