3070 NW 46th St, Miami, FL 33142

Building Details

Building Size 816 SF More

Year Built 1949 More

Stories 1 More

Listing Agency: Gridline Properties

Listed By: Jonathan Eismann · License FL #3243175 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Aug 25 at 5:43AM

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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 Gridline Properties

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This standalone building has undergone a complete renovation, including all mechanical, electrical, plumbing, and roof systems. The property features highly visible street frontage and ample on-site parking. The flexible interior space is suitable for a variety of retail, showroom, or service uses. The configuration of the building allows for full branding control and signage visibility. The surrounding area is a dense urban setting with a mix of industrial, residential, and commercial properties. Ongoing redevelopment and infrastructure improvements are enhancing the area's utility and long-term value.

Key Highlights

• 100% Newly Renovated (MEP & Roof)
• Highly Visible Street Frontage**
• Ample Onsite Parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,623

Cap Rate

6.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$532,460 $532.5K

Cap Rate 7%

$380,329 $380.3K

Cap Rate 9%

$295,811 $295.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 816 SF

Gross rent

$42.4K $51.96/SF

− Vacancy

−$4.4K −$5.35/SF

EGI

$38.0K $46.61/SF

− OpEx

−$11.4K −$13.98/SF

NOI

$26.6K $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%

$532,460

Cap Rate 7%

$380,329

Cap Rate 9%

$295,811

Alternative Uses

Best Use

Retail

$380.3K

$332.8K – $443.7K (±1% cap)

NOI $26,623 @ 7.0% cap · market cap 6.83%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$550.8K

$482.0K – $642.6K (±1% cap)

NOI $38,556 @ 7.0% cap · market cap 9.89%

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

Showrooms

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Skin Care Clinic

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

1,600

Businesses Nearby

Balanced

Demand for This Use

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

Average Price Trend$/SF for Showrooms in Miami, FL

$630 Jul

$747 Aug

$578 Sep

$474 Oct

Properties on Market for Showrooms 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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Similar Off Market Nearby

• Innovative Surfaces — 2900 NW 35th St, Miami, FL 33142
• Tile Mart Distributors — 1020 SE 14th St, Hialeah, FL 33010
• The Carpet Boutique — 3808 NW 32nd Ave, Miami, FL 33142
• ABK Tile & Marble Inc — 3145 NW 38th St, Miami, FL 33142
• Spic And Spann Floors

Frequently Asked Questions

What type of property is this?

Showroom - Renovated retail building with high visibility and ample parking.

Where is this showroom located?

The property is located at 3070 NW 46th St Miami, FL.

What is the asking price?

The asking price for this property is $389,750.

What are key features of this property?

This property features: 100% Newly Renovated (MEP & Roof); Highly Visible Street Frontage**; Ample Onsite Parking