Mixed-Use Commercial
12327 Ne 6th Ave, North Miami, FL 33161
For Sale
New
$1,650,000
The property combines commercial and residential components in North Miami.
Property Size3,397 SF
Price / SF$485.72
Days on Market2
Property Features for 12327 Ne 6th Ave
General Information
Standard status
Size
Zoning
Net Operating Income
Financials
Cap Rate
Gross Income
Site & Location
Neighborhood
Amenities
3
3325
Free Parking
3397
Building Details
Building Size
Year Built
Listing Agency:
(954) 953-5363
Listed By:
Luis Ugarte
Source:
Onemarketrealestate
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 11:04AM
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 Luis Ugarte
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Investment Insights
Based on property information with market context.
This mixed-use property brings commercial and residential components together at a North Miami address. The building dates to 1954 and includes free parking.
The property information reports a 5.45% cap rate.
The property information reports a 5.45% cap rate.
Key Highlights
- Commercial and residential components in one property
- Reported 5.45% cap rate
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,598
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,960
$1.2M
Cap Rate 7%
$837,114
$837.1K
Cap Rate 9%
$651,089
$651.1K
Market Conditions
NOI Build-Up for 3,397 SF
Gross rent
$101.9K $30.00/SF
− Vacancy
−$8.2K −$2.40/SF
EGI
$93.8K $27.60/SF
− OpEx
−$35.2K −$10.35/SF
NOI
$58.6K $17.25/SF
Area
Miami-Dade County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,960
Cap Rate 7%
$837,114
Cap Rate 9%
$651,089
Alternative Uses
Best Use
Mixed Use
$837.1K
$732.5K – $976.6K
NOI $58,598 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,641 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
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Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Miami-Dade County, FL
Properties on Market for Mixed-use properties in Miami-Dade County
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial and residential components in North Miami.
Where is this mixed-use property located?
The property is located at 12327 Ne 6th Ave North Miami, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Commercial and residential components in one property; Reported 5.45% cap rate; Built in 1954
