Showroom with Rooftop
For Sale
Contact for pricing
5900 NW 2nd Ave Suite 1, Miami, FL 33127
An art-focused interior combines open display areas with a conference room, work areas, and a secondary level for storage or office use.
Property Size6,796 SF
Price / SF$0.00
Days on Market233
Property Features for 5900 NW 2nd Ave Suite 1
General Information
Standard status
Active
Size
6,796 SF
Property subtype
Retail
Site & Location
Neighborhood
Edison
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,438
Amenities
conference room
floor-to-ceiling built-ins
reception/workspace
drafting area
2 ADA restrooms
kitchenette
skylights
glass oversized entry door
high ceilings
storage area
electric retractable staircase
rooftop entertainment space
electric gate access
Building Details
Building Size
6,796 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Mar 9
Changed: Oct 27
Last Checked: Oct 27 at 4:17AM
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 Emporio Real Estate
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Investment Insights
Based on property information with market context.
Configured for gallery or showroom use, this suite has a largely open main level with a reception and work area, drafting space, and a conference room. Built-in shelving reaches from floor to ceiling, while skylights and tall ceilings bring light and volume to the interior. The suite also includes two ADA restrooms, a kitchenette with sink, and a storage area on the first level. An electric retractable staircase provides access to a second level suited to storage or office use, and a rooftop area is available for entertainment.
The three-tenant building dates to 1961 and sits just off I-95 in Miami. Downtown Miami, the Arts District, and the Design District are described as minutes away. The suite has an oversized glass entry door.
The three-tenant building dates to 1961 and sits just off I-95 in Miami. Downtown Miami, the Arts District, and the Design District are described as minutes away. The suite has an oversized glass entry door.
Key Highlights
- Mostly open gallery/showroom layout with conference room, reception/work area, and drafting space
- Two ADA restrooms and a kitchenette with sink
- Second level reached by an electric retractable staircase; usable for storage or office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,724
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,434,480
$4.4M
Cap Rate 7%
$3,167,486
$3.2M
Cap Rate 9%
$2,463,600
$2.5M
Market Conditions
NOI Build-Up for 6,796 SF
Gross rent
$353.1K $51.96/SF
− Vacancy
−$36.4K −$5.35/SF
EGI
$316.7K $46.61/SF
− OpEx
−$95.0K −$13.98/SF
NOI
$221.7K $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%
$4,434,480
Cap Rate 7%
$3,167,486
Cap Rate 9%
$2,463,600
Alternative Uses
Best Use
Retail
$3.17M
$2.77M – $3.70M
NOI $221,724 @ 7.0% cap · market cap 791,871.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.59M
$4.01M – $5.35M
NOI $321,114 @ 7.0% cap · market cap 1,146,835.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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
Similar Off Market Nearby
- Grirez Tiles & Marbles Inc — 938 NW 58th Terrace, Miami, FL 33127
- Oscar Ono Paris — 5555 Biscayne Blvd, Miami, FL 33137
- Fussé Studios — 327 NE 59th Terrace, Miami, FL 33137
- Valencia Coverings — 290 NE 59th St, Miami, FL 33137
- Otto Tiles & Design — 6301 NE 4th Ave, Miami, FL 33138
Frequently Asked Questions
What type of property is this?
Showroom - An art-focused interior combines open display areas with a conference room, work areas, and a secondary level for storage or office use.
Where is this showroom located?
The property is located at 5900 NW 2nd Ave Suite 1 Miami, FL.
What are key features of this property?
This property features: Mostly open gallery/showroom layout with conference room, reception/work area, and drafting space; Two ADA restrooms and a kitchenette with sink; Second level reached by an electric retractable staircase; usable for storage or office space
