Building Details

Building Size 2,650 SF

Year Built 1960

Listing Agency: AFS Living

Listed By: Carmen Colon · License #3317611 Show Phone

Source: Casacollectiongroup

Added: Jan 18 Changed: Oct 16 Last Checked: Oct 19 at 1:50PM

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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 AFS Living

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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 automotive service garage space is offered for sale, positioned for convenient customer access directly on NW 54th St. The offering is described as a mechanic/garage space suitable for automotive repair and related service uses.

The property is located at 3071 NW 54th St in Miami, Florida. Easy to show, with access coordinated through the listing agent.

For specifics on layout and improvements beyond the garage designation, please contact the listing agent for available details.

Key Highlights

• Garage space for sale directly on NW 54th St in Miami
• Conveniently located on 54th Street for easy access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,458

Cap Rate

5.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,729,160 $1.7M

Cap Rate 7%

$1,235,114 $1.2M

Cap Rate 9%

$960,644 $960.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,650 SF

Gross rent

$137.7K $51.96/SF

− Vacancy

−$14.2K −$5.35/SF

EGI

$123.5K $46.61/SF

− OpEx

−$37.1K −$13.98/SF

NOI

$86.5K $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%

$1,729,160

Cap Rate 7%

$1,235,114

Cap Rate 9%

$960,644

Alternative Uses

Best Use

Retail

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,458 @ 7.0% cap · market cap 5.76%

Second Best

Industrial

$508.6K

$445.0K – $593.4K (±1% cap)

NOI $35,602 @ 7.0% cap · market cap 2.37%

Theoretical Best

Specialty Retail

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,214 @ 7.0% cap · market cap 8.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Computer & Electronic Repair

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

1,369

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sunoco Shops & Services

1,833 visits/mo 0.5 miles

Sunoco Shops & Services

885 visits/mo 0.0 miles

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 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

• Guanabo Auto Glass Corp. — 1142 SE 9th Ave, Hialeah, FL 33010
• Auto Body Works — 1050 se 9th ct, hialeah, fl 33010
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• Rack & Axles 2000 CV Joints — 4249 NW 37th Ave, Miami, FL 33142

Frequently Asked Questions

What type of property is this?

Auto shop - Garage space is available for sale directly on NW 54th St in Miami.

Where is this auto shop located?

The property is located at 3071 NW 54th St Miami, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Garage space for sale directly on NW 54th St in Miami; Conveniently located on 54th Street for easy access