Mixed-Use Grocery and
225 Northwest 17th Street Miami, FL 33136
225 Northwest 17th Street, Miami, FL, 33136
$2,000,000
For Sale
$2,000,000
Mixed-use property with a grocery store and two residential buildings totaling multiple apartment units.
Property Size5,469 SF
Price / SF$365.70
Days on Market769
Property Features for 225 Northwest 17th Street
General Information
- Standard status
- Active
- Size
- 5,469 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1926
Listing agency
Guillen and Associates Real Estate Consultants, In
(786) 277-6968
Listed by
Yolymiler Diaz Guillen · License #3288184
(786) 277-6968
Source
Compass
Added: Jun 13, 2024 Updated: Jul 20 at 6:11PM Checked: Jul 21 at 6:34AM
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 Guillen and Associates Real Estate Consultants, In
Investment Insights
Based on property information with market context.
This mixed-use property includes two buildings: a six-unit residential complex and an accompanying grocery store with additional units. The offering is positioned as a combined commercial and residential asset, providing income potential from both apartment units and retail operations.
The property is located at 225 Northwest 17th Street in Miami, Florida, in the Overtown neighborhood. The buildings support a layout that blends neighborhood retail convenience with multifamily living.
For buyers seeking a value-add mixed-use structure, the key components are the grocery store and the multi-unit residential configuration across the two buildings.
The property is located at 225 Northwest 17th Street in Miami, Florida, in the Overtown neighborhood. The buildings support a layout that blends neighborhood retail convenience with multifamily living.
For buyers seeking a value-add mixed-use structure, the key components are the grocery store and the multi-unit residential configuration across the two buildings.
Key Highlights
- Year built 1926
- Mixed‑use property with an on‑site grocery store
- Includes a six‑unit residential complex
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 | $284.2k | $51.96 |
| − Vacancy | −$29.3k | −$5.35 |
| EGI | $254.9k | $46.61 |
| − OpEx | −$76.5k | −$13.98 |
| NOI | $178.4k | $32.63 |
5,469 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$3.69M
$3.23M – $4.31M
NOI $258,413 @ 7.0% cap · market cap 12.92%
Second Best
Retail
$2.55M
$2.23M – $2.97M
NOI $178,430 @ 7.0% cap · market cap 8.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with a grocery store and two residential buildings totaling multiple apartment units.
Where is this mixed-use property located?
The property is located at 225 Northwest 17th Street Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Year built 1926; Mixed‑use property with an on‑site grocery store; Includes a six‑unit residential complex
