Corner-Lot Storefront
For Sale
Contact for pricing
3400 N Miami Avenue, Miami, FL 33127
Two-story commercial building includes a kitchen and two bathrooms.
Property Size2,416 SF
Price / SF$1,096
Days on Market141
Property Features for 3400 N Miami Avenue
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
4
Property subtype
Retail
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
The Comras Company of Florida, Inc.
(305) 970-2884
Listed By:
Irma Figueroa · License #FL
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 12 at 3:22AM
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 The Comras Company of Florida, Inc.
Investment Insights
Based on property information with market context.
Located at 3400 N Miami Ave in Miami, this two-story storefront property occupies a corner lot and is currently used as a fabric and clothing store. The building includes a kitchen and two bathrooms, providing a defined commercial layout for continued retail use.
The property is positioned in the Midtown/Wynwood area near North Miami Ave, at an intersection described as carrying heavy traffic. Access to I-95 and I-195 supports connectivity to the surrounding Miami area. Nearby context includes shops, art, restaurants, architecture, and tourist activity.
The property is positioned in the Midtown/Wynwood area near North Miami Ave, at an intersection described as carrying heavy traffic. Access to I-95 and I-195 supports connectivity to the surrounding Miami area. Nearby context includes shops, art, restaurants, architecture, and tourist activity.
Key Highlights
- Two‑story storefront property on a corner lot
- Currently used as a fabric and clothing store
- Kitchen and 2 bathrooms included
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
$78,824
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
2.97%
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%
$1,576,480
$1.6M
Cap Rate 7%
$1,126,057
$1.1M
Cap Rate 9%
$875,822
$875.8K
Market Conditions
NOI Build-Up for 2,416 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
$125.5K $51.96/SF
− Vacancy
−$12.9K −$5.35/SF
EGI
$112.6K $46.61/SF
− OpEx
−$33.8K −$13.98/SF
NOI
$78.8K $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 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%
$1,576,480
Cap Rate 7%
$1,126,057
Cap Rate 9%
$875,822
Alternative Uses
Best Use
Retail
$1.13M
$985.3K – $1.31M
NOI $78,824 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,157 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,777
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story commercial building includes a kitchen and two bathrooms.
Where is this storefront property located?
The property is located at 3400 N Miami Avenue Miami, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Two‑story storefront property on a corner lot; Currently used as a fabric and clothing store; Kitchen and 2 bathrooms included
