Versatile Office and Hospitality
For Sale
$3,200,000
3001 NW 22nd Ave, Miami, FL 33142
Concrete-stucco building with flexible office layout, ample parking, and T5-0 zoning for multiple commercial and hospitality uses.
Property Size9,899 SF
Lot Size0.74 Acres
Price / SF$323.26
Days on Market361
Property Features for 3001 NW 22nd Ave
General Information
Standard status
Active
Size
9,899 SF
Lot size
0.74 Acres
Property subtype
Mixed Use
Zoning
T5-0
Additional Details
Highway Access
Yes
Office Units
2
Building Details
Building Size
9,899 SF
Year Built
1955
Listing Agency:
Sunset Coast Realty, LLC
Listed By:
Diane Jimenez · License #3564468
Source:
Relinkre
Added: Sep 11, 2025
Changed: Sep 4
Last Checked: Jul 30 at 6:06AM
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 Sunset Coast Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1955, this concrete and stucco commercial property offers flexible interior configurations. The building includes an open floor plan with two offices, two bathrooms, and a small kitchen, supported by ample on-site parking. With approximately 9,899 SF of interior space on a 32,280 SF lot, the site supports adaptable occupancy planning and also offers an option for future redevelopment or multi-use concepts. A copy of the completed 40-year inspection report can be provided upon request.
The property is located at 3001 NW 22nd Avenue in Miami, positioned near I-95, SR-112, Downtown, Brickell, and the Health District. Its established commercial setting and straightforward site layout make it practical for tenants and operators seeking a property that can accommodate more than one business function.
Zoned T5-0, the property is described as enabling development or use scenarios including residential, multifamily, restaurant, hotel, entertainment establishment, and food service establishment. For buyers, the combination of flexible indoor layout, dedicated parking, and completed 40-year inspection supports a practical due-diligence path, while the land component may appeal to those evaluating development or conversion strategies under the applicable zoning designation.
The property is located at 3001 NW 22nd Avenue in Miami, positioned near I-95, SR-112, Downtown, Brickell, and the Health District. Its established commercial setting and straightforward site layout make it practical for tenants and operators seeking a property that can accommodate more than one business function.
Zoned T5-0, the property is described as enabling development or use scenarios including residential, multifamily, restaurant, hotel, entertainment establishment, and food service establishment. For buyers, the combination of flexible indoor layout, dedicated parking, and completed 40-year inspection supports a practical due-diligence path, while the land component may appeal to those evaluating development or conversion strategies under the applicable zoning designation.
Key Highlights
- Concrete/stucco building built in 1955 with flexible interior layout and 2 bathrooms
- Approx. 9,899 SF interior space on a 32,280 SF lot with ample parking
- Interior includes a small kitchen, open floor plans, and 2 offices
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
Specialty Retail
$6.68M
$5.85M – $7.80M
NOI $467,732 @ 7.0% cap · market cap 14.62%
Second Best
Office B
$4.06M
$3.55M – $4.73M
NOI $283,978 @ 7.0% cap · market cap 8.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
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?
Office building - Concrete-stucco building with flexible office layout, ample parking, and T5-0 zoning for multiple commercial and hospitality uses.
Where is this office building 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: Concrete/stucco building built in 1955 with flexible interior layout and 2 bathrooms; Approx. 9,899 SF interior space on a 32,280 SF lot with ample parking; Interior includes a small kitchen, open floor plans, and 2 offices
