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
Price / SF$500.05
Days on Market256
Property Features for 4401 NW 167 St
General Information
Standard status
Active
Size
30,447 SF
Building Details
Year Built
1972
Listing Agency:
Klapot Corp
Listed By:
Alexander Lozev · License #3324966
(786) 200-6272
Source:
Mymiahomes
Added: Jan 26
Changed: Oct 2
Last Checked: Oct 7 at 4:33PM
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 / Yr
$449,022
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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.
