Neighborhood Retail Center
12985 W Dixie Hwy North Miami, FL 33161
For Sale
$2,100,000
SINGLE_FAMILY - North Miami, FL
Property Size7,742 SF
Lot Size0.18 Acres
Price / SF$271.25
Days on Market39
Property Features for 12985 W Dixie Hwy
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
06-22-30-006-0550
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
30 52 42 IRONS MANOR 5TH ADD PB 22-38 LOT 1 & PORT OF ST ABUTTING NE COR PER DB 4252-588 BLK 15 LOT SIZE 7742 SQUARE FEET OR 20507-0481 0702
Tax Annual Amount
13687
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
7
Listing Agency:
Fortune Christie's Intl R.E.
(305) 856-2600
Listed By:
Monica Hurtado · License #3298858
(786) 380-5318
Added: Jun 19
Changed: Jun 30
Last Checked: Jul 27 at 11:06AM
MLS# A11897492
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased neighborhood retail center consists of a 7,742 SF building built in 1956 and configured as seven individual retail units. The property is described as stabilized and currently generates gross income of $146,936 with estimated NOI of $133,249, reflecting a 6.66% cap rate. All seven units are leased to established tenants on 2–3 year terms, providing continuity of occupancy. The offering also notes that several rents are below market and that one unit is underperforming, with a detailed rent roll and financials available with NDA.
The center is located on a high-visibility corner at 12985 W Dixie Hwy in North Miami, in Miami-Dade County. The property is positioned to benefit from strong frontage and parking, and it is described as having steady traffic exposure. It is also identified as being zoned 6600, and the surrounding area is described as having ongoing development.
With multiple independently leased retail suites, the asset can appeal to buyers seeking a neighborhood retail investment with current income and lease-backed operating history. For prospective tenants, the mix of seven units may support a range of neighborhood-oriented concepts, subject to lease terms and unit availability as provided in the rent roll and leasing materials.
The center is located on a high-visibility corner at 12985 W Dixie Hwy in North Miami, in Miami-Dade County. The property is positioned to benefit from strong frontage and parking, and it is described as having steady traffic exposure. It is also identified as being zoned 6600, and the surrounding area is described as having ongoing development.
With multiple independently leased retail suites, the asset can appeal to buyers seeking a neighborhood retail investment with current income and lease-backed operating history. For prospective tenants, the mix of seven units may support a range of neighborhood-oriented concepts, subject to lease terms and unit availability as provided in the rent roll and leasing materials.
Key Highlights
- Fully leased 7‑unit neighborhood retail center on a high‑visibility corner at 12985 W Dixie Hwy, North Miami
- 6,66% cap rate based on $146,936 gross income and an estimated $133,249 NOI
- 7,742 SF retail building with strong frontage and on‑site parking
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 | $204.4k | $26.40 |
| − Vacancy | −$17.4k | −$2.24 |
| EGI | $187.0k | $24.16 |
| − OpEx | −$56.1k | −$7.25 |
| NOI | $130.9k | $16.91 |
7,742 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $130,911 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.93M
$3.44M – $4.58M
NOI $274,949 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Beauty Supply Rajul Inc — 488 NE 125th St, North Miami, FL 33161
- Dixie Crossings — 13550 NE 10th Ave, Miami, FL 33161
- Hana Bty Supply and more — 12835 NE 6th Ave, North Miami, FL 33161
- Unique Dixie Plaza — 13900 NE 12th Ave, North Miami, FL 33161
- Casa de adriana pirela + apts — 1245 NE 127th St, North Miami, FL 33161
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased 7-unit retail center with parking and strong corner frontage for neighborhood-oriented tenants.
Where is this shopping center located?
The property is located at 12985 W Dixie Hwy North Miami, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully leased 7‑unit neighborhood retail center on a high‑visibility corner at 12985 W Dixie Hwy, North Miami; 6,66% cap rate based on $146,936 gross income and an estimated $133,249 NOI; 7,742 SF retail building with strong frontage and on‑site parking
