Ground-Floor Retail Suites in Class
2820 NE 214th St Unit 5 Aventura, FL 33180
For Sale
$2,370,000
Three ground-floor retail units totaling up to 5,720 RSF are available in a Class A building with 321 parking spaces.
Property Size5,720 SF
Price / SF$414.34
Days on Market11
Property Features for 2820 NE 214th St Unit 5
General Information
Standard status
Active
Size
5,720 SF
Property subtype
Mixed Use
Building Details
Year Built
2022
Listing Agency:
Belhouse Real Estate, LLC
(954) 448-4879
Listed By:
Ludy Moreno · License #A11982609
(954) 448-4879
Source:
Riserealty
Added: Jul 20
Changed: Jul 27
Last Checked: Jul 27 at 12:15AM
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
Investment Insights
Based on property information with market context.
Three ground-floor retail spaces are available for lease or purchase within Ivory 214, including 1,610 RSF, 1,670 RSF, and 2,440 RSF (with up to 5,720 RSF available contiguous). The offering can be configured to fit smaller or larger footprints, including options to combine units for increased size.
Ivory 214 is a modern Class A building with 39,449 square feet of office and retail space, 34 professional office suites, and 321 parking spaces. The property is in the Aventura Health District at 2820 NE 214th St Unit 5, Aventura, FL 33180, positioned steps from Aventura Hospital, described as a Level II Trauma Center and a Thrombectomy-Capable Stroke Center, and surrounded by more than 300 established medical practices.
Ivory 214 is a modern Class A building with 39,449 square feet of office and retail space, 34 professional office suites, and 321 parking spaces. The property is in the Aventura Health District at 2820 NE 214th St Unit 5, Aventura, FL 33180, positioned steps from Aventura Hospital, described as a Level II Trauma Center and a Thrombectomy-Capable Stroke Center, and surrounded by more than 300 established medical practices.
Key Highlights
- Three ground‑floor retail spaces available in Ivory 214, totaling up to 5,720 RSF.
- Unit sizes: 1,610 RSF, 1,670 RSF, and 2,440 RSF; spaces can be leased or purchased individually or combined.
- Ivory 214 is a Class A mixed‑use building with 39,449 SF of office and retail and 34 professional office suites.
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 | $151.0k | $26.40 |
| − Vacancy | −$12.8k | −$2.24 |
| EGI | $138.2k | $24.16 |
| − OpEx | −$41.5k | −$7.25 |
| NOI | $96.7k | $16.91 |
5,720 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,721 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,140 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Three ground-floor retail units totaling up to 5,720 RSF are available in a Class A building with 321 parking spaces.
Where is this retail space located?
The property is located at 2820 NE 214th St Unit 5 Aventura, FL.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: Three ground‑floor retail spaces available in Ivory 214, totaling up to 5,720 RSF.; Unit sizes: 1,610 RSF, 1,670 RSF, and 2,440 RSF; spaces can be leased or purchased individually or combined.; Ivory 214 is a Class A mixed‑use building with 39,449 SF of office and retail and 34 professional office suites.
