South Dixie Retail Strip
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 Market51
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
(786) 522-7064
Listed By:
Kirk Olson · License #License(s): FL: SL3113669
(786) 522-7064
Source:
Marcusmillichap
Added: Jul 10
Changed: Aug 8
Last Checked: Aug 29 at 6:07AM
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
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.
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 = 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
$293,631
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
7.53%
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%
$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
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
$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 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%
$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
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
NOI $425,254 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
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?
Strip mall - For sale retail strip center with an approximate 9,000 building size in Miami, Florida.
Where is this strip mall located?
The property is located at 14301 S Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: South Dixie strip center built in 1986; Retail strip center in Miami, Florida; Approx. 9,000 building size
