Equipped Automotive Body
For Sale
$2,500,000
2005 NW 10th Ave, Miami, FL 33127
Operating body shop with a spray booth, frame racks, specialized tools, and current permits and licenses.
Property Size3,136 SF
Price / SF$797.19
Days on Market41
Property Features for 2005 NW 10th Ave
General Information
Standard status
Active
Size
3,136 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1939
Listing Agency:
AR Quinn Realty
(786) 355-0760
Listed By:
Alejandro Reyna · License #3106620
Source:
Thepennteam
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:43AM
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 AR Quinn Realty
Investment Insights
Based on property information with market context.
This 3,136-square-foot automotive body shop was built in 1939 and has operated for 40 years. The facility includes a professional spray booth, frame racks, and specialized tools for collision-repair work. Current permits and licenses are in place, and an experienced staff is already operating the business.
Located at 2005 NW 10th Ave in Miami, the property is supported by established Direct Repair Program contracts. The owner is willing to remain during a transition period to assist with the handoff.
Located at 2005 NW 10th Ave in Miami, the property is supported by established Direct Repair Program contracts. The owner is willing to remain during a transition period to assist with the handoff.
Key Highlights
- 3,136‑square‑foot automotive body shop built in 1939
- Professional spray booth and frame racks included
- Specialized collision‑repair tools in place
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
$102,314
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
4.09%
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%
$2,046,280
$2.0M
Cap Rate 7%
$1,461,629
$1.5M
Cap Rate 9%
$1,136,822
$1.1M
Market Conditions
NOI Build-Up for 3,136 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
$162.9K $51.96/SF
− Vacancy
−$16.8K −$5.35/SF
EGI
$146.2K $46.61/SF
− OpEx
−$43.8K −$13.98/SF
NOI
$102.3K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /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%
$2,046,280
Cap Rate 7%
$1,461,629
Cap Rate 9%
$1,136,822
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,314 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$601.9K
$526.6K – $702.2K
NOI $42,131 @ 7.0% cap · market cap 1.69%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,177 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7,070
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Auto Collision — Miami, FL 33136
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- Brake C.V. Joint General Mechanic — 1550 NW 17th Ave, Miami, FL 33125
- J. Mobil Inc — 1550 NW 17th Ave, Miami, FL 33125
- USA Tires & Mobile — 1550 NW 17th Ave, Miami, FL 33125
Frequently Asked Questions
What type of property is this?
Auto shop - Operating body shop with a spray booth, frame racks, specialized tools, and current permits and licenses.
Where is this auto shop located?
The property is located at 2005 NW 10th Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,136‑square‑foot automotive body shop built in 1939; Professional spray booth and frame racks included; Specialized collision‑repair tools in place
