Triple-Net Multifamily
For Sale
Contact for pricing
17560 NW 27 Avenue #124, Miami Gardens, FL 33056
For sale multifamily property offered under a triple net commercial lease with a $750 monthly CAM fee.
Property Size30,000 SF
Price / SF$0.07
Days on Market118
Property Features for 17560 NW 27 Avenue #124
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Multi Family
Lease Type
NNN
Site & Location
Neighborhood
Town Center
Listing Agency:
Castillo & Associates Real Estate, Inc
Listed By:
Maydelin Castillo Florez · License #3251567
(305) 778-5383
Source:
Lehmannflorida
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 24 at 6:02PM
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 Castillo & Associates Real Estate, Inc
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Investment Insights
Based on property information with market context.
This for-sale multifamily property is offered under a triple net commercial lease structure. Public remarks also note a monthly CAM fee of $750.00.
The property is located at 17560 NW 27 Avenue, Unit 124, in Miami Gardens, Florida 33056. For viewing or additional lease details, interested parties should coordinate directly with the listing representative.
The property is located at 17560 NW 27 Avenue, Unit 124, in Miami Gardens, Florida 33056. For viewing or additional lease details, interested parties should coordinate directly with the listing representative.
Key Highlights
- Triple net (NNN) commercial lease in place
- Monthly CAM fee of $750
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$398,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,978,140
$8.0M
Cap Rate 7%
$5,698,671
$5.7M
Cap Rate 9%
$4,432,300
$4.4M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$741.6K $24.72/SF
− Vacancy
−$16.3K −$0.54/SF
EGI
$725.3K $24.18/SF
− OpEx
−$326.4K −$10.88/SF
NOI
$398.9K $13.30/SF
Area
Miami Gardens, FL
Vacancy
2.20%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,978,140
Cap Rate 7%
$5,698,671
Cap Rate 9%
$4,432,300
Alternative Uses
Best Use
Apartment 5plus
$5.70M
$4.99M – $6.65M
NOI $398,907 @ 7.0% cap · market cap 19,945.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.93M
$7.81M – $10.42M
NOI $625,199 @ 7.0% cap · market cap 31,259.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
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Business Placement
Demographics for 33056, FL
36,556
Population
12,155
Households
3
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
6.1 sq mi
ZIP Area
5,993
Density / Sq Mi
$62,255
Median Household Income
$33,179
Median Earnings
$1,659
Median Rent
$332,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property offered under a triple net commercial lease with a $750 monthly CAM fee.
Where is this multifamily property located?
The property is located at 17560 NW 27 Avenue #124 Miami Gardens, FL.
What are key features of this property?
This property features: Triple net (NNN) commercial lease in place; Monthly CAM fee of $750
