Contemporary Showroom-Retail
For Sale
$5,500,000
Pending
2417 N Miami Ave, Miami, FL 33127
Contemporary showroom-retail office with soaring ceilings, private parking, and fully renovated interiors.
Property Size5,897 SF
Days on Market3094
Property Features for 2417 N Miami Ave
General Information
Standard status
Pending
Size
5,897 SF
Property subtype
General Commercial
Amenities
gated parking
soaring ceilings
private offices
full kitchen
new bathrooms
outdoor event space
3
18 Parking Spaces.
100
Building Details
Year Built
2014
Year Renovated
2014
Buildings
1
Listing Agency:
One Sotheby's International Realty
(305) 785-8013
Listed By:
Fabian Garcia-Diaz · License #0492073
(305) 785-8013
Source:
Xome
Added: Feb 12, 2018
Changed: Jul 30
Last Checked: Jul 30 at 8:11AM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
Contemporary showroom-retail office with large bright spaces, soaring ceilings, and modern finishes. The layout includes three private offices, a full kitchen, and two new bathrooms, along with three guest facilities. The property was totally renovated in 2014 and includes private parking secured by gated automatic/manual metal gates.
The offering also includes extra vacant land (approximately 10,000 SF) in the back, providing space that can support outdoor events. The parking area includes 18 parking spaces.
With its renovated interior, dedicated offices, and flexible showroom/retail configuration plus an additional vacant lot, this property is well suited for an end user seeking a modern showroom or office space and the option to use the outdoor area for events.
The offering also includes extra vacant land (approximately 10,000 SF) in the back, providing space that can support outdoor events. The parking area includes 18 parking spaces.
With its renovated interior, dedicated offices, and flexible showroom/retail configuration plus an additional vacant lot, this property is well suited for an end user seeking a modern showroom or office space and the option to use the outdoor area for events.
Key Highlights
- Totally renovated in 2014 with soaring ceilings and modern finishes
- Approx 5,897 SF showroom‑retail‑office interior with three private offices
- Full kitchen plus two new bathrooms and three guest facilities
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.4k | $51.96 |
| − Vacancy | −$31.6k | −$5.35 |
| EGI | $274.8k | $46.61 |
| − OpEx | −$82.5k | −$13.98 |
| NOI | $192.4k | $32.63 |
5,897 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.75M
$2.40M – $3.21M
NOI $192,394 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$2.42M
$2.11M – $2.82M
NOI $169,170 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.64M
NOI $278,636 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,749
Businesses Nearby
Under-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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Contemporary showroom-retail office with soaring ceilings, private parking, and fully renovated interiors.
Where is this showroom located?
The property is located at 2417 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Totally renovated in 2014 with soaring ceilings and modern finishes; Approx 5,897 SF showroom‑retail‑office interior with three private offices; Full kitchen plus two new bathrooms and three guest facilities
