Corner Flex
For Sale
Contact for pricing
5501 NW 74th Ave 5501, Miami, FL 33166
Commercial corner unit fronts NW 74th Avenue with showroom and storage use identified.
Property Size2,400 SF
Days on Market187
Property Features for 5501 NW 74th Ave 5501
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Building Details
Building Size
2,400 SF
Year Built
1973
Listing Agency:
Centennial Realty Group LLC
Listed By:
Juan Mejia · License #3242427
(954) 854-6668
Source:
Elliman
Added: Apr 12
Changed: Oct 13
Last Checked: Oct 14 at 11:18PM
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 Centennial Realty Group LLC
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Investment Insights
Based on property information with market context.
This flex space is configured as a corner unit with frontage along NW 74th Avenue. The property information identifies showroom and storage as intended functions, while excluding car use, manufacturing, retail, and chemical operations.
The address is 5501 NW 74th Avenue, Miami, FL 33166.
The address is 5501 NW 74th Avenue, Miami, FL 33166.
Key Highlights
- Corner unit facing NW 74th Avenue
- Showroom and storage uses identified
- Car use, manufacturing, retail, and chemical operations are excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,243
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,860
$644.9K
Cap Rate 7%
$460,614
$460.6K
Cap Rate 9%
$358,256
$358.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$48.4K $20.16/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$46.1K $19.19/SF
− OpEx
−$13.8K −$5.76/SF
NOI
$32.2K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,860
Cap Rate 7%
$460,614
Cap Rate 9%
$358,256
Alternative Uses
Best Use
Retail
$1.12M
$978.8K – $1.31M
NOI $78,302 @ 7.0% cap · market cap 1,423.67%
Second Best
Warehouse
$559.3K
$489.4K – $652.5K
NOI $39,152 @ 7.0% cap · market cap 711.85%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 2,061.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,328
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Flying Food Group — Florida 33166
- Taste of Style Catering - Ballroom — 4747 NW 79th Ave, Miami, FL 33166
- Gourmet Concepts — 5231 Geneva NW 48th Way, Doral, FL 33166
- Funky Lab 305 — 5149 NW 74th Ave, Miami, FL 33166
- Green Meals — 7415 NW 54th St, Miami, FL 33166
Frequently Asked Questions
What type of property is this?
Flex space - Commercial corner unit fronts NW 74th Avenue with showroom and storage use identified.
Where is this flex space located?
The property is located at 5501 NW 74th Ave 5501 Miami, FL.
What are key features of this property?
This property features: Corner unit facing NW 74th Avenue; Showroom and storage uses identified; Car use, manufacturing, retail, and chemical operations are excluded
