69 NW 27th Ave, Miami, FL 33125

Building Details

Year Built 1946 More

Listing Agency: APEX CAPITAL REALTY LLC

Listed By: TATIANA ESCOBAR · License #A12009153

Source: Corcoran

Added: Apr 28 Changed: Nov 7 Last Checked: Nov 7 at 5:22PM

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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 APEX CAPITAL REALTY LLC

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Investment Insights

Based on property information with market context.

At 69 NW 27th Avenue, this mixed-use property contains approximately 5,000 square feet arranged as two units on an 11,800-square-foot lot. Built in 1946, the front unit has a restaurant configuration with grease traps, updated electrical systems, and appliances. The rear unit is in vanilla-shell condition, with permits closed, offering a separate unfinished area within the existing property.

The site fronts NW 27th Avenue in Little Havana, amid residential and commercial activity. The property information describes the corridor as carrying substantial daily traffic.

Key Highlights

• Approximately 5,000 SF across two units on an 11,800 SF lot
• Front unit configured for restaurant use with grease traps, updated electrical systems, and appliances
• Rear unit in vanilla‑shell condition; permits closed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$236,252

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,725,040 $4.7M

Cap Rate 7%

$3,375,029 $3.4M

Cap Rate 9%

$2,625,022 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$319.8K $63.96/SF

− Vacancy

−$4.8K −$0.96/SF

EGI

$315.0K $63.00/SF

− OpEx

−$78.8K −$15.75/SF

NOI

$236.3K $47.25/SF

Area

Miami, FL

Vacancy

1.50%

Lease Rate

$63.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,725,040

Cap Rate 7%

$3,375,029

Cap Rate 9%

$2,625,022

Alternative Uses

Best Use

Specialty Retail

$3.38M

$2.95M – $3.94M (±1% cap)

NOI $236,252 @ 7.0% cap · market cap 8.59%

Second Best

Retail

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,128 @ 7.0% cap · market cap 5.93%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mr. Baker Restaurant Paseo Latino by ... Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Butcher Arcade & Gaming Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Grease trap

Location Intelligence

Trade Area within ½ mile

3,085

Businesses Nearby

Explore this area Business Placement

Demographics for 33125, FL

53,507

Population

22,496

Households

2.4

Avg Household Size

43

Median Age

22%

College-Educated

69%

High-School Grad

3.9 sq mi

ZIP Area

13,720

Density / Sq Mi

$40,940

Median Household Income

$30,648

Median Earnings

$1,427

Median Rent

$377,600

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Miami, FL

$642 Jul

$615 Aug

$518 Sep

$580 Oct

Properties on Market for Mixed-use properties in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two separate units pair a food-service-ready front space with a rear area available for custom finishing.

Where is this mixed-use property located?

The property is located at 69 NW 27th Ave Miami, FL.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Approximately 5,000 SF across two units on an 11,800 SF lot; Front unit configured for restaurant use with grease traps, updated electrical systems, and appliances; Rear unit in vanilla‑shell condition; permits closed