Mixed-Use Property with Retail
For Sale
Contact for pricing
517 SW 12th Ave, Miami, FL 33130
Open-layout commercial space with street presence near Calle Ocho and access to onsite and street parking.
Property Size11,257 SF
Price / SF$0.17
Days on Market166
Property Features for 517 SW 12th Ave
General Information
Standard status
Active
Size
11,257 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Latin Quarter
Building Details
Building Size
11,257 SF
Year Built
1979
Listing Agency:
Floridian First Realty Corp
Listed By:
Michelle Gonzalez · License #0649239
(305) 582-4352
Source:
Casacollectiongroup
Added: May 19
Changed: Oct 31
Last Checked: Oct 30 at 9:16PM
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 Floridian First Realty Corp
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Investment Insights
Based on property information with market context.
517 SW 12th Ave includes approximately 490 square feet of versatile retail space within a mixed-use property built in 1979. The space features an open layout suited to retail, office, accounting, travel agency, packaging, and other professional service uses identified for the property.
The property is positioned near Calle Ocho in Little Havana, with surrounding residential density, established local businesses, restaurants, and neighborhood staples. Brickell, Downtown Miami, and major thoroughfares are also nearby. Onsite and street parking are available, and the location offers direct street presence in an active commercial area.
The property is positioned near Calle Ocho in Little Havana, with surrounding residential density, established local businesses, restaurants, and neighborhood staples. Brickell, Downtown Miami, and major thoroughfares are also nearby. Onsite and street parking are available, and the location offers direct street presence in an active commercial area.
Key Highlights
- Approximately 490 SF of versatile retail space
- Open layout suited to retail, office, packaging, and professional services
- Located near Calle Ocho in Little Havana
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,318,940
$5.3M
Cap Rate 7%
$3,799,243
$3.8M
Cap Rate 9%
$2,954,967
$3.0M
Market Conditions
NOI Build-Up for 11,257 SF
Gross rent
$472.8K $42.00/SF
− Vacancy
−$47.3K −$4.20/SF
EGI
$425.5K $37.80/SF
− OpEx
−$159.6K −$14.18/SF
NOI
$265.9K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,318,940
Cap Rate 7%
$3,799,243
Cap Rate 9%
$2,954,967
Alternative Uses
Best Use
Retail
$5.25M
$4.59M – $6.12M
NOI $367,267 @ 7.0% cap · market cap 19,329.84%
Second Best
Mixed Use
$3.80M
$3.32M – $4.43M
NOI $265,947 @ 7.0% cap · market cap 13,997.21%
Theoretical Best
Specialty Retail
$7.60M
$6.65M – $8.86M
NOI $531,898 @ 7.0% cap · market cap 27,994.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Open-layout commercial space with street presence near Calle Ocho and access to onsite and street parking.
Where is this mixed-use property located?
The property is located at 517 SW 12th Ave Miami, FL.
What are key features of this property?
This property features: Approximately 490 SF of versatile retail space; Open layout suited to retail, office, packaging, and professional services; Located near Calle Ocho in Little Havana
