Retail Space with Showroom
New
For Sale
Contact for pricing
3452 N MIAMI Avenue, Miami, FL 33127
A completed interior buildout and five on-site parking spaces support a range of retail configurations.
Property Size2,619 SF
Price / SF$6.25
Days on Market3
Property Features for 3452 N MIAMI Avenue
General Information
Standard status
Active
Size
2,619 SF
Total Parking Spaces
5
Property subtype
Retail
Zoning
T5-O Urban Center
Site & Location
Neighborhood
Old San Juan
Traffic Count
19,700 vehicles/day
Taxes and HOA fees
Annual Taxes
$41,075
Building Details
Building Size
2,619 SF
Year Built
1946
Listing Agency:
Native Realty Co.
Listed By:
Adam S Docktor · License #3261593
(954) 610-0440
Source:
Casacollectiongroup
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:11AM
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 Native Realty Co.
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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.
This 2,619-square-foot retail space has a full buildout in place and was previously used as a showroom. The building dates to 1946, and on-site parking accommodates five vehicles. The property is zoned T5-O Urban Center.
Positioned on North Miami Avenue between Wynwood and the Design District, the storefront sees 19,700 vehicles per day. The space is available now.
Positioned on North Miami Avenue between Wynwood and the Design District, the storefront sees 19,700 vehicles per day. The space is available now.
Key Highlights
- 2,619 SF of retail space with a full buildout
- Former showroom use
- T5‑O Urban Center zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,447
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,940
$1.7M
Cap Rate 7%
$1,220,671
$1.2M
Cap Rate 9%
$949,411
$949.4K
Market Conditions
NOI Build-Up for 2,619 SF
Gross rent
$136.1K $51.96/SF
− Vacancy
−$14.0K −$5.35/SF
EGI
$122.1K $46.61/SF
− OpEx
−$36.6K −$13.98/SF
NOI
$85.4K $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%
$1,708,940
Cap Rate 7%
$1,220,671
Cap Rate 9%
$949,411
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,447 @ 7.0% cap · market cap 522.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,749 @ 7.0% cap · market cap 756.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
19,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
6,777
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - A completed interior buildout and five on-site parking spaces support a range of retail configurations.
Where is this retail space located?
The property is located at 3452 N MIAMI Avenue Miami, FL.
What are key features of this property?
This property features: 2,619 SF of retail space with a full buildout; Former showroom use; T5‑O Urban Center zoning
