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    601 SW 57Th Ave Miami, FL 33144

    For Sale
    $6,900,000

    Two-story retail/office building with high occupancy and prime location.

    Lot size:
    0.45 Acres

    Property Features for 601 SW 57Th Ave

    General Information

    Lot size
    0.45 Acres

    Building Details

    Year built
    1978

    Source: Assured Investments Realty, LLC Agent Alberto Cabrera

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

    Overview

    Retail/Office Building Investment Opportunity

    This retail/office building, constructed in 1978, offers approximately 17,360 square feet of space. The two-story building is currently for sale at $398 per square foot, boasting a 7.22% CAP rate. The property features multiple storefront/office units fronting Red Road (SW 57th Ave), a high-traffic corridor in Miami. With an average unit size of 685 square feet, the building is easy to rent and maintains 100% occupancy. Its strategic location on Red Road, between Flagler Street and SW 8th Street, draws from vibrant residential areas and benefits from proximity to major thoroughfares, making it an attractive location for retailers and service providers.
    Insight Report Location Intelligence

    Current Use by Public Records

    Farandula Barber Shop Barber Shop Diagnostic Sonography Inc Medical Diagnostic Imaging Center Friends Testing Facility ... Diagnostic Center PROHEALTH DIAGNOSTIC SERVICES ... Medical Office El estilaso barbershop Barber Shop

    Suggested Use

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

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

    Similar Places Nearby

    Calle Ocho Shopping Center, West Miami Shoppes, Granada Plaza, Opera Plaza, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.28775
    Latitude
    25.777604

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    FAQs

    What type of property is this?
    Shopping center - Two-story retail/office building with high occupancy and prime location.
    Where is this shopping center located?
    The property is located at 601 SW 57Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - High-traffic location on Red Road (SW 57th Ave) between Flagler Street and SW 8th Street; - 7.22% CAP Rate; - 17,360 SF Retail/Office Building
    (305) 764-1669
    Request Owner's contact information
    601 SW 57Th Ave Miami, FL 33144
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    Miami, FL 33144
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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
    601 SW 57Th Ave Miami, FL 33144
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