Standalone Auto Shop
For Sale
$1,200,000
2112 NW 36th St, Miami, FL 33142
Commercial Sale, Miami, FL
Property Size2,723 SF
Lot Size0.16 Acres
Price / SF$440.69
Days on Market162
Property Features for 2112 NW 36th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6100
Parking
10
Subdivision
31
Standard status
Active
APN
01-31-27-007-0020
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
27 53 41 REST HAVEN PB 7-99 N143FT OF LOT 2 LESS N10FT LOT SIZE 52.600 X 134 73R 218994
Tax Annual Amount
14533
Legal Description
27 53 41 REST HAVEN PB 7-99 N143FT OF LOT 2 LESS N10FT LOT SIZE 52.600 X 134 73R 218994
Building Details
Year built
1925
Flooring type
Concrete
Building materials
Brick, Block
Listing Agency:
The Keyes Company
(305) 594-2600
Listed By:
Francisco Kayser · License #3173134
(786) 316-6526
Added: Apr 18
Changed: Sep 2
Last Checked: Sep 26 at 3:06PM
MLS# A11904340
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone automotive building contains 2,723 SF, including approximately 2,000 SF of air-conditioned workspace. The property previously housed an automotive parts and repair operation and includes brick and block construction with concrete flooring. Its layout can support continued automotive use or conversion for other commercial purposes.
The 7,057 SF lot is positioned along NW 36th St near NW 21st Ave in Miami. T6-8-O zoning allows mixed-use development that may include residential and commercial components, retail, office, or multifamily uses. The site also provides area for parking, storage, or future expansion.
The 7,057 SF lot is positioned along NW 36th St near NW 21st Ave in Miami. T6-8-O zoning allows mixed-use development that may include residential and commercial components, retail, office, or multifamily uses. The site also provides area for parking, storage, or future expansion.
Key Highlights
- 2,723 SF standalone building with approximately 2,000 SF of air‑conditioned workspace
- 7,057 SF lot with space for parking, storage, or future expansion
- T6‑8‑O zoning allows mixed‑use residential and commercial development
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
$88,840
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
7.40%
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%
$1,776,800
$1.8M
Cap Rate 7%
$1,269,143
$1.3M
Cap Rate 9%
$987,111
$987.1K
Market Conditions
NOI Build-Up for 2,723 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
$141.5K $51.96/SF
− Vacancy
−$14.6K −$5.35/SF
EGI
$126.9K $46.61/SF
− OpEx
−$38.1K −$13.98/SF
NOI
$88.8K $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%
$1,776,800
Cap Rate 7%
$1,269,143
Cap Rate 9%
$987,111
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,840 @ 7.0% cap · market cap 7.40%
Second Best
Industrial
$522.6K
$457.3K – $609.7K
NOI $36,582 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,663 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Similar Off Market Nearby
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- Miami Chassis & Alignment — 2957 NW 24th St, Miami, FL 33142
- Repair Engine Marine — 3012 NW 24th St, Miami, FL 33142, United States
- AMP AUTO REPAIR — 3000 NW 24th St, Miami, FL 33142
Frequently Asked Questions
What type of property is this?
Auto shop - T6-8-O zoning supports mixed-use commercial and residential development.
Where is this auto shop located?
The property is located at 2112 NW 36th St Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,723 SF standalone building with approximately 2,000 SF of air‑conditioned workspace; 7,057 SF lot with space for parking, storage, or future expansion; T6‑8‑O zoning allows mixed‑use residential and commercial development
