Ground-Floor Retail
For Sale
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2820 NE 214th Street #5, Aventura, FL 33180
Ground-floor retail in Ivory 214, a Class A mixed-use building with 321 on-site parking spaces.
Property Size2,440 SF
Price / SF$0.02
Days on Market99
Property Features for 2820 NE 214th Street #5
General Information
Standard status
Active
Size
2,440 SF
Class
A
Total Parking Spaces
321
Property subtype
Mixed Use
Lease Type
NNN
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
Belhouse Real Estate, LLC
(305) 921-9789
Listed By:
Ludy Yorlett Moreno · License #3271925
(954) 448-4879
Source:
Lehmannflorida
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 24 at 5:21PM
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 Belhouse Real Estate, LLC
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Investment Insights
Based on property information with market context.
Ground-floor retail space available within Ivory 214, a modern Class A mixed-use building. Three ground-floor retail spaces are available and may be leased or purchased individually or combined, including 1,610 RSF and 1,670 RSF options along with the 2,440 RSF space offered here. The building totals 39,449 RSF of office and retail space and includes 34 professional office suites.
The property is located in Aventura’s Health District and is described as being just steps from Aventura Hospital, a Level II Trauma Center and a Thrombectomy-Capable Stroke Center, with more than 300 established medical practices in the surrounding area. Ivory 214 also offers 321 parking spaces, supporting convenient access for patients, staff, and visitors.
This suite is positioned for complementary healthcare-oriented uses as well as retail and professional services, with the ground-floor configuration designed for customer-facing exposure within the building.
The property is located in Aventura’s Health District and is described as being just steps from Aventura Hospital, a Level II Trauma Center and a Thrombectomy-Capable Stroke Center, with more than 300 established medical practices in the surrounding area. Ivory 214 also offers 321 parking spaces, supporting convenient access for patients, staff, and visitors.
This suite is positioned for complementary healthcare-oriented uses as well as retail and professional services, with the ground-floor configuration designed for customer-facing exposure within the building.
Key Highlights
- Three ground‑floor retail spaces available in Ivory 214, offering 1,610 RSF, 1,670 RSF, or 2,440 RSF.
- Total contiguous retail space available: 5,720 RSF, with options to combine or divide for smaller footprints.
- Ivory 214 is a Class A mixed‑use building with 39,449 SF of office and retail space, plus 34 professional office suites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,258
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,160
$825.2K
Cap Rate 7%
$589,400
$589.4K
Cap Rate 9%
$458,422
$458.4K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$64.4K $26.40/SF
− Vacancy
−$5.5K −$2.24/SF
EGI
$58.9K $24.16/SF
− OpEx
−$17.7K −$7.25/SF
NOI
$41.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,160
Cap Rate 7%
$589,400
Cap Rate 9%
$458,422
Alternative Uses
Best Use
Retail
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 71,134.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,654 @ 7.0% cap · market cap 149,403.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,528
Businesses Nearby
224k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 48%
Groceries 26%
Dining 25%
Shops & Services 2%
Target
Superstores
106,788 visits/mo
0.3 miles
Whole Foods Market
Groceries
57,414 visits/mo
0.3 miles
Chick-fil-A
Dining
33,840 visits/mo
0.2 miles
Texas de Brazil
Dining
9,854 visits/mo
0.4 miles
The Original Pancake House
Dining
8,027 visits/mo
0.2 miles
Demographics for 33180, FL
35,062
Population
21,112
Households
1.7
Avg Household Size
45
Median Age
55%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
10,625
Density / Sq Mi
$88,613
Median Household Income
$51,612
Median Earnings
$2,480
Median Rent
$471,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail in Ivory 214, a Class A mixed-use building with 321 on-site parking spaces.
Where is this retail space located?
The property is located at 2820 NE 214th Street #5 Aventura, FL.
What are key features of this property?
This property features: Three ground‑floor retail spaces available in Ivory 214, offering 1,610 RSF, 1,670 RSF, or 2,440 RSF.; Total contiguous retail space available: 5,720 RSF, with options to combine or divide for smaller footprints.; Ivory 214 is a Class A mixed‑use building with 39,449 SF of office and retail space, plus 34 professional office suites.
