Equipped Collision Repair
New
For Sale
$2,500,000
2005 NW 10th Ave, Miami, FL 33127
The operating facility includes a spray booth, frame racks, specialized tools, and an experienced team.
Property Size3,136 SF
Price / SF$797.19
Days on Market3
Property Features for 2005 NW 10th Ave
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Commercial
Zoning
7000
Site & Location
Neighborhood
Allapattah Industrial District
Road Access
Yes
Additional Details
Business Included
Yes
Automotive Uses
collision/body shop
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$13,972
Building Details
Building Size
3,136 SF
Year Built
1939
Listing Agency:
AR Quinn Realty
(786) 966-5525
Listed By:
Alejandro Reyna · License #3106620
(786) 355-0760
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:14PM
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
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Investment Insights
Based on property information with market context.
This 3,136-square-foot collision repair facility at 2005 NW 10th Ave in Miami was built in 1939. Its equipment includes a professional spray booth, frame racks, and specialized automotive tools. The business has operated for 40 years and maintains Direct Repair Program contracts, with an experienced team already in place.
Permits and licenses are current. The owner is willing to assist during a transition, providing continuity for the incoming operator.
Permits and licenses are current. The owner is willing to assist during a transition, providing continuity for the incoming operator.
Key Highlights
- 3,136‑square‑foot collision repair facility
- Professional spray booth, frame racks, and specialized automotive tools
- 40 years in operation with established Direct Repair Program contracts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,314
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
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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 - The operating facility includes a spray booth, frame racks, specialized tools, and an experienced team.
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 collision repair facility; Professional spray booth, frame racks, and specialized automotive tools; 40 years in operation with established Direct Repair Program contracts
