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    1818 NW 17th Ave Miami, FL 33125

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    For Sale
    $1,399,999

    Retail, Detached - Miami, FL

    Type:Retail
    Added:
    Apr 23, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 1818 NW 17th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    6100
    Parking features
    On Street
    Standard status
    Active
    APN
    01-31-34-013-0400

    Taxes and HOA fees

    Tax Annual Amount
    10429

    Utilities

    Sewer type
    Other
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1918
    Flooring type
    Hardwood, Wood
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jesse Spencer

    Listing agent Jesse Spencer License #3282789

    Listing office Compass Florida, LLC 1212 Lincoln Rd, Miami, FL

    Listing date Apr 23, 2026

    MLS# A11915625 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Free-Standing Retail Property in Miami

    This free-standing commercial property is located on the corner of NW 17th Ave, a main corridor, and is situated blocks from the River Landing Class A development, the Health District, and numerous other developments. The total lot size is 5,045 square feet with T6-8-O Zoning and includes two structures. The main building, comprising 3,696 square feet, currently operates as a grocery store on the ground level, with storage and office space on the second and third stories. The secondary structure, measuring 741 square feet, is leased to a tire shop, generating an annual gross rent of $38,052. The grocery store will be vacated at closing, presenting an opportunity for an owner-user or repositioning to attract new tenants. Several new multifamily projects are located nearby. This location is suitable for a QSR, restaurant, retail, grocery store, or bank in a rapidly redeveloping neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    San Antonio Corporation Grocery & Convenience Store Santa Barbara Produce Department Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Asad Ahmad — 1465 NW N River Dr UNIT 2601, Miami, FL 33125
    • Riviera Super Market — 1710 NW 17th Ave, Miami, FL 33125
    • Elia — 1440 NW N River Dr Suite 195, Miami, FL 33125
    • El shaddai supermarkert — 1944 nw 17th ave c, miami, fl 33125
    • La Unika Market — 2430 NW 20th St, Miami, FL 33142

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.223495
    Latitude
    25.792288

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    FAQs

    What type of property is this?
    Grocery and convenience store - Corner commercial property near River Landing and Health District.
    Where is this grocery and convenience store located?
    The property is located at 1818 NW 17th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: Prime corner lot location on NW 17th Ave, near River Landing and the Health District.; High‑density T6‑8‑O zoning allows for a variety of commercial uses.; Main building is 3,696 SqFt (currently a grocery store, to be vacated).
    (305) 632-7195
    We can help!
    Listing Contact
    Jesse Spencer
    Real Estate License ID: 3282789
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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