Mixed-Use Property with Auto
1523 W Flagler St, Miami, FL 33135
For Sale
Contact for pricing
Flagler Street property offers space for retail, vehicle sales, and vehicle storage uses.
Property Size13,000 SF
Price / SF$0.62
Days on Market50
Property Features for 1523 W Flagler St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
0.29844 acres
Parcel Number: 01-41-02-006-0171, Public Survey Range: 41, Public Survey Section: 2, Public Survey Township: 41, Legal Description: 2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 18 BLK 64 LOT SIZE 50.000 X 150 OR 15929-0295 0593 1 COC 21685-4253 09 2003 4, Zoning: 6100
Listing ID: A12093465, Standard Status: Active, MLS Status: Active, Property Subtype: Mixed Use, On market as of 2026-09-22, 44 days on market, Special Conditions: Lease
Built in 1984, Living area: 13000, Living area units: Square Feet
County/Parish: Miami-Dade County
Leasable area: 200, Leasable area units: Square Feet
Building Details
Year Built
Listing Agency:
Floridian First Realty Corp
(305) 667-5235
Listed By:
Lais Same · License FL #3570917
(786) 280-8680
Source:
Riserealty
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 7:54AM
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 Floridian First Realty Corp
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Investment Insights
Based on property information with market context.
At 1523 W Flagler St in Miami, this 13,000-square-foot mixed-use property combines retail and automotive space with parking facilities. The building dates to 1984, and the stated use restrictions exclude mechanic and automotive repair work.
The property sits along the Flagler Street corridor, with connectivity to Little Havana, Downtown Miami, Brickell, and nearby neighborhoods. Potential uses identified for the space include vehicle sales, tire retail, automotive accessories, and vehicle storage.
The property sits along the Flagler Street corridor, with connectivity to Little Havana, Downtown Miami, Brickell, and nearby neighborhoods. Potential uses identified for the space include vehicle sales, tire retail, automotive accessories, and vehicle storage.
Key Highlights
- 13,000 SF of retail and automotive space
- Parking facilities on site
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,650
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,493,000
$3.5M
Cap Rate 7%
$2,495,000
$2.5M
Cap Rate 9%
$1,940,556
$1.9M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$262.1K $20.16/SF
− Vacancy
−$12.6K −$0.97/SF
EGI
$249.5K $19.19/SF
− OpEx
−$74.9K −$5.76/SF
NOI
$174.7K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,493,000
Cap Rate 7%
$2,495,000
Cap Rate 9%
$1,940,556
Alternative Uses
Best Use
Retail
$6.06M
$5.30M – $7.07M
NOI $424,134 @ 7.0% cap
Second Best
Mixed Use
$4.39M
$3.84M – $5.12M
NOI $307,125 @ 7.0% cap
Theoretical Best
Specialty Retail
$8.78M
$7.68M – $10.24M
NOI $614,256 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,345
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Miami, FL
Properties on Market for Mixed-use properties in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flagler Street property offers space for retail, vehicle sales, and vehicle storage uses.
Where is this mixed-use property located?
The property is located at 1523 W Flagler St Miami, FL.
What are key features of this property?
This property features: 13,000 SF of retail and automotive space; Parking facilities on site; Built in 1984
