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    Turnkey Automotive Repair Facility Title is generated by Realmo AI

    2727 NW 34th St, Miami, FL 33142

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    Move-in-ready auto body and collision repair space with grandfathered paint oven bake booths and 3-phase power.

    Type:Industrial
    Property size:
    5,800 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $1.98/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 6:12 am

    Property Features for 2727 NW 34th St

    General Information

    Standard status
    Active
    Size
    5,800 SF
    Lot size
    0.31 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    Jose Cortesi

    Listing agent Jose Cortesi

    Listing office

    Listing date Jun 1, 2026

    Source Elliman

    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 Jose Cortesi

    HighLights

    • Approximately 5,800 SF commercial/industrial space configured for auto body and collision repair use
    • Two grandfathered‑in paint oven bake booths—designed for collision repair finishing operations
    • 3‑phase power and functional industrial layout for day‑to‑day shop operations
    • Built in 1953 on a 13,500 SF lot with ample space for parking, storage, or fleet operations
    • Move‑in‑ready for immediate occupancy, allowing an operator to start operations right away
    • Located in NW Miami industrial corridor near 27th Avenue & NW 34th Street

    Overview

    This turnkey commercial/industrial property is configured for auto body and collision repair and is ready for immediate operations. The facility includes two grandfathered-in paint oven bake booths, supported by a functional industrial layout and ample work area for hands-on vehicle repair workflows. The site is situated on a generous lot, providing practical space for parking, storage, or fleet-related operations. 3-phase power is available to support industrial equipment use.

    Located in the NW Miami industrial corridor near 27th Avenue and NW 34th Street, the property offers access to major highway routes and Miami International Airport. The combination of an industrial configuration and dedicated on-site outdoor space can support daily work in addition to vehicle handling and staging.

    This offering is well-suited for an automotive user that values operational-ready paint and finishing infrastructure, particularly someone seeking the grandfathered bake booth configuration. The building’s commercial/industrial layout and site area also support a broader range of compatible commercial and industrial uses that can take advantage of the existing shop setup and parking/storage capacity.
    Location Intelligence

    Current Use by Public Records

    Mobile Customizing Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Chroma Body Shop Inc — 3020 NW 23rd Terrace, Miami, FL 33142
    • Elite Collision Specialists — 2355 NW 35th Ave, Miami, FL 33142
    • HGC Auto Collision — 3326 NW S River Dr, Miami, FL 33142
    • Byrd Marine Towing & Salvage — 3345 NW S River Dr, Miami, FL 33142
    • Rainbow Paint & Body Shop — 3600 NW 24th St, Miami, FL 33142

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.241069
    Latitude
    25.807495

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    FAQs

    What type of property is this?
    Auto shop - Move-in-ready auto body and collision repair space with grandfathered paint oven bake booths and 3-phase power.
    Where is this auto shop located?
    The property is located at 2727 NW 34th St Miami, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Approximately 5,800 SF commercial/industrial space configured for auto body and collision repair use; Two grandfathered‑in paint oven bake booths—designed for collision repair finishing operations; 3‑phase power and functional industrial layout for day‑to‑day shop operations
    (786) 419-0379
    We can help!
    Listing Contact
    Jose Cortesi
    Learn More
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    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.

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    2727 NW 34th St, Miami, FL 33142
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