For Sale
$500,000
55 NE 24Th St FL 33137 Unit 1, Miami, FL 33178
55 NE 24th St, Miami, FL
Property Size1,000 SF
Lot Size900.00 Acres
Price / SF$500
Days on Market308
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
Listed By:
Michael Eastwood
(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
Estimated NOI and Cap Rate
NOI / Yr
$19,251
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,020
$385.0K
Cap Rate 7%
$275,014
$275.0K
Cap Rate 9%
$213,900
$213.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$27.6K $27.60/SF
− Vacancy
−$1.9K −$1.93/SF
EGI
$25.7K $25.67/SF
− OpEx
−$6.4K −$6.42/SF
NOI
$19.3K $19.25/SF
Area
ZIP 33178
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,020
Cap Rate 7%
$275,014
Cap Rate 9%
$213,900
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,749
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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!
