1818 NW 17th Ave Miami, FL 33125
SINGLE_FAMILY - Miami, FL
Property Features for 1818 NW 17th Ave
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 01-31-34-013-0400
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- BELLEVUE SUB PB 3-119 LOT 48 LESS W17FT LOT SIZE 41.00 X 123 OR 20540-0083 0702 1
Building Details
- Year built
- 1918
Listing agent Grecia Araujo License #3347644 (203) 913-6485
Listing office Compass Florida, LLC 1212 Lincoln Rd Suite 113, Miami, FL (305) 851-2820
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
Located on the corner of NW 17th Avenue, a main corridor just blocks from the Class A River Landing development and the Health District, the property sits in an actively redeveloping area with numerous nearby projects. The property is described with flexible T6-8-O zoning.
At closing, the property can be delivered vacant. The listing also notes that business equipment and licenses tied to the existing grocery operation may be negotiated as part of the purchase, including a scale license and tobacco sales and beer & wine capabilities, depending on the buyer’s intended use.
Key Highlights
- Free‑standing commercial property on a hard corner at NW 17th Avenue with 5,045 SF lot and two structures.
- Main building totals 3,696 SF and includes ground‑floor owner‑operated grocery plus storage/office space on upper levels.
- Secondary structure totals 741 SF and is leased to a tire shop for in‑place rental income.
Local Financial Insights For Industrial
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 | $89.4k | $20.16 |
| − Vacancy | −$4.3k | −$0.97 |
| EGI | $85.2k | $19.19 |
| − OpEx | −$25.5k | −$5.76 |
| NOI | $59.6k | $13.43 |
Alternative Uses
Property Analytics
Current Use by Public Records
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