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    Miami Commercial Redevelopment Opportunity Title is generated by Realmo AI

    470 NW 22nd Ave, Miami, FL 33125

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    Claim this Listing
    For Sale
    $1,125,000

    Land - Miami, FL

    Property size:
    2,300 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $489/SF
    Added:
    Apr 27, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 15 at 5:06 pm

    Property Features for 470 NW 22nd Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    6100
    Standard status
    Active
    APN
    01-41-03-035-0190
    Size
    2,300 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12360

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

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    Listing Contact
    Damaris Cheang
    Damaris Cheang

    Listing agent Damaris Cheang License #3282026

    Listing office Keller Williams Capital Realty 550 Biltmore Way, Coral Gables, FL

    Listing date Apr 27, 2026

    MLS# A12008488 Listing URL

    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.

    HighLights

    • Prime commercial redevelopment opportunity in high‑traffic Miami location.
    • Zoned T6‑8‑O, with potential for up to 8 stories.
    • Existing building with approximately 2,300 SF of interior space.
    • Features 6 offices, 2 restrooms, and 7 parking spaces.
    • Well‑configured existing improvement while redevelopment plans or future use are explored.
    • Excellent visibility and strong street presence.

    Overview

    This property presents a commercial redevelopment opportunity in Miami, situated in a high-traffic area. The zoning is T6-8-O, allowing for potential construction of up to 8 stories. The existing building includes approximately 2,300 square feet of interior space, featuring 6 offices and 2 restrooms. There are 7 parking spaces available. The existing improvement offers a well-configured space while redevelopment plans or future use are explored. The property benefits from excellent visibility and a strong street presence. The lot size is 0.1313 acres. Intended use of the property is commercial redevelopment.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $108,676 @ 7.0% cap · market cap 9.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carousel Learning Academy Daycare Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.231174
    Latitude
    25.77744

    FAQs

    What type of property is this?
    Commercial land - Commercial land with redevelopment potential in a high-traffic Miami location.
    Where is this commercial land 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: Prime commercial redevelopment opportunity in high‑traffic Miami location.; Zoned T6‑8‑O, with potential for up to 8 stories.; Existing building with approximately 2,300 SF of interior space.
    More about this property
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