Automotive Service Garage
For Sale
$1,500,000
3071 NW 54th St, Miami, FL 33142
Garage space is available for sale directly on NW 54th St in Miami.
Property Size2,650 SF
Price / SF$566.04
Days on Market230
Property Features for 3071 NW 54th St
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$6,463
Building Details
Building Size
2,650 SF
Year Built
1960
Listing Agency:
AFS Living
Listed By:
Carmen Colon · License #3317611
(305) 713-9639
Source:
Casacollectiongroup
Added: Jan 18
Changed: Sep 3
Last Checked: Sep 5 at 5:53AM
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
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.
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 = 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
$86,458
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
5.76%
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%
$1,729,160
$1.7M
Cap Rate 7%
$1,235,114
$1.2M
Cap Rate 9%
$960,644
$960.6K
Market Conditions
NOI Build-Up for 2,650 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
$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 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%
$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
NOI $86,458 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$508.6K
$445.0K – $593.4K
NOI $35,602 @ 7.0% cap · market cap 2.37%
Theoretical Best
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,214 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- Primo’s Auto Glass Llc — 1140 se 9th ave, hialeah, fl 33010
- Classic Bus Services & Repair — 1171 SE 10th Ave, Hialeah, FL 33010
- 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
