Automotive Property With
For Sale
$1,500,000
1650 NW 27th Ave, Miami, FL 33125
Income-producing automotive property comprising three parcels with frontage along NW 27th Avenue.
Property Size2,300 SF
Lot Size0.41 Acres
Price / SF$652.17
Days on Market34
Property Features for 1650 NW 27th Ave
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.41 Acres
Additional Details
Road Access
Yes
Land Use
commercial, residential, automotive
Building Details
Year Built
1938
Listing Agency:
Privee Real Estate INC
(305) 815-3343
Listed By:
Elizabeth Fernandez · License #3476973
Source:
Thepennteam
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 8:21PM
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 Privee Real Estate INC
Investment Insights
Based on property information with market context.
This automotive property combines three parcels offered together, including one commercially zoned parcel along NW 27th Avenue and two adjoining residential parcels. The assemblage totals approximately 18,000+ square feet, with a 2,300-square-foot property component and a 1938 construction date. Automotive operations currently occupy the site, which is income-producing.
The property is positioned in Miami-Dade County near major roadways, established commercial activity, and surrounding residential neighborhoods. Miami International Airport and the future Miami Freedom Park are also nearby. Additional commercial or mixed-use applications may be possible, subject to applicable zoning and municipal approvals.
The property is positioned in Miami-Dade County near major roadways, established commercial activity, and surrounding residential neighborhoods. Miami International Airport and the future Miami Freedom Park are also nearby. Additional commercial or mixed-use applications may be possible, subject to applicable zoning and municipal approvals.
Key Highlights
- Three‑parcel assemblage offered together
- Approximately 18,000+ square feet of combined land area
- One commercially zoned parcel fronts NW 27th Avenue
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
$75,039
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
5.00%
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%
$1,500,780
$1.5M
Cap Rate 7%
$1,071,986
$1.1M
Cap Rate 9%
$833,767
$833.8K
Market Conditions
NOI Build-Up for 2,300 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
$119.5K $51.96/SF
− Vacancy
−$12.3K −$5.35/SF
EGI
$107.2K $46.61/SF
− OpEx
−$32.2K −$13.98/SF
NOI
$75.0K $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%
$1,500,780
Cap Rate 7%
$1,071,986
Cap Rate 9%
$833,767
Alternative Uses
Best Use
Retail
$1.07M
$938.0K – $1.25M
NOI $75,039 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$441.4K
$386.3K – $515.0K
NOI $30,900 @ 7.0% cap · market cap 2.06%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,676 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,469
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Income-producing automotive property comprising three parcels with frontage along NW 27th Avenue.
Where is this auto shop located?
The property is located at 1650 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three‑parcel assemblage offered together; Approximately 18,000+ square feet of combined land area; One commercially zoned parcel fronts NW 27th Avenue
