Miami Mixed-Use Commercial
4699 NW 27th Ave, Miami, FL 33142
High-visibility commercial building with income potential on NW 27th.
Type:Mixed Use, Retail, Office, Industrial
Property size:
1,988 SFLot size:
0.08 AcresPrice / SF:
$450/SF- Added:
- Feb 16, 2026
- Days on Market:
- 132
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4699 NW 27th Ave
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Lot size
- 0.08 Acres
- Property subtype
- Mixed Use, Retail, Office, Industrial
Building Details
- Year Built
- 1948
Listing office Keller Williams Elite Properties
Listing date Feb 16, 2026
Source Crexi
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 Keller Williams Elite Properties
HighLights
- High‑traffic location on NW 27th Avenue with strong visibility and accessibility.
- Income‑generating property with long‑term tenant currently paying $4,600/month, with potential for rent increase.
- Zoning (UCH Mixed Use Corridor) permits a variety of commercial uses including retail, restaurant, and office.
- Potential for income diversification by dividing the layout into two separate retail spaces.
- Opportunity for expansion, including potential vertical expansion (second floor) and additional parking.
- Equipped with a surveillance camera system.
Overview
Located on NW 27th Avenue in Miami, within the Wilson Estate subdivision, this commercial property features a one-story building with approximately 1,988 square feet on a 3,600 square foot lot. The current primary land use is Store/Retail Outlet/Warehouse. Zoned 6051 UCH Mixed Use Corridor (MC4 Max Height), the building contains two interior restrooms positioned on opposite sides, allowing for potential division into two separate retail spaces and offering income diversification. The property is currently tenant-occupied with a long-term tenant paying $4,600 per month. Located on a high-traffic main corridor, NW 27th Avenue, the property benefits from strong visibility, multiple lanes in both directions, and service by the Metrorail line, enhancing exposure and accessibility. Multiple on-site parking spaces are available, and additional parking expansion may be possible by converting the side grass area to concrete, subject to buyer verification. The zoning permits a variety of uses, including retail, auto parts, restaurant/food service, professional office, and similar commercial applications, subject to buyer verification with the city. The city may allow installation of storefront windows along the street-facing façade, subject to buyer verification. There is potential for vertical expansion (second floor), subject to city approval. The property is equipped with a surveillance camera system.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.3k | $51.96 |
| − Vacancy | −$10.6k | −$5.35 |
| EGI | $92.7k | $46.61 |
| − OpEx | −$27.8k | −$13.98 |
| NOI | $64.9k | $32.63 |
1,988 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$926.6K
$810.8K – $1.08M
NOI $64,860 @ 7.0% cap · market cap 7.25%
Second Best
Office B
$814.7K
$712.9K – $950.5K
NOI $57,031 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,934 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Goldscooters
Electronics & Wireless Store
God's Calling Gospel ...
Church
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.240252
- Latitude
- 25.817622
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-visibility commercial building with income potential on NW 27th.
Where is this mixed-use property located?
The property is located at 4699 NW 27th Ave Miami, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑traffic location on NW 27th Avenue with strong visibility and accessibility.; Income‑generating property with long‑term tenant currently paying $4,600/month, with potential for rent increase.; Zoning (UCH Mixed Use Corridor) permits a variety of commercial uses including retail, restaurant, and office.
