300 SW 17th Ave, Miami, FL 33135

Building Details

Year Built 1956 More

Listing Agency: Apex Capital Realty

Listed By: Miguel Pinto · License FL #3313310 Show Phone

Source: Crexi

Added: Feb 11 Changed: Aug 8 Last Checked: Aug 8 at 2:46PM

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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

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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 / Yr

$228,445

Cap Rate

6.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,568,900 $4.6M

Cap Rate 7%

$3,263,500 $3.3M

Cap Rate 9%

$2,538,278 $2.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,002 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $330,848 @ 7.0% cap · market cap 9.19%

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

Retail space

Suggested Use

Top Pick Real Estate Agency Butcher Pet Grooming Service Carpet & Flooring Store Fish Market Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for NNN properties in Miami, FL

$669 Jul

$650 Aug

$1,193 Sep

$1,571 Oct

Properties on Market for NNN properties in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

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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