Gas Station and Convenience
For Sale
$1,900,000
1601 NW 119 Street, North Miami, FL 33167
The tenant-occupied operation is leased month-to-month, and fuel is not currently sold.
Property Size5,045 SF
Days on Market474
Property Features for 1601 NW 119 Street
General Information
Standard status
Active
Size
5,045 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
Downtown North Miami
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Fuel Supply Obligation
No
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$15,580
Building Details
Building Size
5,045 SF
Year Built
1954
Listing Agency:
BHHS EWM Realty
Listed By:
Vivian Serralta · License #0630620
(305) 772-7717
Source:
Silverleafrealtygroup
Added: Jul 18, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:35PM
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 BHHS EWM Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1954, the property comprises a gas station and convenience store on a corner parcel. The convenience store is occupied under a month-to-month tenancy; fuel sales are currently inactive. The land is included in the sale, and the seller is handling environmental cleanup.
Key Highlights
- Convenience store tenant occupies the property month‑to‑month
- Fuel is not currently sold
- Land is included, with environmental cleanup being handled by the seller
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,121
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,420
$1.9M
Cap Rate 7%
$1,387,443
$1.4M
Cap Rate 9%
$1,079,122
$1.1M
Market Conditions
NOI Build-Up for 5,045 SF
Gross rent
$139.2K $27.60/SF
− Vacancy
−$9.7K −$1.93/SF
EGI
$129.5K $25.67/SF
− OpEx
−$32.4K −$6.42/SF
NOI
$97.1K $19.25/SF
Area
Miami-Dade County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,420
Cap Rate 7%
$1,387,443
Cap Rate 9%
$1,079,122
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,121 @ 7.0% cap · market cap 5.11%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,307 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,168 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 33167, FL
19,142
Population
6,978
Households
2.7
Avg Household Size
40
Median Age
15%
College-Educated
79%
High-School Grad
4.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$59,494
Median Household Income
$31,555
Median Earnings
$1,345
Median Rent
$341,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - The tenant-occupied operation is leased month-to-month, and fuel is not currently sold.
Where is this gas station located?
The property is located at 1601 NW 119 Street North Miami, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Convenience store tenant occupies the property month‑to‑month; Fuel is not currently sold; Land is included, with environmental cleanup being handled by the seller
