Three-Level Grocery
For Sale
Contact for pricing
1818 NW 17th Ave, Miami, FL 33125
Ground-floor retail is paired with storage and office areas on the upper floors.
Property Size3,696 SF
Price / SF$3.79
Days on Market49
Property Features for 1818 NW 17th Ave
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Commercial
Site & Location
Neighborhood
Curtis Park
Additional Details
Currently Operating
Yes
Building Details
Year Built
1918
Buildings
1
Stories
3
Listing Agency:
Compass Florida, LLC
Listed By:
Grecia Araujo · License #3347644
(305) 851-2820
Source:
Gosenproperties
Added: Sep 14
Changed: Oct 28
Last Checked: Oct 28 at 4:31PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This freestanding, three-level retail building contains 3,696 square feet. The ground floor is configured for retail and is currently used as a grocery store, while the second and third floors provide storage and office space. The property was built in 1918.
At the corner of NW 17th Avenue, the building is a few blocks from River Landing and the Health District. Several multifamily developments are under construction in the surrounding area. Existing grocery-related licenses, including scale, tobacco sales, and beer and wine licenses, may be available for negotiation.
At the corner of NW 17th Avenue, the building is a few blocks from River Landing and the Health District. Several multifamily developments are under construction in the surrounding area. Existing grocery-related licenses, including scale, tobacco sales, and beer and wine licenses, may be available for negotiation.
Key Highlights
- 3,696 square feet across three levels
- Ground‑floor retail space currently used as a grocery store
- Upper floors provide storage and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,585
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,411,700
$2.4M
Cap Rate 7%
$1,722,643
$1.7M
Cap Rate 9%
$1,339,833
$1.3M
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$192.0K $51.96/SF
− Vacancy
−$19.8K −$5.35/SF
EGI
$172.3K $46.61/SF
− OpEx
−$51.7K −$13.98/SF
NOI
$120.6K $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 Rate 5%
$2,411,700
Cap Rate 7%
$1,722,643
Cap Rate 9%
$1,339,833
Alternative Uses
Best Use
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,638 @ 7.0% cap · market cap 1,247.41%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,585 @ 7.0% cap · market cap 861.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,726
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Elia — 1440 NW N River Dr Suite 195, Miami, FL 33125
- Asad Ahmad — 1465 NW N River Dr UNIT 2601, Miami, FL 33125
- Riviera Super Market — 1710 NW 17th Ave, Miami, FL 33125
- La Unika Market — 2430 NW 20th St, Miami, FL 33142
- El shaddai supermarkert — 1944 nw 17th ave c, miami, fl 33125
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Ground-floor retail is paired with storage and office areas on the upper floors.
Where is this grocery and convenience store located?
The property is located at 1818 NW 17th Ave Miami, FL.
What are key features of this property?
This property features: 3,696 square feet across three levels; Ground‑floor retail space currently used as a grocery store; Upper floors provide storage and office space
