Corner Automotive
For Sale
Contact for pricing
15551 W Dixie Highway, North Miami Beach, FL 33162
Established automotive-use site with vehicle storage, office improvements, and additional on-site capacity subject to approval.
Property Size2,500 SF
Lot Size0.34 Acres
Price / SF$3.20
Days on Market80
Property Features for 15551 W Dixie Highway
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.34 Acres
Property subtype
Business
Site & Location
Neighborhood
Cakegrove
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
All Nations Realty of Florida, LLC
(305) 705-0050
Listed By:
Isaac Feldman · License #3553370
(305) 785-3200
Source:
Lehmannflorida
Added: Aug 18
Changed: Nov 5
Last Checked: Nov 4 at 4:01PM
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 All Nations Realty of Florida, LLC
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Investment Insights
Based on property information with market context.
This automotive property at 15551 W Dixie Highway includes a corner site with established automotive use and office improvements. The primary area comprises an approximately 15,000-square-foot lot with space for about 50 vehicles and an approximately 2,000-square-foot office. A separate on-site area adds approximately 7,000 square feet of lot area, capacity for about 30 vehicles, and an approximately 630-square-foot office.
The property is in North Miami Beach, Florida, and was built in 1956. Potential applications identified for the site include auto sales, car rental or leasing, fleet operations, and other related automotive uses, subject to permitted-use requirements and governmental approval. Other portions of the property remain occupied.
The property is in North Miami Beach, Florida, and was built in 1956. Potential applications identified for the site include auto sales, car rental or leasing, fleet operations, and other related automotive uses, subject to permitted-use requirements and governmental approval. Other portions of the property remain occupied.
Key Highlights
- Approximately 15,000 SF primary lot with capacity for about 50 vehicles
- Approximately 2,000 SF office serving the primary automotive area
- Additional approximately 7,000 SF lot with space for about 30 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,989
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,780
$539.8K
Cap Rate 7%
$385,557
$385.6K
Cap Rate 9%
$299,878
$299.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$40.8K $16.32/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$38.6K $15.42/SF
− OpEx
−$11.6K −$4.63/SF
NOI
$27.0K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,780
Cap Rate 7%
$385,557
Cap Rate 9%
$299,878
Alternative Uses
Best Use
Retail
$603.9K
$528.4K – $704.6K
NOI $42,273 @ 7.0% cap · market cap 528.41%
Second Best
Industrial
$385.6K
$337.4K – $449.8K
NOI $26,989 @ 7.0% cap · market cap 337.36%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,785 @ 7.0% cap · market cap 1,109.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Established automotive-use site with vehicle storage, office improvements, and additional on-site capacity subject to approval.
Where is this automotive property located?
The property is located at 15551 W Dixie Highway North Miami Beach, FL.
What are key features of this property?
This property features: Approximately 15,000 SF primary lot with capacity for about 50 vehicles; Approximately 2,000 SF office serving the primary automotive area; Additional approximately 7,000 SF lot with space for about 30 vehicles
