Building Details

Year built 1966

Number of units 4

Architectural style Other

Listing Agency: Fortune Christie's Intl R.E. o***@fir.com Show Phone

Listed By: Monica Hurtado · License #3298858 Show Phone

Added: Aug 19 Changed: Oct 3 Last Checked: Oct 15 at 9:06AM

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MLS# A12002796

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 two-property commercial land assemblage totals approximately 42,454 SF, or 0.9748 acres, with 17,864 SF of combined building area. The property at 3300 NW South River Drive is leased to restaurant and logistics tenants. At 3326 NW South River Drive, the industrial asset has permit documentation and a Miami-Dade County operating history for automotive collision repair, body shop work, and paint spray booth use.

The properties are located in Miami’s River corridor at 3300 and 3326 NW S River Dr. Existing buildings provide space for current commercial operations, while the documented automotive history identifies prior industrial use at the second property. The source also identifies automotive, marine, warehouse, logistics, contractor storage, showroom, flex industrial, and redevelopment as possible scenarios.

Key Highlights

• Two properties totaling approximately 42,454 SF of land (0.9748 acres)
• 17,864 SF of combined building area
• 3300 NW South River Drive is leased to a restaurant tenant and a logistics tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$582,825

Cap Rate

3.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$11,656,500 $11.7M

Cap Rate 7%

$8,326,071 $8.3M

Cap Rate 9%

$6,475,833 $6.5M

Market Conditions

NOI Build-Up for 17,864 SF

Gross rent

$928.2K $51.96/SF

− Vacancy

−$95.6K −$5.35/SF

EGI

$832.6K $46.61/SF

− OpEx

−$249.8K −$13.98/SF

NOI

$582.8K $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%

$11,656,500

Cap Rate 7%

$8,326,071

Cap Rate 9%

$6,475,833

Alternative Uses

Best Use

Retail

$8.33M

$7.29M – $9.71M (±1% cap)

NOI $582,825 @ 7.0% cap · market cap 3.99%

Second Best

Warehouse

$4.16M

$3.64M – $4.86M (±1% cap)

NOI $291,424 @ 7.0% cap · market cap 2.00%

Theoretical Best

Specialty Retail

$12.06M

$10.55M – $14.07M (±1% cap)

NOI $844,082 @ 7.0% cap · market cap 5.78%

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

Property Analytics

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Current Use

Centauri Transport Shipping Company

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Pharmacy Skin Care Clinic

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

593

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 commercial land 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?

Commercial land - Two adjoining properties combine occupied commercial space with an industrial property that has a documented automotive-use history.

Where is this commercial land located?

The property is located at 3300 & 3326 NW S River Dr Miami, FL.

What is the asking price?

The asking price for this property is $14,600,000.

What are key features of this property?

This property features: Two properties totaling approximately 42,454 SF of land (0.9748 acres); 17,864 SF of combined building area; 3300 NW South River Drive is leased to a restaurant tenant and a logistics tenant