Retail/Showroom Building on Prime
For Sale
Contact for pricing
19450 NW 27th Ave, Miami Gardens, FL 33056
Well-maintained retail/showroom on 1.72 acres in Miami Gardens.
Property Size19,366 SF
Lot Size1.72 Acres
Price / SF$335.64
Days on Market216
Property Features for 19450 NW 27th Ave
General Information
Standard status
Active
Size
19,366 SF
Class
A
Total Parking Spaces
71
Lot size
1.72 Acres
Property subtype
Industrial, Retail
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
2008
Year Renovated
2021
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Howard Bregman · License #FL SL 3233326
Source:
Crexi
Added: Jan 19
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
The property at 19450 NW 27th Avenue, Miami Gardens, Florida, is a 19,366 square foot retail/showroom building situated on 1.72 acres. It is located on a hard corner at a signalized intersection, with 109 feet of direct frontage on NW 27th Avenue. The building has been exceptionally maintained and features a large parking field with 71 spaces. The property is positioned in a heavy residential and retail corridor, near Hard Rock Stadium (NW 199th Street) and north of Miami Gardens Drive. Surrounding businesses include Walmart Supercenter, Starbucks, McDonald’s, Aldi, Wells Fargo, Crunch Fitness, YouFit Gym, O’Reilly Auto Parts, Dunkin’ Donuts, and Tire Kingdom. The property will be delivered vacant upon sale, offering an opportunity to acquire a retail/showroom in a high barrier of entry marketplace.
Key Highlights
- Prime hard corner location at a signalized intersection with 109 feet of frontage on heavily trafficked NW 27th Avenue
- Large 1.72‑acre lot with ample parking (71 spaces)
- Exceptionally well‑maintained 19,366 square foot retail/showroom building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$235,203
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,704,060
$4.7M
Cap Rate 7%
$3,360,043
$3.4M
Cap Rate 9%
$2,613,367
$2.6M
Market Conditions
NOI Build-Up for 19,366 SF
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.
Gross rent
$355.6K $18.36/SF
− Vacancy
−$19.6K −$1.01/SF
EGI
$336.0K $17.35/SF
− OpEx
−$100.8K −$5.21/SF
NOI
$235.2K $12.15/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,704,060
Cap Rate 7%
$3,360,043
Cap Rate 9%
$2,613,367
Alternative Uses
Best Use
Retail
$3.36M
$2.94M – $3.92M
NOI $235,203 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.04M – $6.73M
NOI $403,587 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Well-maintained retail/showroom on 1.72 acres in Miami Gardens.
Where is this showroom located?
The property is located at 19450 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime hard corner location at a signalized intersection with 109 feet of frontage on heavily trafficked NW 27th Avenue; Large 1.72‑acre lot with ample parking (71 spaces); Exceptionally well‑maintained 19,366 square foot retail/showroom building
