Allapattah Auto Shop on NW
2421 NW 27th Ave, Miami, FL 33142
For Sale
Contact for pricing
Well-located auto shop with redevelopment potential in Allapattah.
Property Size3,250 SF
Price / SF$323.08
Days on Market276
Property Features for 2421 NW 27th Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
Fausto Commercial
Listed By:
Joshua Jimenez · License FL SL3547274
(305) 753-4200
Source:
Crexi
Added: Feb 10
Changed: Nov 6
Last Checked: Nov 12 at 4:40AM
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 Fausto Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is an auto shop in Allapattah, offering a functional layout suitable for automotive repair, body work, detailing, tires, or related uses. It features frontage on NW 27th Avenue with a traffic count of approximately 37,500 vehicles per day. The location is near Downtown Miami, Wynwood, and Miami International Airport, with access to I-95, SR-112, and NW 36th Street. The property is zoned T6-8-O, allowing for continued automotive or light industrial use. Future retail, office, or mixed-use redevelopment of up to 8 stories and 16 units is permitted by right. The building size is 3,250 square feet. This property is suitable for an owner-user, investor, or developer.
Key Highlights
- Prime frontage on NW 27th Avenue with high traffic volume offering outstanding visibility.
- Zoned T6‑8‑O allowing for continued automotive/light industrial use or future retail, office, or mixed‑use redevelopment.
- Strategically located minutes from Downtown Miami, Wynwood, and Miami International Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,234
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,864,680
$1.9M
Cap Rate 7%
$1,331,914
$1.3M
Cap Rate 9%
$1,035,933
$1.0M
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$146.3K $45.00/SF
− Vacancy
−$21.9K −$6.75/SF
EGI
$124.3K $38.25/SF
− OpEx
−$31.1K −$9.56/SF
NOI
$93.2K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,864,680
Cap Rate 7%
$1,331,914
Cap Rate 9%
$1,035,933
Alternative Uses
Best Use
Retail
$1.51M
$1.33M – $1.77M
NOI $106,033 @ 7.0% cap · market cap 10.10%
Second Best
Office B
$1.33M
$1.17M – $1.55M
NOI $93,234 @ 7.0% cap · market cap 8.88%
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,564 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,701
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Miami, FL
Properties on Market for Auto shops in Miami
Vacancy Rate% for Office in Miami, FL
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- Quick Oil Change & Lube — Miami, FL 33133
Frequently Asked Questions
What type of property is this?
Auto shop - Well-located auto shop with redevelopment potential in Allapattah.
Where is this auto shop located?
The property is located at 2421 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime frontage on NW 27th Avenue with high traffic volume offering outstanding visibility.; Zoned T6‑8‑O allowing for continued automotive/light industrial use or future retail, office, or mixed‑use redevelopment.; Strategically located minutes from Downtown Miami, Wynwood, and Miami International Airport.
