Retail Space in Mixed-Use
New
For Sale
Contact for pricing
8400 NW 27th Avenue Unit RETAIL, Miami, FL 33147
Planned first- and second-floor suites can be leased individually or combined for a range of commercial layouts.
Property Size516,186 SF
Price / SF$0.00
Days on Market2
Property Features for 8400 NW 27th Avenue Unit RETAIL
General Information
Standard status
Active
Size
516,186 SF
Property subtype
Commercial
Lease Term
[]
Amenities
landscaped streetscapes and gathering spaces
Building Details
Year Built
2028
Buildings
2
Listing Agency:
One Sotheby's International Realty
Listed By:
Carlos Areces · License #3184709
(305) 803-2205
Source:
Onesothebysrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:08AM
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 One Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space is planned across two buildings within The HueHub, a seven-tower mixed-use development. Suites on the first and second floors are offered individually or in combinations, with planned areas ranging from 946 to 6,337 square feet. The retail component totals approximately 32,804 square feet. Delivery is scheduled for mid-2028; the property is not yet built, and images are artist renderings.
The development is planned for NW 27th Avenue and includes 4,032 residential units, with more than 9,100 future residents on site. The Northside Metrorail station is nearby, and another station is planned for the future. Landscaped streetscapes and gathering areas are part of the project design.
The development is planned for NW 27th Avenue and includes 4,032 residential units, with more than 9,100 future residents on site. The Northside Metrorail station is nearby, and another station is planned for the future. Landscaped streetscapes and gathering areas are part of the project design.
Key Highlights
- Approximately 32,804 square feet of planned retail across two buildings
- Suites range from approximately 946 to 6,337 square feet
- First- and second‑floor spaces available individually or in combinations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,840,921
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,818,420
$336.8M
Cap Rate 7%
$240,584,586
$240.6M
Cap Rate 9%
$187,121,344
$187.1M
Market Conditions
NOI Build-Up for 516,186 SF
Gross rent
$26.82M $51.96/SF
− Vacancy
−$2.76M −$5.35/SF
EGI
$24.06M $46.61/SF
− OpEx
−$7.22M −$13.98/SF
NOI
$16.84M $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%
$336,818,420
Cap Rate 7%
$240,584,586
Cap Rate 9%
$187,121,344
Alternative Uses
Best Use
Specialty Retail
$348.43M
$304.88M – $406.50M
NOI $24,390,021 @ 7.0% cap · market cap 60,975,052.50%
Second Best
Retail
$240.58M
$210.51M – $280.68M
NOI $16,840,921 @ 7.0% cap · market cap 42,102,302.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Planned first- and second-floor suites can be leased individually or combined for a range of commercial layouts.
Where is this retail space located?
The property is located at 8400 NW 27th Avenue Unit RETAIL Miami, FL.
What are key features of this property?
This property features: Approximately 32,804 square feet of planned retail across two buildings; Suites range from approximately 946 to 6,337 square feet; First- and second‑floor spaces available individually or in combinations
