Mixed-Use Property with Auto
New
For Sale
$960,000
2618 Nw 103rd St, Miami, FL 33147
Two buildings combine an occupied office with a vacant building and shared access from NW 103rd Street and NW 26th Avenue.
Property Size4,012 SF
Lot Size0.25 Acres
Price / SF$239.28
Days on Market3
Property Features for 2618 Nw 103rd St
General Information
Standard status
Active
Size
4,012 SF
Lot size
0.25 Acres
Zoning
6051
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Tenant in Place
Yes
Amenities
2
10800
4012
Building Details
Building Size
4,012 SF
Year Built
1947
Buildings
2
Listing Agency:
(800) 326-2567
Listed By:
Michael Major
Source:
Majorrealestate
Added: Oct 28
Last Checked: Oct 28 at 2:11PM
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 Michael Major
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Investment Insights
Based on property information with market context.
Two adjoining parcels are offered together and may be available separately. The combined property includes 10,800 square feet of land and 4,012 square feet of building area across two structures built in 1947. Both have interior A/C and use septic systems. One building contains a 1,098-square-foot office leased month to month to an auto dealership; the other offers 2,914 square feet and is vacant.
The property fronts NW 103rd Street (SR 932), with alley access on the west side and an additional exit to NW 26th Avenue at the southeast. The site is in Flood Zone X and zoned UCMC, North Central Urban Area District, which allows buildings up to four stories. Uses listed for the district’s Mixed Use Corridor Special area include vehicle sales and rental, auto repair and body work, tire sales, glass installation, car wash, enclosed truck storage, and self-service mini warehouse. Buyers should verify permitted uses and the Certificate of Use with Miami-Dade County.
The property fronts NW 103rd Street (SR 932), with alley access on the west side and an additional exit to NW 26th Avenue at the southeast. The site is in Flood Zone X and zoned UCMC, North Central Urban Area District, which allows buildings up to four stories. Uses listed for the district’s Mixed Use Corridor Special area include vehicle sales and rental, auto repair and body work, tire sales, glass installation, car wash, enclosed truck storage, and self-service mini warehouse. Buyers should verify permitted uses and the Certificate of Use with Miami-Dade County.
Key Highlights
- Two adjoining parcels total 10,800 square feet of land and 4,012 square feet of building area
- Two buildings built in 1947; one is 1,098 square feet and the other is 2,914 square feet
- NW 103rd Street (SR 932) frontage, west‑side alley access, and a southeast exit to NW 26th Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,900
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,000
$1.1M
Cap Rate 7%
$770,000
$770.0K
Cap Rate 9%
$598,889
$598.9K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$80.9K $20.16/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$77.0K $19.19/SF
− OpEx
−$23.1K −$5.76/SF
NOI
$53.9K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,000
Cap Rate 7%
$770,000
Cap Rate 9%
$598,889
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.18M
NOI $130,894 @ 7.0% cap · market cap 13.63%
Second Best
Office B
$1.64M
$1.44M – $1.92M
NOI $115,094 @ 7.0% cap · market cap 11.99%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,569 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine an occupied office with a vacant building and shared access from NW 103rd Street and NW 26th Avenue.
Where is this mixed-use property located?
The property is located at 2618 Nw 103rd St Miami, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Two adjoining parcels total 10,800 square feet of land and 4,012 square feet of building area; Two buildings built in 1947; one is 1,098 square feet and the other is 2,914 square feet; NW 103rd Street (SR 932) frontage, west‑side alley access, and a southeast exit to NW 26th Avenue
