Renovated Mixed-Use
For Sale
$750,000
Pending
3705 NW 35th Ave, Miami, FL 33142
Renovated residential, warehouse, and storage components accommodate three established tenants.
Property Size2,954 SF
Days on Market225
Property Features for 3705 NW 35th Ave
General Information
Standard status
Pending
Size
2,954 SF
Property subtype
Mixed Use
Financials
Gross Income
$74,400
Average Monthly Rent
$2,700
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,355
Building Details
Building Size
2,954 SF
Year Built
1947
Tenancy
Multi
Listing Agency:
The Keyes Company
Listed By:
Rey Figueroa · License #3043933
(305) 371-3592
Source:
Vanessafrankmiami
Added: Mar 3
Changed: Oct 14
Last Checked: Oct 13 at 3:46AM
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 Keyes Company
Investment Insights
Based on property information with market context.
This 2,954-square-foot mixed-use property, built in 1947, combines a renovated residential unit with commercial storage and warehouse space. The residence offers three bedrooms and two bathrooms, while the separate warehouse area has undergone extensive upgrades. A distinct storage or efficiency unit adds another functional component to the layout.
The property is located at 3705 NW 35th Ave in Miami, Florida. Three established tenants occupy the residential, warehouse, and storage spaces, creating a diversified in-place occupancy profile. The residential improvements include replacement plywood subflooring, and the warehouse has been substantially updated. Showings are available by appointment.
The property is located at 3705 NW 35th Ave in Miami, Florida. Three established tenants occupy the residential, warehouse, and storage spaces, creating a diversified in-place occupancy profile. The residential improvements include replacement plywood subflooring, and the warehouse has been substantially updated. Showings are available by appointment.
Key Highlights
- 2,954‑square‑foot mixed‑use property at 3705 NW 35th Ave, Miami, FL 33142
- Built in 1947
- Renovated 3‑bedroom / 2‑bath residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,190
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,800
$963.8K
Cap Rate 7%
$688,429
$688.4K
Cap Rate 9%
$535,444
$535.4K
Market Conditions
NOI Build-Up for 2,954 SF
Gross rent
$59.6K $20.16/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$56.7K $19.19/SF
− OpEx
−$8.5K −$2.88/SF
NOI
$48.2K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,800
Cap Rate 7%
$688,429
Cap Rate 9%
$535,444
Alternative Uses
Best Use
Mixed Use
$997.0K
$872.4K – $1.16M
NOI $69,788 @ 7.0% cap · market cap 9.31%
Second Best
Warehouse
$688.4K
$602.4K – $803.2K
NOI $48,190 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.33M
NOI $139,578 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,320
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated residential, warehouse, and storage components accommodate three established tenants.
Where is this mixed-use property located?
The property is located at 3705 NW 35th Ave Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,954‑square‑foot mixed‑use property at 3705 NW 35th Ave, Miami, FL 33142; Built in 1947; Renovated 3‑bedroom / 2‑bath residential unit
