Spacious Retail Storefront with
16525 NW 27th Ave Miami Gardens, FL 33054
For Sale
$2,750,000
8000 SF retail space with high ceilings and parking.
Property Size8,000 SF
Price / SF$343.75
Days on Market738
Property Features for 16525 NW 27th Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing Agency:
Realty Hub
(305) 439-4363
Listed By:
Alan Waserstein · License #0438224
(305) 439-4363
Source:
Exitrealty
Added: Jul 20, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:32AM
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 Realty Hub
Investment Insights
Based on property information with market context.
This retail storefront, previously operated as a family dollar for over 15 years, offers 8000 square feet of contiguous space with high ceilings. The property is located on the corner of 27th Avenue, providing parking both in front and at the rear of the store. Delivery access is available for 18-wheelers. The property is in good condition and includes ADA-compliant bathrooms from the year 2000. Situated right off the highway, the location benefits from high traffic and great exposure, with a local bus route and many businesses nearby. The property may be considered for division for the right tenant. Family Dollar is scheduled to vacate in December.
Key Highlights
- 8000 sq ft of contiguous retail space.
- High ceilings.
- Corner lot location with front and rear parking.
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 | $146.9k | $18.36 |
| − Vacancy | −$8.1k | −$1.01 |
| EGI | $138.8k | $17.35 |
| − OpEx | −$41.6k | −$5.21 |
| NOI | $97.2k | $12.15 |
8,000 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,720 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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Similar Off Market Nearby
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FAQs
What type of property is this?
Storefront property - 8000 SF retail space with high ceilings and parking.
Where is this storefront property located?
The property is located at 16525 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 8000 sq ft of contiguous retail space.; High ceilings.; Corner lot location with front and rear parking.
