Corner Unit Retail/Office
For Sale
$780,000
3100 Milam Dairy Rd # 112, Miami, FL 33122
Two-story upgraded corner unit with retail frontage and extra parking.
Property Size2,472 SF
Days on Market214
Property Features for 3100 Milam Dairy Rd # 112
General Information
Standard status
Active
Size
2,472 SF
Property subtype
Flex Space
Building Details
Building Size
2,472 SF
Year Built
1982
Listing Agency:
Oquendo Level Realty LLC
Listed By:
Daniel Oquendo · License #3257088
(786) 985-4959
Source:
Relinkre
Added: Mar 26
Changed: Oct 20
Last Checked: Oct 24 at 10:04PM
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 Oquendo Level Realty LLC
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Investment Insights
Based on property information with market context.
This two-story corner unit features retail frontage and additional parking on the side. The upgraded space includes central air units and extra office space at the back. It is located less than 1 mile from Palmetto Expressway and SR112, with easy access to Dolphin 836. The property is also close to the airport and railway. It has IU-2 zoning.
Key Highlights
- Prime Location: Less than 1 mile from Palmetto Expressway and SR112, with easy access to Dolphin 836, and close to the airport and railway.
- IU‑2 Zoning: Offers versatile usage options for various business types.
- Corner Unit with Additional Parking: Provides enhanced visibility and convenient parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,916
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,320
$1.4M
Cap Rate 7%
$1,013,086
$1.0M
Cap Rate 9%
$787,956
$788.0K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$111.2K $45.00/SF
− Vacancy
−$16.7K −$6.75/SF
EGI
$94.6K $38.25/SF
− OpEx
−$23.6K −$9.56/SF
NOI
$70.9K $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 Rate 5%
$1,418,320
Cap Rate 7%
$1,013,086
Cap Rate 9%
$787,956
Alternative Uses
Best Use
Office B
$1.01M
$886.5K – $1.18M
NOI $70,916 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,803 @ 7.0% cap · market cap 14.97%
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
2,221
Businesses Nearby
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Business Placement
Demographics for 33122, FL
2,126
Population
901
Households
2.4
Avg Household Size
35
Median Age
62%
College-Educated
85%
High-School Grad
2.4 sq mi
ZIP Area
886
Density / Sq Mi
$83,152
Median Household Income
$50,984
Median Earnings
$2,437
Median Rent
$1,284,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Two-story upgraded corner unit with retail frontage and extra parking.
Where is this office unit located?
The property is located at 3100 Milam Dairy Rd # 112 Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Prime Location: Less than 1 mile from Palmetto Expressway and SR112, with easy access to Dolphin 836, and close to the airport and railway.; IU‑2 Zoning: Offers versatile usage options for various business types.; Corner Unit with Additional Parking: Provides enhanced visibility and convenient parking.
