Freestanding Commercial Property on Palmetto
For Sale
$15,225,000
4401 NW 167 St, Miami Gardens, FL 33055
Commercial property with high visibility and multiple use options.
Property Size30,447 SF
Days on Market377
Property Features for 4401 NW 167 St
General Information
Standard status
Active
Size
30,447 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$84,898
Building Details
Building Size
30,447 SF
Year Built
1972
Listing Agency:
Klapot Corp
(786) 200-6272
Listed By:
Alexander Lozev · License #3324966
Source:
Theelainegroup
Added: Aug 12, 2025
Changed: Aug 23
Last Checked: Aug 22 at 9:20AM
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 Klapot Corp
Investment Insights
Based on property information with market context.
This freestanding commercial property benefits from direct signage and exposure to over 160,000 vehicles per day on the Palmetto Expressway (SR 826). Zoned 6500 Commercial with Multiple Commercial Uses, the property is suitable for retail, showroom, or warehouse purposes. It is located in a busy retail area of Miami Gardens, directly across from BrandsMart USA and El Dorado Furniture's headquarters, and near Miami's "Auto Alley" car dealerships. The property offers extraordinary access and visibility. Discount retailers in the area have the highest sales per square foot compared to similar retailers in the United States.
Key Highlights
- Direct signage and exposure to over 160,000 vehicles per day on the Palmetto Expressway (SR 826).
- Extraordinary access and visibility in a high‑traffic Miami retail area.
- Zoned 6500 Commercial with Multiple Commercial Uses: Retail, Showroom, and Warehouse.
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
$449,022
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
2.95%
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%
$8,980,440
$9.0M
Cap Rate 7%
$6,414,600
$6.4M
Cap Rate 9%
$4,989,133
$5.0M
Market Conditions
NOI Build-Up for 30,447 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
$559.0K $18.36/SF
− Vacancy
−$30.7K −$1.01/SF
EGI
$528.3K $17.35/SF
− OpEx
−$79.2K −$2.60/SF
NOI
$449.0K $14.75/SF
Area
Miami Gardens, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$8,980,440
Cap Rate 7%
$6,414,600
Cap Rate 9%
$4,989,133
Alternative Uses
Best Use
Warehouse
$6.41M
$5.61M – $7.48M
NOI $449,022 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$5.28M
$4.62M – $6.16M
NOI $369,783 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$9.06M
$7.93M – $10.58M
NOI $634,515 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 33055, FL
42,950
Population
12,112
Households
3.5
Avg Household Size
42
Median Age
16%
College-Educated
76%
High-School Grad
6.0 sq mi
ZIP Area
7,158
Density / Sq Mi
$59,728
Median Household Income
$36,177
Median Earnings
$1,624
Median Rent
$341,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property with high visibility and multiple use options.
Where is this retail property located?
The property is located at 4401 NW 167 St Miami Gardens, FL.
What is the asking price?
The asking price for this property is $15,225,000.
What are key features of this property?
This property features: Direct signage and exposure to over 160,000 vehicles per day on the Palmetto Expressway (SR 826).; Extraordinary access and visibility in a high‑traffic Miami retail area.; Zoned 6500 Commercial with Multiple Commercial Uses: Retail, Showroom, and Warehouse.
