Free Standing Building For
For Sale
$3,500,000
1365 SW 22nd Street, Miami, FL 33142
Free standing building with redevelopment potential in a prime location.
Property Size3,173 SF
Days on Market203
Property Features for 1365 SW 22nd Street
General Information
Standard status
Active
Size
3,173 SF
Zoning
6100
Site & Location
Neighborhood
Allapattah Industrial District
Taxes and HOA fees
Annual Taxes
$16,942
Amenities
Central Air, Electric, Gas
Central
On Street
Building Details
Building Size
3,173 SF
Year Built
1953
Buildings
1
Stories
1
Listing Agency:
Re/Max Consultants Realty I
Listed By:
Luis Felipe Mehech Musalem · License #3438719
(305) 205-8935
Source:
Evrealestate
Added: Apr 10
Changed: Oct 25
Last Checked: Oct 28 at 7:49AM
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 Re/Max Consultants Realty I
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Investment Insights
Based on property information with market context.
This free-standing building is available for sale and offers owner financing with 50% down payment. The property is currently vacant, presenting a blank slate for redevelopment or leasing. Previously, the building accommodated a restaurant in two units and a hair salon in one unit. New impact windows were installed, and re-certification was completed in 2025. The location is considered a Walker's Paradise with a walk score of 93 and has good transit with a transit score of 54. It is also bikeable, with a bike score of 62.
Key Highlights
- Owner financing available with 50% down payment
- Free standing building
- High walk score of 93 – a walker's paradise
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,521
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,420
$2.1M
Cap Rate 7%
$1,478,871
$1.5M
Cap Rate 9%
$1,150,233
$1.2M
Market Conditions
NOI Build-Up for 3,173 SF
Gross rent
$164.9K $51.96/SF
− Vacancy
−$17.0K −$5.35/SF
EGI
$147.9K $46.61/SF
− OpEx
−$44.4K −$13.98/SF
NOI
$103.5K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,420
Cap Rate 7%
$1,478,871
Cap Rate 9%
$1,150,233
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.73M
NOI $103,521 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,926 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Free standing building with redevelopment potential in a prime location.
Where is this retail space located?
The property is located at 1365 SW 22nd Street Miami, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Owner financing available with 50% down payment; Free standing building; High walk score of 93 – a walker's paradise
