Retail Strip Mall
1720 NW 183rd St Miami Gardens, FL 33056
For Sale
$775,000
Pending
For sale retail strip mall property at 1720 NW 183rd St in Miami Gardens.
Property Size4,773 SF
Days on Market2014
Property Features for 1720 NW 183rd St
General Information
Standard status
Pending
Size
4,773 SF
Property subtype
General Commercial
Building Details
Year Built
1960
Listing Agency:
APEX Capital Realty LLC
(201) 264-0113
Listed By:
Jamie Maniscalco · License #3391005
(201) 264-0113
Source:
Xome
Added: Jan 22, 2021
Changed: Jul 27
Last Checked: Jul 27 at 11:25PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This for-sale retail strip mall is offered as a storefront-focused commercial property at 1720 NW 183rd St in Miami Gardens, Florida 33056. The asset is categorized as a strip mall and retail property, with commercial real estate marketed for sale.
Additional specifics regarding suite configuration, tenant occupancy, frontage, and condition were not provided with the listing information. Interested parties should inquire for details on the current layout and any income or vacancy considerations.
For buyers evaluating retail storefront holdings, this property provides a straightforward strip mall asset as presented in the provided materials.
Additional specifics regarding suite configuration, tenant occupancy, frontage, and condition were not provided with the listing information. Interested parties should inquire for details on the current layout and any income or vacancy considerations.
For buyers evaluating retail storefront holdings, this property provides a straightforward strip mall asset as presented in the provided materials.
Key Highlights
- Retail strip mall for sale at 1720 NW 183rd St, Miami Gardens
- Year built: 1960
- Guest facilities: 3
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 | $87.6k | $18.36 |
| − Vacancy | −$4.8k | −$1.01 |
| EGI | $82.8k | $17.35 |
| − OpEx | −$24.8k | −$5.21 |
| NOI | $58.0k | $12.15 |
4,773 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$828.1K
$724.6K – $966.2K
NOI $57,969 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,469 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - For sale retail strip mall property at 1720 NW 183rd St in Miami Gardens.
Where is this strip mall located?
The property is located at 1720 NW 183rd St Miami Gardens, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Retail strip mall for sale at 1720 NW 183rd St, Miami Gardens; Year built: 1960; Guest facilities: 3
