Shopping Center with Turnkey Office-Retail
6500 MIAMI DRIVE Indian Lake Estates, FL 33855
New
For Sale
$1,290,000
Shopping center with two renovated office/retail suites and a turnkey restaurant plus additional retail, flex, garage, and sports bar spaces.
Property Size12,480 SF
Price / SF$103.37
Days on Market5
Property Features for 6500 MIAMI DRIVE
General Information
Standard status
Active
Size
12,480 SF
Property subtype
Mixed Use
Building Details
Year Built
1966
Listing Agency:
REALTY HUB
(407) 900-1001
Listed By:
Daniel Colombo · License #3493232
Source:
Miharaandassociates
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 29 at 2:08PM
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 REALTY HUB
Investment Insights
Based on property information with market context.
This shopping center is positioned at a highly visible corner of State Road 60 and the main entrance to Indian Lake Estates. The property includes 2 fully renovated turnkey office/retail suites and a turnkey restaurant, with move-in readiness for those spaces. Additional leased or build-out opportunities are supported by 5 retail spaces, a sports bar, a garage unit, and 1 flex space. The flex space presents a full rehabilitation opportunity.
Built in 1966, the center totals 12,480 square feet and is set up for exposure to passing traffic along SR-60. Capital improvements have already been completed, including fresh exterior paint, a roof recoating, and new parking lot striping in 2024.
The mix of turnkey and non-turnkey space types allows a new owner to evaluate both ready-to-operate units and future tenant build-outs within a single commercial plaza setting at a key community gateway.
Built in 1966, the center totals 12,480 square feet and is set up for exposure to passing traffic along SR-60. Capital improvements have already been completed, including fresh exterior paint, a roof recoating, and new parking lot striping in 2024.
The mix of turnkey and non-turnkey space types allows a new owner to evaluate both ready-to-operate units and future tenant build-outs within a single commercial plaza setting at a key community gateway.
Key Highlights
- Corner location at State Road 60 and the main entrance to Indian Lake Estates
- 2 fully renovated turnkey office/retail suites plus turnkey restaurant
- Includes 5 retail spaces, a garage unit, 1 flex space, and a sports bar
Financial Insights For Flex RnD
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 | $112.3k | $9.00 |
| − Vacancy | −$9.0k | −$0.72 |
| EGI | $103.3k | $8.28 |
| − OpEx | −$36.2k | −$2.90 |
| NOI | $67.2k | $5.38 |
12,480 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,317 @ 7.0% cap · market cap 11.89%
Second Best
Retail
$2.00M
$1.75M – $2.34M
NOI $140,150 @ 7.0% cap · market cap 10.86%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,934 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with two renovated office/retail suites and a turnkey restaurant plus additional retail, flex, garage, and sports bar spaces.
Where is this shopping center located?
The property is located at 6500 MIAMI DRIVE Indian Lake Estates, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Corner location at State Road 60 and the main entrance to Indian Lake Estates; 2 fully renovated turnkey office/retail suites plus turnkey restaurant; Includes 5 retail spaces, a garage unit, 1 flex space, and a sports bar
