Mixed-Use Retail
For Sale
Contact for pricing
88 NW 54th St, Miami, FL 33127
Commercially zoned mixed-use building with retail and department store use, configured to accommodate 10+ vehicles.
Property Size6,700 SF
Price / SF$0.37
Days on Market193
Property Features for 88 NW 54th St
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Office
Building Details
Building Size
6,700 SF
Year Built
1989
Listing Agency:
Luxe Properties
Listed By:
Janine Micheletti · License #3613141
(914) 424-2079
Source:
Batrare
Added: Apr 12
Changed: Oct 16
Last Checked: Oct 21 at 7:04AM
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 Luxe Properties
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Investment Insights
Based on property information with market context.
This mixed-use commercial building is zoned for a commercial building, including department store or retail use. The property is described as having 67,000 square feet, with an adjusted area of 2,548 square feet. It is set up to fit 10 vehicles or more, supporting practical on-site vehicle accommodation.
The property is located at 88 NW 54th St in Miami, Florida, and is described as being approximately 2 miles from the Design District.
Interested parties should arrange showings by calling or texting 954-988-0100.
The property is located at 88 NW 54th St in Miami, Florida, and is described as being approximately 2 miles from the Design District.
Interested parties should arrange showings by calling or texting 954-988-0100.
Key Highlights
- Commercially zoned for commercial building, department store, or retail use
- Mixed‑use commercial building
- Approximately 67,000 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,592
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,371,840
$4.4M
Cap Rate 7%
$3,122,743
$3.1M
Cap Rate 9%
$2,428,800
$2.4M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$348.1K $51.96/SF
− Vacancy
−$35.9K −$5.35/SF
EGI
$312.3K $46.61/SF
− OpEx
−$93.7K −$13.98/SF
NOI
$218.6K $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%
$4,371,840
Cap Rate 7%
$3,122,743
Cap Rate 9%
$2,428,800
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,592 @ 7.0% cap · market cap 8,743.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.52M
$3.96M – $5.28M
NOI $316,578 @ 7.0% cap · market cap 12,663.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned mixed-use building with retail and department store use, configured to accommodate 10+ vehicles.
Where is this retail space located?
The property is located at 88 NW 54th St Miami, FL.
What are key features of this property?
This property features: Commercially zoned for commercial building, department store, or retail use; Mixed‑use commercial building; Approximately 67,000 sq ft
