Commercial Riverfront
For Sale
Contact for pricing
3066 NW River Dr, Miami, FL 33142
The site includes an existing building that may be retained or replaced as part of a new project.
Property Size7,850 SF
Price / SF$0.00
Days on Market150
Property Features for 3066 NW River Dr
General Information
Standard status
Active
Size
7,850 SF
Property subtype
Retail
Building Details
Building Size
7,850 SF
Year Built
1963
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: May 31
Changed: Oct 27
Last Checked: Oct 27 at 3:27AM
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 Emporio Real Estate
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Investment Insights
Based on property information with market context.
This commercial land offering spans approximately 34,596 square feet, or 0.79 acres, and includes an existing 7,850-square-foot building constructed in 1963. The improvements may be used in their current form or removed for redevelopment. The property is offered for ground lease.
Located along the Miami River corridor, the site is near Brickell, Downtown Miami, Wynwood, the Health District, Miami International Airport, and major highways.
Located along the Miami River corridor, the site is near Brickell, Downtown Miami, Wynwood, the Health District, Miami International Airport, and major highways.
Key Highlights
- 34,596 SF site totaling 0.79 acres
- Existing 7,850 SF building, built in 1963
- Ground lease offering along the Miami River
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,112
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,122,240
$5.1M
Cap Rate 7%
$3,658,743
$3.7M
Cap Rate 9%
$2,845,689
$2.8M
Market Conditions
NOI Build-Up for 7,850 SF
Gross rent
$407.9K $51.96/SF
− Vacancy
−$42.0K −$5.35/SF
EGI
$365.9K $46.61/SF
− OpEx
−$109.8K −$13.98/SF
NOI
$256.1K $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%
$5,122,240
Cap Rate 7%
$3,658,743
Cap Rate 9%
$2,845,689
Alternative Uses
Best Use
Retail
$3.66M
$3.20M – $4.27M
NOI $256,112 @ 7.0% cap · market cap 1,970,092.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.30M
$4.64M – $6.18M
NOI $370,916 @ 7.0% cap · market cap 2,853,200.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
593
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Commercial land - The site includes an existing building that may be retained or replaced as part of a new project.
Where is this commercial land located?
The property is located at 3066 NW River Dr Miami, FL.
What are key features of this property?
This property features: 34,596 SF site totaling 0.79 acres; Existing 7,850 SF building, built in 1963; Ground lease offering along the Miami River
