Best Buy-Anchored Retail
33590 S DIXIE HWY, Florida City, FL 33034
For Sale
Contact for pricing
A Best Buy store anchors Florida City Center on the South Dixie Highway commercial corridor.
Property Size30,000 SF
Price / SF$343.33
Days on Market50
Property Features for 33590 S DIXIE HWY
General Information
Standard status
Size
Property subtype
Site & Location
Anchor Co-Tenants
Highway Access
Road Access
Building Details
Buildings
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Gabriel Britti · License #FL SL3211804
(518) 269-0496
Source:
Crexi
Added: Sep 21
Changed: Oct 31
Last Checked: Nov 8 at 6:19AM
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 SURMOUNT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 30,000-square-foot Best Buy occupies space in Florida City Center, a power center in Florida City, Florida. The store is part of a tenant mix that includes Mattress Firm, AutoZone, Bank of America, Aldi, Panda Express, Supercuts and Jimmy John's. Walmart, BJ's Wholesale Club and The Home Depot are also identified in the nearby trade area.
The property is at 33590 South Dixie Highway (US-1), near the Florida Turnpike and a signalized intersection. The Turnpike interchange carries more than 52,600 vehicles per day, while South Dixie Highway records over 31,000 vehicles per day. The corridor also serves travelers heading toward the Florida Keys and Everglades National Park.
Within one mile, population was 12,654 in 2020, projected at 15,177 in 2024, and forecast to reach 16,684 by 2029. Average household income within five miles is $82,865. Nearby residential communities and hotels contribute to the surrounding trade area.
The property is at 33590 South Dixie Highway (US-1), near the Florida Turnpike and a signalized intersection. The Turnpike interchange carries more than 52,600 vehicles per day, while South Dixie Highway records over 31,000 vehicles per day. The corridor also serves travelers heading toward the Florida Keys and Everglades National Park.
Within one mile, population was 12,654 in 2020, projected at 15,177 in 2024, and forecast to reach 16,684 by 2029. Average household income within five miles is $82,865. Nearby residential communities and hotels contribute to the surrounding trade area.
Key Highlights
- 30,000‑square‑foot Best Buy store
- Located in Florida City Center with Mattress Firm, AutoZone, Bank of America, Aldi, Panda Express, Supercuts and Jimmy John's
- Turnpike interchange traffic exceeds 52,600 vehicles per day; South Dixie Highway carries over 31,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$507,276
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,145,520
$10.1M
Cap Rate 7%
$7,246,800
$7.2M
Cap Rate 9%
$5,636,400
$5.6M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$792.0K $26.40/SF
− Vacancy
−$67.3K −$2.24/SF
EGI
$724.7K $24.16/SF
− OpEx
−$217.4K −$7.25/SF
NOI
$507.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,145,520
Cap Rate 7%
$7,246,800
Cap Rate 9%
$5,636,400
Alternative Uses
Best Use
Retail
$7.25M
$6.34M – $8.45M
NOI $507,276 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.22M
$13.32M – $17.76M
NOI $1,065,419 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Market
Average Price Trend$/SF for Retail space in Miami-Dade County, FL
Properties on Market for Retail space in Miami-Dade County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A Best Buy store anchors Florida City Center on the South Dixie Highway commercial corridor.
Where is this retail space located?
The property is located at 33590 S DIXIE HWY Florida City, FL.
What is the asking price?
The asking price for this property is $10,300,000.
What are key features of this property?
This property features: 30,000‑square‑foot Best Buy store; Located in Florida City Center with Mattress Firm, AutoZone, Bank of America, Aldi, Panda Express, Supercuts and Jimmy John's; Turnpike interchange traffic exceeds 52,600 vehicles per day; South Dixie Highway carries over 31,000 vehicles per day
