Building Details

Building Size 5,458 SF

Year Built 1953

Buildings 1

Listing Agency: FORTUNE CHRISTIE'S INTL R.E.

Listed By: Michael Ramirez Garcia · License #A12062109 Show Phone

Source: Elliman

Added: Apr 11 Changed: Aug 29 Last Checked: Oct 12 at 6:49PM

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Investment Insights

Based on property information with market context.

This mixed-use commercial property occupies approximately 10,266 SF of land and includes an existing 5,458 SF building constructed in 1953. The current layout places a cafeteria and retail component toward the front, with automotive sales space at the rear. The building is described as supporting dual income and offers separate commercial functions within one property.

Positioned on a corner with dual frontage, the site provides direct exposure and internal circulation. Its Miami setting places it near major transportation routes, airport logistics, and commercial activity along the Miami River. Walk Score is 67, Bike Score is 56, and Transit Score is 44.

Key Highlights

• Approximately 10,266 SF of land
• Existing 5,458 SF building constructed in 1953
• Front cafeteria and retail component

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$178,071

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,561,420 $3.6M

Cap Rate 7%

$2,543,871 $2.5M

Cap Rate 9%

$1,978,567 $2.0M

Market Conditions

NOI Build-Up for 5,458 SF

Gross rent

$283.6K $51.96/SF

− Vacancy

−$29.2K −$5.35/SF

EGI

$254.4K $46.61/SF

− OpEx

−$76.3K −$13.98/SF

NOI

$178.1K $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 Rate 5%

$3,561,420

Cap Rate 7%

$2,543,871

Cap Rate 9%

$1,978,567

Alternative Uses

Best Use

Retail

$2.54M

$2.23M – $2.97M (±1% cap)

NOI $178,071 @ 7.0% cap · market cap 5.09%

Second Best

Mixed Use

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,945 @ 7.0% cap · market cap 3.68%

Theoretical Best

Specialty Retail

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,893 @ 7.0% cap · market cap 7.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,567

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner-site building combines a front cafeteria and retail area with rear automotive sales operations.

Where is this mixed-use property located?

The property is located at 3300 NW North River Dr Miami, FL.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Approximately 10,266 SF of land; Existing 5,458 SF building constructed in 1953; Front cafeteria and retail component