Two-Unit Mixed-Use
5204 N Miami Ave Miami, FL 33127
5204 N Miami Ave, Miami, FL, 33127
Contact for pricing
For Sale
Contact for pricing
Two-unit property at 5204–5206 N Miami Ave, offered for sale with flexible T-commercial zoning for multiple use types.
Property Size3,159 SF
Price / SF$585.63
Days on Market80
Property Features for 5204 N Miami Ave
General Information
- Standard status
- Active
- Size
- 3,159 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
Borque Group Realty
(305) 699-3073
Listed by
Hilal Borque · License #3256299
Source
Crexi
Added: May 4 Updated: Jul 21 at 7:32AM Checked: Jul 21 at 7:32AM
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 Borque Group Realty
Investment Insights
Based on property information with market context.
This two-unit property at 5204–5206 N Miami Ave is being offered for sale as a mixed-use platform. The site is described as having flexible T-commercial zoning, with support for retail, office, or service-based uses depending on the tenant and operational plan.
Located along Miami’s Little Haiti/Little River corridor, the property is positioned within an active redevelopment environment, with nearby restaurants and creative businesses referenced in the marketing materials. For owner-users and investors seeking a centrally located two-unit asset with zoning flexibility, this property offers a straightforward structure for configuring space across the two units.
Located along Miami’s Little Haiti/Little River corridor, the property is positioned within an active redevelopment environment, with nearby restaurants and creative businesses referenced in the marketing materials. For owner-users and investors seeking a centrally located two-unit asset with zoning flexibility, this property offers a straightforward structure for configuring space across the two units.
Key Highlights
- Two‑unit mixed‑use property at 5204–5206 N Miami Ave
- Year built: 1964
- Flexible T‑commercial zoning supports retail, office, or service‑based uses
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 | $164.1k | $51.96 |
| − Vacancy | −$16.9k | −$5.35 |
| EGI | $147.2k | $46.61 |
| − OpEx | −$44.2k | −$13.98 |
| NOI | $103.1k | $32.63 |
3,159 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.72M
NOI $103,065 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,624 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$2.13M
$1.87M – $2.49M
NOI $149,264 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property at 5204–5206 N Miami Ave, offered for sale with flexible T-commercial zoning for multiple use types.
Where is this duplex located?
The property is located at 5204 N Miami Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑unit mixed‑use property at 5204–5206 N Miami Ave; Year built: 1964; Flexible T‑commercial zoning supports retail, office, or service‑based uses
