Modern Retail Shopping
19501 Nw 2nd Ave, Miami Gardens, FL 33169
For Sale
New
$9,425,000
The Miami Gardens property sits along the Highway 441 commercial corridor near a major interchange linking regional routes.
Property Size27,872 SF
Lot Size1.68 Acres
Price / SF$338.15
Days on Market2
Property Features for 19501 Nw 2nd Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Site & Location
Neighborhood
Highway Access
Amenities
22
Public
73260
80
27872
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Keyes Company
(954) 953-5363
Listed By:
Tameika Comerie
Source:
Onemarketrealestate
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 11:36AM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
Built in 2021, this retail shopping center in Miami Gardens contains 27,872 square feet of building area on a 73,260-square-foot site. The property has 80 parking spaces and is identified as zoning 6500.
The center fronts the Highway 441 commercial corridor, described as extending three miles. It is just north of the Golden Glades interchange, which connects I-95, Florida’s Turnpike, State Routes 441 and 826. The surrounding area includes nearly 701,500 residents within a 15-minute drive.
The center fronts the Highway 441 commercial corridor, described as extending three miles. It is just north of the Golden Glades interchange, which connects I-95, Florida’s Turnpike, State Routes 441 and 826. The surrounding area includes nearly 701,500 residents within a 15-minute drive.
Key Highlights
- 27,872‑square‑foot retail center on a 73,260‑square‑foot site
- 80 parking spaces
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,509
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,770,180
$6.8M
Cap Rate 7%
$4,835,843
$4.8M
Cap Rate 9%
$3,761,211
$3.8M
Market Conditions
NOI Build-Up for 27,872 SF
Gross rent
$511.7K $18.36/SF
− Vacancy
−$28.1K −$1.01/SF
EGI
$483.6K $17.35/SF
− OpEx
−$145.1K −$5.21/SF
NOI
$338.5K $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 Rate 5%
$6,770,180
Cap Rate 7%
$4,835,843
Cap Rate 9%
$3,761,211
Alternative Uses
Best Use
Retail
$4.84M
$4.23M – $5.64M
NOI $338,509 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.30M
$7.26M – $9.68M
NOI $580,852 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Average Price Trend$/SF for Shopping centers in Miami-Dade County, FL
Properties on Market for Shopping centers in Miami-Dade County
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - The Miami Gardens property sits along the Highway 441 commercial corridor near a major interchange linking regional routes.
Where is this shopping center located?
The property is located at 19501 Nw 2nd Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $9,425,000.
What are key features of this property?
This property features: 27,872‑square‑foot retail center on a 73,260‑square‑foot site; 80 parking spaces; Built in 2021
