Redevelopment Office Land
For Sale
$1,125,000
470 NW 22nd Ave, Miami, FL 33125
LAND - Miami, FL
Property Size2,300 SF
Lot Size0.13 Acres
Price / SF$489.13
Days on Market39
Property Features for 470 NW 22nd Ave
General Information
Property type
Land
Property subtype
Other
Zoning description
6100
Lot features
<1 Acre, Rectangular Lot
Subdivision
41
Standard status
Active
APN
01-41-03-035-0190
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY LINE PARK AMD PB 10-13 LOT 23 & N20FT LOT 24 LESS BEG 79.25FTE OF NW COR OF LT 23 TH SELY AD 39.27FT S30FT E5FT N30FT NWLY AD 39.27FT W
Tax Annual Amount
12360
Legal Description
CITY LINE PARK AMD PB 10-13 LOT 23 & N20FT LOT 24 LESS BEG 79.25FTE OF NW COR OF LT 23 TH SELY AD 39.27FT S30FT E5FT N30FT NWLY AD 39.27FT W
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Keller Williams Capital Realty · Keller Williams Realty
(305) 662-7325
Listed By:
Damaris Cheang · License #3282026
(786) 278-0380
Added: Jun 23
Changed: Jun 30
Last Checked: Jul 31 at 11:06PM
MLS# A12008488
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes a small office building on a 0.1313-acre parcel, presented for redevelopment or adaptive reuse. The existing interior space is approximately 2,300 square feet and is configured with 6 offices and 2 restrooms. On-site parking totals 7 spaces, providing a functional starting point while redevelopment plans or future use are evaluated.
The property is located at 470 NW 22nd Ave in Miami (33125), in Miami-Dade County. Public remarks describe the site as having strong street presence and being in a high-traffic area. The listing indicates zoning of T6-8-O, with potential for up to 8 stories, subject to buyer verification.
For buyers and developers seeking a redevelopment parcel, the presence of an existing office improvement may support interim use while entitlement discussions move forward. The on-site parking count and existing office layout can also be useful for evaluating short-term operations versus full redevelopment. As noted in the listing, buyers should independently verify zoning, permitted uses, and redevelopment feasibility before proceeding.
The property is located at 470 NW 22nd Ave in Miami (33125), in Miami-Dade County. Public remarks describe the site as having strong street presence and being in a high-traffic area. The listing indicates zoning of T6-8-O, with potential for up to 8 stories, subject to buyer verification.
For buyers and developers seeking a redevelopment parcel, the presence of an existing office improvement may support interim use while entitlement discussions move forward. The on-site parking count and existing office layout can also be useful for evaluating short-term operations versus full redevelopment. As noted in the listing, buyers should independently verify zoning, permitted uses, and redevelopment feasibility before proceeding.
Key Highlights
- Zoned T6‑8‑O, with potential for up to 8 stories (buyer to verify zoning and permitted uses).
- Existing building includes approx. 2,300 SF interior space with 6 offices and 2 restrooms.
- On‑site parking includes 7 spaces.
Financial Insights For Office B
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 | $103.5k | $45.00 |
| − Vacancy | −$15.5k | −$6.75 |
| EGI | $88.0k | $38.25 |
| − OpEx | −$22.0k | −$9.56 |
| NOI | $66.0k | $28.69 |
2,300 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$942.6K
$824.8K – $1.10M
NOI $65,981 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,676 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
3,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Zoned T6-8-O redevelopment site with an existing office building and on-site parking.
Where is this office building located?
The property is located at 470 NW 22nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Zoned T6‑8‑O, with potential for up to 8 stories (buyer to verify zoning and permitted uses).; Existing building includes approx. 2,300 SF interior space with 6 offices and 2 restrooms.; On‑site parking includes 7 spaces.
