South Dixie Retail Strip Center

For Sale

$3,900,000

14301 S Dixie Hwy, Miami, FL 33176

For sale retail strip center with an approximate 9,000 building size in Miami, Florida.

Property Size9,000 SF

Price / SF$433.33

Days on Market96

Property Features for 14301 S Dixie Hwy

General Information

Standard status Active

Size 9,000 SF

Property subtype Shopping Strip

Additional Details

Cap Rate 7.06%

Amenities

Value-Add Retail Strip Center Investment Opportunity, Featuring Major Upside Through Lease-Up of Two of Four Units, Totaling 50% of the GLA

Located on US-1/South Dixie Highway with Direct Frontage and Exposure to Over 57,500 Vehicles Per Day, Providing Exceptional Visibility for Tenant

Positioned in the Heart of Palmetto Bay, a Densely Populated, Affluent Residential Corridor of South Miami-Dade County.

Dense National Credit Retail Corridor Featuring Publix, Target, BJ's Wholesale, Trader Joe's, Whole Foods, Marshalls, and The Home Depot

Building Details

Building Size 9,000 SF

Year Built 1986

Listing Agency: Marcus & Millichap | Miami

Listed By: Kirk Olson · License #License(s): FL: SL3113669

Source: Marcusmillichap

Added: Jul 10 Changed: Oct 13 Last Checked: Oct 12 at 4:53PM

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 Marcus & Millichap | Miami

Investment Insights

Based on property information with market context.

South Dixie Strip Center is a for-sale retail strip center. The property’s size is listed at approximately 9,000.

The offering is located at 14301 S Dixie Hwy in Miami, Florida.

This is a commercial retail property opportunity presented by Marcus & Millichap.

Key Highlights

South Dixie strip center built in 1986
Retail strip center in Miami, Florida
Approx. 9,000 building size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$293,631

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,872,620 $5.9M

Cap Rate 7%

$4,194,729 $4.2M

Cap Rate 9%

$3,262,567 $3.3M

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$467.6K $51.96/SF

− Vacancy

−$48.2K −$5.35/SF

EGI

$419.5K $46.61/SF

− OpEx

−$125.8K −$13.98/SF

NOI

$293.6K $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%

$5,872,620

Cap Rate 7%

$4,194,729

Cap Rate 9%

$3,262,567

Alternative Uses

Best Use

Retail

$4.19M

$3.67M – $4.89M (±1% cap)

NOI $293,631 @ 7.0% cap · market cap 7.53%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$6.08M

$5.32M – $7.09M (±1% cap)

NOI $425,254 @ 7.0% cap · market cap 10.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

UPS Access Point ... Courier Service Alco Windows and Doors Hardware & Home Improvement ABC Adams Towing's Auto Repair Shop Advance Auto Parts Auto Parts Store