Secure Mixed-Use Creative
For Sale
$27,000,000
5960 SW 57th Ave, Miami, FL 33143
A secure mixed-use building originally constructed as a utilities bunker, now reimagined for cultural and commercial uses.
Property Size36,254 SF
Days on Market107
Property Features for 5960 SW 57th Ave
General Information
Standard status
Active
Size
36,254 SF
Property subtype
Special Purpose
Building Details
Building Size
36,254 SF
Year Built
1945
Listing Agency:
Real Capital Partners Florida LLC
Listed By:
Otto Travieso · License #0603073
(305) 785-7325
Source:
Relinkre
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 23 at 3:57PM
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 Real Capital Partners Florida LLC
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Investment Insights
Based on property information with market context.
This mixed-use building was originally constructed as a utilities bunker and has since been reimagined as a cultural and commercial landmark. The property is described as secure, making it well suited for concepts such as a museum, cultural institution, creative office, or other forms of adaptive reuse.
Located at 5960 SW 57th Ave in Miami, the area supports walkable access (Walk Score 73) and good transit convenience (Transit Score 53), with bikeability noted (Bike Score 56).
The building’s core character as a secure, bunker-style structure may appeal to tenants or owners looking for a distinctive facility that supports cultural programming and creative workspace within a single asset.
Located at 5960 SW 57th Ave in Miami, the area supports walkable access (Walk Score 73) and good transit convenience (Transit Score 53), with bikeability noted (Bike Score 56).
The building’s core character as a secure, bunker-style structure may appeal to tenants or owners looking for a distinctive facility that supports cultural programming and creative workspace within a single asset.
Key Highlights
- Year built 1945 mixed‑use building, originally constructed as a utilities bunker
- Secure building suited for museum, cultural institution, creative office, or adaptive reuse
- Bikeable BikeScore 56
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,040,037
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,800,740
$20.8M
Cap Rate 7%
$14,857,671
$14.9M
Cap Rate 9%
$11,555,967
$11.6M
Market Conditions
NOI Build-Up for 36,254 SF
Gross rent
$1.63M $45.00/SF
− Vacancy
−$244.7K −$6.75/SF
EGI
$1.39M $38.25/SF
− OpEx
−$346.7K −$9.56/SF
NOI
$1.04M $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,800,740
Cap Rate 7%
$14,857,671
Cap Rate 9%
$11,555,967
Alternative Uses
Best Use
Office B
$14.86M
$13.00M – $17.33M
NOI $1,040,037 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$24.47M
$21.41M – $28.55M
NOI $1,713,018 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,584
Businesses Nearby
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Business Placement
Demographics for 33143, FL
34,853
Population
15,374
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
4,468
Density / Sq Mi
$80,924
Median Household Income
$52,864
Median Earnings
$1,823
Median Rent
$768,900
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Creative space - A secure mixed-use building originally constructed as a utilities bunker, now reimagined for cultural and commercial uses.
Where is this creative space located?
The property is located at 5960 SW 57th Ave Miami, FL.
What is the asking price?
The asking price for this property is $27,000,000.
What are key features of this property?
This property features: Year built 1945 mixed‑use building, originally constructed as a utilities bunker; Secure building suited for museum, cultural institution, creative office, or adaptive reuse; Bikeable BikeScore 56
