Corner Property in Palmer
3200 NW South River Dr, Miami, FL 33142
For Sale
Contact for pricing
Retail, office, and warehouse space near the airport.
Property Size7,158 SF
Lot Size0.33 Acres
Price / SF$3.10
Days on Market248
Property Features for 3200 NW South River Dr
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Luna International Realty, Inc
Listed By:
Adolfo Lopez · License FL #3024847
(786) 423-5670
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Luna International Realty, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This unique corner property is located on NW South River Drive in the Palmer Lake district. The property includes approximately 5,158 square feet of retail and office space, along with an adjacent warehouse. Additional storage space and three bathrooms are included. The property has parking space available in front of the building. Zoned for automotive and marine use, the location is near the airport, car rental companies, and an Amazon warehouse.
Key Highlights
- High‑visibility corner property on NW South River Drive.
- Zoned for automotive/marine use.
- Includes retail, office, and warehouse space (approx. 5,158 sq ft).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,296
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,385,920
$1.4M
Cap Rate 7%
$989,943
$989.9K
Cap Rate 9%
$769,956
$770.0K
Market Conditions
NOI Build-Up for 5,158 SF
Gross rent
$104.0K $20.16/SF
− Vacancy
−$5.0K −$0.97/SF
EGI
$99.0K $19.19/SF
− OpEx
−$29.7K −$5.76/SF
NOI
$69.3K $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%
$1,385,920
Cap Rate 7%
$989,943
Cap Rate 9%
$769,956
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $168,283 @ 7.0% cap
Second Best
Office B
$2.11M
$1.85M – $2.47M
NOI $147,970 @ 7.0% cap
Theoretical Best
Specialty Retail
$3.48M
$3.05M – $4.06M
NOI $243,718 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Well-served
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
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Automotive properties in Miami, FL
Properties on Market for Automotive properties in Miami
Vacancy Rate% for Office in Miami, FL
Similar Off Market Nearby
- SPARKLE N SHINE mobile CARWASH — 3610 NW 15th St, Miami, FL 33125
- Rents cars — 3350 NW 14th St, Miami, FL 33125
- Exotic Car Rental — 1322 NW 31st Ave, Miami, FL 33125
- Miami Rolls Royce Limo — 1901 NW 25th Ave, Miami, FL 33125
- Car Rental Miami — 3900 nw 21st st, miami, fl 33142
Frequently Asked Questions
What type of property is this?
Automotive property - Retail, office, and warehouse space near the airport.
Where is this automotive property located?
The property is located at 3200 NW South River Dr Miami, FL.
What are key features of this property?
This property features: High‑visibility corner property on NW South River Drive.; Zoned for automotive/marine use.; Includes retail, office, and warehouse space (approx. 5,158 sq ft).
