Leased Commercial Building on Le
475 Le Jeune Road aka NW 42 Avenue Miami, FL 33126
475 Le Jeune Road aka NW 42 Avenue, Miami, FL, 33126
$3,900,000
For Sale
$3,900,000
Fully leased commercial building on 18,270 SF lot in Miami.
Property Size6,006 SF
Lot Size0.42 Acres
Price / SF$649.35
Days on Market138
Property Features for 475 Le Jeune Road aka NW 42 Avenue
General Information
- Standard status
- Active
- Size
- 6,006 SF
- Lot size
- 0.42 Acres
- Property subtype
- Office/ Retail/ Shopping Center
Listing agency
KAIZEN REALTY PARTNERS, LLC.
(786) 597-0446
Listed by
Dante Aleman · License #A11946694
(786) 597-0446
Source
Kaizenrealtypartners
Added: Mar 6 Updated: Jul 10 at 3:48PM Checked: Jul 19 at 8:03AM
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 KAIZEN REALTY PARTNERS, LLC.
Investment Insights
Based on property information with market context.
This fully leased commercial property is situated on a 18,270 square foot lot and includes a 6,006 square foot commercial building. The building currently houses office, retail, and shopping center tenants. The property is located on 475 Le Jeune Road (NW 42 Avenue) in Miami, in a rapidly expanding area. Its location provides access to the upcoming Inter Miami Stadium, Miami International Airport, and Coral Gables Downtown. The T-6-8 zoning and potential for division into 3-4 units (from 1,169 SF) enhance its development flexibility and income potential. The location provides access to Miami's dining and entertainment destinations, including the Miami Freedom Soccer Park, Brickell City Centre, and Wynwood district. Its proximity to the financial district and connectivity to Miami International Airport and the Port of Miami make it a high-yield asset. It is suited for land or multifamily development or a stable NNN lease investment.
Key Highlights
- Prime location on Le Jeune Road (NW 42 Avenue) in a rapidly expanding Miami area.
- Fully leased property provides immediate cash flow.
- T‑6‑8 zoning allows for flexible development options, including land/multifamily development.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $312.1k | $51.96 |
| − Vacancy | −$32.1k | −$5.35 |
| EGI | $279.9k | $46.61 |
| − OpEx | −$84.0k | −$13.98 |
| NOI | $195.9k | $32.63 |
6,006 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.27M
NOI $195,950 @ 7.0% cap · market cap 5.02%
Second Best
Office B
$2.46M
$2.15M – $2.87M
NOI $172,297 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$4.05M
$3.55M – $4.73M
NOI $283,786 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Miami Auto Wholesale
Car Dealership
half price vacation ...
Travel Agency
Connect One Auto ...
Car Dealership
Golden Road Rentals
Car Rental Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Caracas Shopping Center — 4795 SW 8th St, Miami, FL 33134
- FlamingoMall — 3459 SW 8th St, Miami, FL 33135
- Granada Plaza — 4801 SW 8th St, Miami, FL 33134
- linda home center — Miami, FL 33134
- Lidia Consulta — 3934 SW 8th St, Miami, FL 33134
FAQs
What type of property is this?
Shopping center - Fully leased commercial building on 18,270 SF lot in Miami.
Where is this shopping center located?
The property is located at 475 Le Jeune Road aka NW 42 Avenue Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Prime location on Le Jeune Road (NW 42 Avenue) in a rapidly expanding Miami area.; Fully leased property provides immediate cash flow.; T‑6‑8 zoning allows for flexible development options, including land/multifamily development.
