55 NE 24Th St FL 33137 Unit 1 Miami, FL 33178
For Sale
$500,000
55 NE 24th St, Miami, FL
Property Size1,000 SF
Lot Size900.00 Acres
Price / SF$500
Days on Market232
Property Features for 55 NE 24Th St FL 33137 Unit 1
General Information
Standard status
Active
Property type
Automotive properties, Gas stations, Auto shops, Retail properties & Spaces
Size
1,000 SF
Net Rentable
555 SF
Class
B
Total Parking Spaces
15
Elevators
No
Lot size
900.00 Acres
Occupancy
25%
Sale Condition
Leasehold
Investment Type
Stabilized
Net Operating Income
$40,000
Building Details
Year Built
1995
Year Renovated
2018
Buildings
1
Stories
2
Units
2
Listing Agency:
(999) 600-5511
Listed By:
Michael
(999) 600-5511
Added: Dec 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
Key Highlights
- Fantastic opportunity to own or lease a commercial storefront on a busy main road in Freeport!
Financial Insights For Specialty 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 | $27.6k | $27.60 |
| − Vacancy | −$1.9k | −$1.93 |
| EGI | $25.7k | $25.67 |
| − OpEx | −$6.4k | −$6.42 |
| NOI | $19.3k | $19.25 |
1,000 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$275.0K
$240.6K – $320.9K
NOI $19,251 @ 7.0% cap · market cap 3.85%
Second Best
Retail
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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- Miami Exotic Car Rental VIP — 1424 NE Miami Pl Suite 3120, Miami, FL 33132
- QUALITY FEATURES MIA — 1424 NE Miami Pl apt 1702, Miami, FL 33132
- U-Haul Neighborhood Dealer — 1490 NW 3rd Ave Ste106, Miami, FL 33136
Frequently Asked Questions
What type of property is this?
Automotive property - 55 NE 24th St, Miami, FL
Where is this automotive property located?
The property is located at 55 NE 24Th St FL 33137 Unit 1 Miami, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Fantastic opportunity to own or lease a commercial storefront on a busy main road in Freeport!
