Industrial Property with Cafeteria
For Sale
$4,000,000
3300 S River Drive, Miami, FL 33142
Front-facing cafeteria component and rear used car dealership combine operational functionality on a Miami River corridor site.
Property Size5,458 SF
Price / SF$732.87
Days on Market147
Property Features for 3300 S River Drive
General Information
Standard status
Active
Size
5,458 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
3
6118
Corner Lot.
Corner.
Building Details
Year Built
1953
Listing Agency:
Fortune Christie's International Real Estate
(786) 380-5318
Listed By:
Monica Hurtado · License #3601415
(786) 380-5318
Source:
Xome
Added: Mar 31
Changed: Aug 23
Last Checked: Aug 24 at 5:10AM
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 Fortune Christie's International Real Estate
Investment Insights
Based on property information with market context.
3300 NW S River Dr is a dual-use industrial property designed around two operational components: a front-facing cafeteria and a rear-positioned used car dealership. The site is described as having usable yard/operational space that supports ongoing business activity and day-to-day operations.
The property is positioned along the Miami River industrial corridor, an established mix of logistics operators, contractor uses, automotive and marine-related businesses, and institutional warehouse facilities. The offering is presented as having access to major transportation arteries, including expressways and port connectivity.
As configured, the property supports continued dual-use operations or future repositioning, with the current layout combining income-producing frontage with rear dealership operations.
The property is positioned along the Miami River industrial corridor, an established mix of logistics operators, contractor uses, automotive and marine-related businesses, and institutional warehouse facilities. The offering is presented as having access to major transportation arteries, including expressways and port connectivity.
As configured, the property supports continued dual-use operations or future repositioning, with the current layout combining income-producing frontage with rear dealership operations.
Key Highlights
- Front‑facing cafeteria component provides operational functionality on the Miami River corridor site.
- Rear‑positioned used car dealership adds a second income stream to the same property.
- Industrial property along the Miami River industrial corridor with logistics, automotive, and marine‑related businesses nearby.
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
$257,893
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
6.45%
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%
$5,157,860
$5.2M
Cap Rate 7%
$3,684,186
$3.7M
Cap Rate 9%
$2,865,478
$2.9M
Market Conditions
NOI Build-Up for 5,458 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
$349.1K $63.96/SF
− Vacancy
−$5.2K −$0.96/SF
EGI
$343.9K $63.00/SF
− OpEx
−$86.0K −$15.75/SF
NOI
$257.9K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
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%
$5,157,860
Cap Rate 7%
$3,684,186
Cap Rate 9%
$2,865,478
Alternative Uses
Best Use
Specialty Retail
$3.68M
$3.22M – $4.30M
NOI $257,893 @ 7.0% cap · market cap 6.45%
Second Best
Retail
$2.54M
$2.23M – $2.97M
NOI $178,071 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Adams Catering Inc — 14080 NW 22nd Ave A, Opa-locka, FL 33054
- City Chef Catering — 1321 NW 155th Dr, Miami Gardens, FL 33169
- Nat's Catering Services — 1739 Opa-Locka Blvd, Opa-locka, FL 33054
- Chef Reni Catering & Services
Frequently Asked Questions
What type of property is this?
Flex space - Front-facing cafeteria component and rear used car dealership combine operational functionality on a Miami River corridor site.
Where is this flex space located?
The property is located at 3300 S River Drive Miami, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Front‑facing cafeteria component provides operational functionality on the Miami River corridor site.; Rear‑positioned used car dealership adds a second income stream to the same property.; Industrial property along the Miami River industrial corridor with logistics, automotive, and marine‑related businesses nearby.
