Auto Repair
For Sale
$500,000
3198 S Dixie Highway, Miami, FL 33133
Existing automotive service property located in Miami, Florida.
Property Size2,127 SF
Price / SF$235.07
Days on Market230
Property Features for 3198 S Dixie Highway
General Information
Standard status
Active
Size
2,127 SF
Property subtype
Commercial
Building Details
Building Size
2,127 SF
Year Built
1959
Listing Agency:
Blue Water Holding Group
Listed By:
Sheldon Andre · License #3406747
(561) 951-5352
Source:
Allyandaj
Added: Feb 18
Changed: Sep 29
Last Checked: Oct 5 at 9:34PM
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 Blue Water Holding Group
Investment Insights
Based on property information with market context.
This Miami property comprises an auto repair shop with 2,127 square feet of building area. Constructed in 1959, the facility is positioned at 3198 S Dixie Highway, Miami, FL 33133.
The property’s established automotive-service configuration provides a commercial setting for repair operations. Its highway address places the shop on S Dixie Highway within Miami.
The property’s established automotive-service configuration provides a commercial setting for repair operations. Its highway address places the shop on S Dixie Highway within Miami.
Key Highlights
- 2,127‑square‑foot auto repair shop
- Built in 1959
- Located at 3198 S Dixie Highway, Miami, FL 33133
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,575
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,500
$571.5K
Cap Rate 7%
$408,214
$408.2K
Cap Rate 9%
$317,500
$317.5K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$42.9K $20.16/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$40.8K $19.19/SF
− OpEx
−$12.2K −$5.76/SF
NOI
$28.6K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,500
Cap Rate 7%
$408,214
Cap Rate 9%
$317,500
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,502 @ 7.0% cap · market cap 20.10%
Second Best
Retail
$991.4K
$867.4K – $1.16M
NOI $69,395 @ 7.0% cap · market cap 13.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,430
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive service property located in Miami, Florida.
Where is this auto shop located?
The property is located at 3198 S Dixie Highway Miami, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,127‑square‑foot auto repair shop; Built in 1959; Located at 3198 S Dixie Highway, Miami, FL 33133
