City Club Mixed-Use
1525 NW 3rd Ave Miami, FL 33136
For Sale
Contact for pricing
Two-story building with retail space on the first floor and leased office units on the second floor.
Property Size2,800 SF
Price / SF$714.29
Days on Market1353
Property Features for 1525 NW 3rd Ave
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- RETAIL
Listing Agency:
Neighbors Realty LLC
(305) 785-4340
Listed By:
Alejandro Riocabo · License #0303368
(305) 785-4340
Source:
Moodyscre
Added: Nov 11, 2022
Changed: Jul 25
Last Checked: Jul 25 at 2:22PM
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 Neighbors Realty LLC
Investment Insights
Based on property information with market context.
This city club mixed-use building includes retail space on the first floor and six office units on the second floor. The first floor is currently leased, and the second floor is leased to a real estate company under separate terms.
According to the provided information, the first-floor lease is structured as $22.00 NNN per square foot. The second-floor lease is listed at $1,600 per month NNN.
The first floor is noted to be available for lease or use soon, depending on how the new occupancy is arranged.
According to the provided information, the first-floor lease is structured as $22.00 NNN per square foot. The second-floor lease is listed at $1,600 per month NNN.
The first floor is noted to be available for lease or use soon, depending on how the new occupancy is arranged.
Key Highlights
- Two‑story building with retail space on the first floor and leased office units on the second floor
- First‑floor retail leased at $22.00 NNN per sq ft
- Second‑floor offices leased at $1,600.00 per month NNN
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.5k | $51.96 |
| − Vacancy | −$15.0k | −$5.35 |
| EGI | $130.5k | $46.61 |
| − OpEx | −$39.2k | −$13.98 |
| NOI | $91.4k | $32.63 |
2,800 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.52M
NOI $91,352 @ 7.0% cap · market cap 4.57%
Second Best
Office B
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,301 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Costa Rica Fishing
Tour Operator
1LOVE Center
Community Center
Art of Healing Community ...
Art Gallery
FAQs
What type of property is this?
Retail space - Two-story building with retail space on the first floor and leased office units on the second floor.
Where is this retail space located?
The property is located at 1525 NW 3rd Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two‑story building with retail space on the first floor and leased office units on the second floor; First‑floor retail leased at $22.00 NNN per sq ft; Second‑floor offices leased at $1,600.00 per month NNN
