Stabilized NNN Retail Investment
For Sale
Contact for pricing
300 SW 17th Ave, Miami, FL 33135
100% occupied retail property with triple-net income stream.
Property Size7,002 SF
Price / SF$514.14
Days on Market182
Property Features for 300 SW 17th Ave
General Information
Standard status
Active
Size
7,002 SF
Property subtype
Retail
Zoning
6101
Building Details
Year Built
1956
Listing Agency:
Apex Capital Realty
(305) 570-2600
Listed By:
Miguel Pinto · License #3313310
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:46PM
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 Apex Capital Realty
Investment Insights
Based on property information with market context.
This prime retail investment opportunity is located at 300 SW 17th Ave and offers a 100% occupied, stabilized triple-net (NNN) income stream with minimal landlord responsibilities. The property is leased to strong regional tenants with multiple operating locations, providing reliable, durable cash flow and reduced operational risk. The asset underwent a comprehensive, property-wide renovation in 2022, including new electrical, plumbing, HVAC systems, and grease traps, ensuring modern infrastructure and long-term efficiency. Additional features include high ceilings, 24-hour access, modern build-outs, and excellent signage visibility, enhancing both tenant functionality and customer exposure. With its stabilized income profile, NNN lease structure, and recent capital improvements, this property delivers immediate returns and positions itself as an ideal long-term hold for investors seeking passive income in a well-located urban corridor. The combination of strong tenancy, modern systems, and limited management requirements makes this asset a compelling opportunity. The property size is 7002 square feet.
Key Highlights
- 100% Occupied with Stabilized Triple‑Net (NNN) Income Stream
- Strong Regional Tenants ensure reliable cash flow
- Comprehensive Renovation in 2022 includes new systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$228,445
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,568,900
$4.6M
Cap Rate 7%
$3,263,500
$3.3M
Cap Rate 9%
$2,538,278
$2.5M
Market Conditions
NOI Build-Up for 7,002 SF
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.
Gross rent
$363.8K $51.96/SF
− Vacancy
−$37.5K −$5.35/SF
EGI
$326.4K $46.61/SF
− OpEx
−$97.9K −$13.98/SF
NOI
$228.4K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,568,900
Cap Rate 7%
$3,263,500
Cap Rate 9%
$2,538,278
Alternative Uses
Best Use
Retail
$3.26M
$2.86M – $3.81M
NOI $228,445 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.73M
$4.14M – $5.51M
NOI $330,848 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 100% occupied retail property with triple-net income stream.
Where is this nnn property located?
The property is located at 300 SW 17th Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 100% Occupied with Stabilized Triple‑Net (NNN) Income Stream; Strong Regional Tenants ensure reliable cash flow; Comprehensive Renovation in 2022 includes new systems
