Retail Plaza with Available
New
For Sale
$1,500,000
3251 NW 183rd St, Miami Gardens, FL 33056
Commercial Sale, Miami Gardens, FL
Property Size5,023 SF
Lot Size0.47 Acres
Price / SF$298.63
Days on Market2
Property Features for 3251 NW 183rd St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
6500
Subdivision
21
Standard status
Active
APN
34-21-04-003-1800
Lot size
0.47 Acres
Taxes and HOA fees
Tax Description
4 52 41 GARDEN RD HIGHLANDS PB 15-64 S20FT OF LOTS 10 TO 14 INC & ALL LOTS 37 THRU 41 BLK M LESS PORT OF LOTS 37 THRU 41 DESC COMM AT NE COR
Legal Description
4 52 41 GARDEN RD HIGHLANDS PB 15-64 S20FT OF LOTS 10 TO 14 INC & ALL LOTS 37 THRU 41 BLK M LESS PORT OF LOTS 37 THRU 41 DESC COMM AT NE COR
Building Details
Year built
1962
Listing Agency:
Trustpoint Realty, LLC.
(305) 200-0348
Listed By:
Andres Villarreal · License #3606293
(754) 736-0335
Added: Sep 9
Last Checked: Sep 10 at 1:06AM
MLS# A12069499
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,023-square-foot retail plaza includes a currently available 900-square-foot unit within the property. The suite was previously occupied by a beauty salon, providing a defined commercial space for a new occupant. Built in 1962, the property offers a retail-focused configuration suitable for owner-user or investor consideration.
The plaza is located at 3251 NW 183rd Street in Miami Gardens, within Miami-Dade County. Its position along busy NW 183rd Street provides visibility and convenient access for retail and personal-service operations.
The plaza is located at 3251 NW 183rd Street in Miami Gardens, within Miami-Dade County. Its position along busy NW 183rd Street provides visibility and convenient access for retail and personal-service operations.
Key Highlights
- 5,023‑square‑foot retail plaza
- 900‑square‑foot unit currently available
- Previously occupied by a beauty salon
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
$61,005
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
4.07%
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%
$1,220,100
$1.2M
Cap Rate 7%
$871,500
$871.5K
Cap Rate 9%
$677,833
$677.8K
Market Conditions
NOI Build-Up for 5,023 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
$92.2K $18.36/SF
− Vacancy
−$5.1K −$1.01/SF
EGI
$87.2K $17.35/SF
− OpEx
−$26.1K −$5.21/SF
NOI
$61.0K $12.15/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /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%
$1,220,100
Cap Rate 7%
$871,500
Cap Rate 9%
$677,833
Alternative Uses
Best Use
Retail
$871.5K
$762.6K – $1.02M
NOI $61,005 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.74M
NOI $104,679 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33056, FL
36,556
Population
12,155
Households
3
Avg Household Size
37
Median Age
18%
College-Educated
84%
High-School Grad
6.1 sq mi
ZIP Area
5,993
Density / Sq Mi
$62,255
Median Household Income
$33,179
Median Earnings
$1,659
Median Rent
$332,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail property with a vacant suite along NW 183rd Street.
Where is this shopping center located?
The property is located at 3251 NW 183rd St Miami Gardens, 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: 5,023‑square‑foot retail plaza; 900‑square‑foot unit currently available; Previously occupied by a beauty salon
