Multi-Tenant Retail
For Sale
Contact for pricing
Pending
14227-14229 S Dixie Hwy, Miami, FL 33176
Multi-tenant retail property with strong South Dixie Highway visibility and long-term local operations.
Property Size5,100 SF
Days on Market58
Property Features for 14227-14229 S Dixie Hwy
General Information
Standard status
Pending
Size
5,100 SF
Class
B
Total Parking Spaces
10
Property subtype
Retail
Zoning
B-2
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Financials
Cap Rate
8.51%
Business Included
Yes
Additional Details
Traffic Count
64,500 vehicles/day
Building Details
Year Built
1957
Units
10
Tenancy
Multi
Listing Agency:
Franklin Street
Listed By:
Dylan Morse · License #SL3500133
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 24 at 6:08AM
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 Franklin Street
Investment Insights
Based on property information with market context.
14227-14229 S Dixie Highway is a multi-tenant retail building configured to serve multiple businesses under one roof. The property totals 5,100 square feet and is currently occupied by Miami Wheels, Clippers Barber Shop, and Freeway Insurance. Miami Wheels occupies approximately 50% of the building and is on a month-to-month lease, which can support an owner-user looking for immediate occupancy or an investor seeking flexibility. All tenants are operating under gross leases and are paying below-market rents, creating an opportunity tied to lease rollover and rent adjustments.
The building is positioned along South Dixie Highway, one of South Miami’s busiest commercial corridors, with visibility supported by more than 64,500 vehicles passing the site daily. The tenant mix reflects established neighborhood demand, with each of the current operators operating from the location for over 30 years. The surrounding retail environment includes national brands such as Publix, BJ's Wholesale Club, TJ Maxx, Marshalls, Five Below, CVS, Starbucks, Chase, and Wells Fargo.
From a tenant fit perspective, this setup can accommodate retail operators that benefit from storefront presence on a high-traffic corridor. For buyers, the combination of an occupied multi-tenant asset, a month-to-month component, and gross-lease structures that may be converted to NNN over time supports both investment and owner-user strategies within a strong retail trade area.
The building is positioned along South Dixie Highway, one of South Miami’s busiest commercial corridors, with visibility supported by more than 64,500 vehicles passing the site daily. The tenant mix reflects established neighborhood demand, with each of the current operators operating from the location for over 30 years. The surrounding retail environment includes national brands such as Publix, BJ's Wholesale Club, TJ Maxx, Marshalls, Five Below, CVS, Starbucks, Chase, and Wells Fargo.
From a tenant fit perspective, this setup can accommodate retail operators that benefit from storefront presence on a high-traffic corridor. For buyers, the combination of an occupied multi-tenant asset, a month-to-month component, and gross-lease structures that may be converted to NNN over time supports both investment and owner-user strategies within a strong retail trade area.
Key Highlights
- Multi‑tenant retail property built in 1957 with 5,100 SF at 14227‑14229 S Dixie Highway
- South Dixie Highway frontage with 64,500+ vehicles passing the site daily, offering strong corridor exposure
- Three long‑term tenants: Miami Wheels, Clippers Barber Shop, and Freeway Insurance, all operating from the site for 30+ years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,391
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,327,820
$3.3M
Cap Rate 7%
$2,377,014
$2.4M
Cap Rate 9%
$1,848,789
$1.8M
Market Conditions
NOI Build-Up for 5,100 SF
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.
Gross rent
$265.0K $51.96/SF
− Vacancy
−$27.3K −$5.35/SF
EGI
$237.7K $46.61/SF
− OpEx
−$71.3K −$13.98/SF
NOI
$166.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,327,820
Cap Rate 7%
$2,377,014
Cap Rate 9%
$1,848,789
Alternative Uses
Best Use
Retail
$2.38M
$2.08M – $2.77M
NOI $166,391 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.02M
NOI $240,977 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
64,500 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33176, FL
52,370
Population
20,309
Households
2.6
Avg Household Size
44
Median Age
43%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,328
Density / Sq Mi
$80,437
Median Household Income
$45,040
Median Earnings
$1,666
Median Rent
$568,400
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail property with strong South Dixie Highway visibility and long-term local operations.
Where is this storefront property located?
The property is located at 14227-14229 S Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Multi‑tenant retail property built in 1957 with 5,100 SF at 14227‑14229 S Dixie Highway; South Dixie Highway frontage with 64,500+ vehicles passing the site daily, offering strong corridor exposure; Three long‑term tenants: Miami Wheels, Clippers Barber Shop, and Freeway Insurance, all operating from the site for 30+ years
