Flexible Mixed-Use
For Sale
Contact for pricing
18356 W Dixie Highway, North Miami Beach, FL 33160
Flexible zoning supports consideration of automotive, marine, retail, child-care, and pet-care uses.
Property Size1,800 SF
Price / SF$2.78
Days on Market71
Property Features for 18356 W Dixie Highway
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Mixed Use
Building Details
Year Built
1971
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Gary S Gross · License #0477076
(305) 588-3873
Source:
Lehmannflorida
Added: Aug 19
Changed: Oct 27
Last Checked: Oct 28 at 6:54AM
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 Lokation
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Investment Insights
Based on property information with market context.
This mixed-use property dates to 1971 and offers zoning flexibility for several commercial applications. The identified use possibilities include automotive and marine services, with conversion potential for retail, child care, or pet care. The property is located at 18356 W Dixie Hwy in North Miami Beach, adjacent to Sherwin Williams. Its range of stated use options provides a basis for evaluating service-oriented, retail, and care-related concepts within the existing property.
Key Highlights
- Flexible zoning
- Potential automotive or marine service use
- Conversion potential for retail, child care, or pet care
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,640
$388.6K
Cap Rate 7%
$277,600
$277.6K
Cap Rate 9%
$215,911
$215.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.4K $16.32/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$27.8K $15.42/SF
− OpEx
−$8.3K −$4.63/SF
NOI
$19.4K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,640
Cap Rate 7%
$277,600
Cap Rate 9%
$215,911
Alternative Uses
Best Use
Mixed Use
$443.6K
$388.1K – $517.5K
NOI $31,050 @ 7.0% cap · market cap 621.00%
Second Best
Retail
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 608.74%
Theoretical Best
Office A
$913.2K
$799.1K – $1.07M
NOI $63,925 @ 7.0% cap · market cap 1,278.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
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Business Placement
Demographics for 33160, FL
44,085
Population
33,749
Households
1.3
Avg Household Size
48
Median Age
49%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
10,019
Density / Sq Mi
$62,413
Median Household Income
$43,035
Median Earnings
$1,990
Median Rent
$360,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible zoning supports consideration of automotive, marine, retail, child-care, and pet-care uses.
Where is this mixed-use property located?
The property is located at 18356 W Dixie Highway North Miami Beach, FL.
What are key features of this property?
This property features: Flexible zoning; Potential automotive or marine service use; Conversion potential for retail, child care, or pet care
