Allapattah Investment Property For
For Sale
$3,200,000
3001 NW 22nd Ave, Miami, FL 33142
Versatile property in Allapattah with redevelopment potential.
Property Size9,899 SF
Lot Size0.74 Acres
Price / SF$323.26
Days on Market165
Property Features for 3001 NW 22nd Ave
General Information
Standard status
Active
Size
9,899 SF
Lot size
0.74 Acres
Property subtype
Commercial
Building Details
Year Built
1955
Listing Agency:
(786) 556-1245
Listed By:
Joan Montoto
(786) 556-1245
Source:
Elliman
Added: Mar 12
Changed: Jul 6
Last Checked: Aug 23 at 7:38AM
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 Joan Montoto
Investment Insights
Based on property information with market context.
Located at 3100 NW 22nd Ave in Allapattah, this investment property, constructed in 1955, features a solid concrete and stucco building. The property offers flexible layouts, including two bathrooms, a small kitchen, open floor plans, and two offices. Ample parking is available. The interior space spans approximately 9,899 square feet on a 32,280 square foot lot. The property is zoned as T5-0, which enables opportunities for residential, multifamily development, restaurants, hotels, entertainment establishments, and food service establishments. Its location provides convenient access to I-95, SR-112, Downtown, Brickell, and the Health District. The 40-year inspection for the building has been completed. This property presents potential for multiple commercial uses or redevelopment.
Key Highlights
- Large 32,280 SF lot with redevelopment potential.
- Zoned T5‑0, allowing for diverse uses: residential, multifamily, restaurant, hotel, and more.
- Approximately 9,899 SF of interior space, suitable for multiple commercial uses.
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
$283,978
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
8.87%
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%
$5,679,560
$5.7M
Cap Rate 7%
$4,056,829
$4.1M
Cap Rate 9%
$3,155,311
$3.2M
Market Conditions
NOI Build-Up for 9,899 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
$445.5K $45.00/SF
− Vacancy
−$66.8K −$6.75/SF
EGI
$378.6K $38.25/SF
− OpEx
−$94.7K −$9.56/SF
NOI
$284.0K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
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%
$5,679,560
Cap Rate 7%
$4,056,829
Cap Rate 9%
$3,155,311
Alternative Uses
Best Use
Retail
$4.61M
$4.04M – $5.38M
NOI $322,962 @ 7.0% cap · market cap 10.09%
Second Best
Office B
$4.06M
$3.55M – $4.73M
NOI $283,978 @ 7.0% cap · market cap 8.87%
Theoretical Best
Specialty Retail
$6.68M
$5.85M – $7.80M
NOI $467,732 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property in Allapattah with redevelopment potential.
Where is this mixed-use property located?
The property is located at 3001 NW 22nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Large 32,280 SF lot with redevelopment potential.; Zoned T5‑0, allowing for diverse uses: residential, multifamily, restaurant, hotel, and more.; Approximately 9,899 SF of interior space, suitable for multiple commercial uses.
