Freestanding Corner Retail
For Sale
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5180 NW 17th Ave, Miami, FL 33142
Freestanding retail building positioned on a corner lot with strong daily traffic exposure.
Property Size4,054 SF
Price / SF$1.25
Days on Market126
Property Features for 5180 NW 17th Ave
General Information
Standard status
Active
Size
4,054 SF
Property subtype
Commercial
Additional Details
Traffic Count
23,000 vehicles/day
Building Details
Building Size
4,054 SF
Year Built
1955
Listing Agency:
Miami Waterfront Realty
Listed By:
Richard Feldman · License #3249105
(305) 970-2884
Source:
Elliman
Added: Jun 18
Changed: Aug 16
Last Checked: Oct 21 at 4:15AM
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 Miami Waterfront Realty
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Investment Insights
Based on property information with market context.
This freestanding retail building is situated on a corner lot and totals 4,000 square feet. The property sits on a 5,000 square foot lot, offering a standalone configuration suited for a variety of retail uses. The building is described as being located in the heart of “Model city,” where multiple new residential developments are underway.
The site is positioned on NW 17 Avenue and 54 Street, with 54 Street noted at approximately 23,000 daily car count. The area is also characterized by access to public transportation, with a direct connection mentioned to Hialeah, Wynwood, Allapattah, Design district, and Midtown. WalkScore is 63 (Somewhat Walkable), BikeScore is 57 (Bikeable), and transitScore is 50 (Good Transit).
Overall, the property’s corner placement and freestanding layout provide a straightforward retail footprint within a growing residential corridor.
The site is positioned on NW 17 Avenue and 54 Street, with 54 Street noted at approximately 23,000 daily car count. The area is also characterized by access to public transportation, with a direct connection mentioned to Hialeah, Wynwood, Allapattah, Design district, and Midtown. WalkScore is 63 (Somewhat Walkable), BikeScore is 57 (Bikeable), and transitScore is 50 (Good Transit).
Overall, the property’s corner placement and freestanding layout provide a straightforward retail footprint within a growing residential corridor.
Key Highlights
- Freestanding 4,000 SF retail building
- Located on a 5,000 sq ft corner lot on NW 17 Avenue and 54 Street
- 54 Street has an estimated 23,000 daily car count
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,503
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,060
$2.6M
Cap Rate 7%
$1,864,329
$1.9M
Cap Rate 9%
$1,450,033
$1.5M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$207.8K $51.96/SF
− Vacancy
−$21.4K −$5.35/SF
EGI
$186.4K $46.61/SF
− OpEx
−$55.9K −$13.98/SF
NOI
$130.5K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,060
Cap Rate 7%
$1,864,329
Cap Rate 9%
$1,450,033
Alternative Uses
Best Use
Retail
$1.86M
$1.63M – $2.18M
NOI $130,503 @ 7.0% cap · market cap 2,610.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $189,002 @ 7.0% cap · market cap 3,780.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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?
Retail space - Freestanding retail building positioned on a corner lot with strong daily traffic exposure.
Where is this retail space located?
The property is located at 5180 NW 17th Ave Miami, FL.
What are key features of this property?
This property features: Freestanding 4,000 SF retail building; Located on a 5,000 sq ft corner lot on NW 17 Avenue and 54 Street; 54 Street has an estimated 23,000 daily car count
