Auto Shop with New
For Sale
$1,650,000
2195 NW 27th Avenue, Miami, FL 33142
CBS construction includes updated electrical and plumbing systems.
Property Size2,860 SF
Lot Size0.13 Acres
Price / SF$576.92
Days on Market322
Property Features for 2195 NW 27th Avenue
General Information
Standard status
Active
Size
2,860 SF
Lot size
0.13 Acres
Property subtype
Unimproved Land
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,930
Amenities
two bathrooms
staff dining area
Building Details
Buildings
1
Construction
CBS
Listing Agency:
New Florida Real Estate LLC
(786) 440-3132
Listed By:
Walter A. Briceno · License #3139732
(786) 440-3132
Source:
Silverleafrealtygroup
Added: Sep 19, 2025
Changed: Aug 2
Last Checked: Aug 6 at 4:11AM
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 New Florida Real Estate LLC
Investment Insights
Based on property information with market context.
This auto shop occupies a CBS-constructed commercial building with 5,800 square feet in total and 2,860 square feet under roof. The layout includes a 260-square-foot office, two bathrooms, and a staff dining area. Recent property improvements include a new roof along with new electrical and plumbing systems.
The property is located at 2195 NW 27th Avenue in Miami, near downtown Miami, Miami International Airport, and the main avenues serving the Central Hull area.
The property is located at 2195 NW 27th Avenue in Miami, near downtown Miami, Miami International Airport, and the main avenues serving the Central Hull area.
Key Highlights
- 5,800 square feet total; 2,860 square feet under roof
- 260‑square‑foot office included
- New roof, electrical, and plumbing systems
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
$93,309
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
5.66%
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%
$1,866,180
$1.9M
Cap Rate 7%
$1,332,986
$1.3M
Cap Rate 9%
$1,036,767
$1.0M
Market Conditions
NOI Build-Up for 2,860 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
$148.6K $51.96/SF
− Vacancy
−$15.3K −$5.35/SF
EGI
$133.3K $46.61/SF
− OpEx
−$40.0K −$13.98/SF
NOI
$93.3K $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%
$1,866,180
Cap Rate 7%
$1,332,986
Cap Rate 9%
$1,036,767
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.56M
NOI $93,309 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$548.9K
$480.3K – $640.4K
NOI $38,423 @ 7.0% cap · market cap 2.33%
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,136 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,082
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
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
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Frequently Asked Questions
What type of property is this?
Auto shop - CBS construction includes updated electrical and plumbing systems.
Where is this auto shop located?
The property is located at 2195 NW 27th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,800 square feet total; 2,860 square feet under roof; 260‑square‑foot office included; New roof, electrical, and plumbing systems
