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    13639 Dixie Hwy North Miami, FL 33161

    • Outlet malls
    • 4,080 SF
    • 0.32 lot acres
    For Lease
    View listing
    Last Sale
    Mar 04, 2025
    $1,407,500
    Value Estimations
    $1,345,000
    Cap Rate Potential
    10%
    Outlet malls
    Location Intelligence
    Property ID
    US18-1698602
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 13639 Dixie Hwy

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Property size
    4,080 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Outlet malls
    APN
    06-2220-000-0382
    APU
    622200000382

    Description

    This exceptional turnkey smoke shop opportunity in North Miami, located at 13639 W Dixie Hwy, offers 1,100 square feet of well-maintained retail space in a high-traffic area. Previously operating as a smoke shop, this space includes existing inventory and displays available for purchase at $15,000 (separate from lease terms). The modified gross rent is $3,200 per month. The property is part of a larger 4,080 square foot building with four suites, offering a minimum divisible space of 1,000 square feet. Located in the West Dixie submarket cluster of North Miami, Miami-Dade County, Florida (zip code 33161), this property benefits from excellent visibility and customer access, surrounded by thriving businesses. The space is zoned and ready for immediate operation, making it an ideal opportunity for a quick and easy transition into a fully operational business. Dedicated parking is available. This is a rare opportunity to acquire a fully equipped and established smoke shop in a prime location. The property is classified as Retail, Office, and Special Purpose, with subtypes including Creative Office, Medical Office, and Smoke Shop.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,335,000
      ML approach
      $1,280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,220,000
      6.5%
      $2,050,000
      7%
      $1,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $873,000
      Market price range: $771k - $1.51M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1772
    Latitude
    25.901
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,553
    $483,070
    $162,461
    $645,531
    -
    $483,070
    $162,461
    $645,531

    Comparable in this City

    • Value Estimation
      $320,000
      3,334 SF

      1300 125th St

      WHOLESALE OUTLET, DISCOUNT STORE • 3,334 SF
      1300 125th St, North Miami, FL 33161-5938
      View Details
    • Value Estimation
      $550,000
      15,056 SF

      1450 123rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,056 SF
      1450 123rd St, North Miami, FL 33161-6083
      View Details
    • Value Estimation
      $605,000
      15,360 SF

      14500 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 15,360 SF
      14500 Dixie Hwy, Miami, FL 33161-3031
      View Details
    • Value Estimation
      $530,000
      7,424 SF

      11099 Biscayne Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,424 SF
      11099 Biscayne Blvd, Miami, FL 33161-7478
      View Details
    • Value Estimation
      $330,000
      5,250 SF

      13033 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 5,250 SF
      13033 Dixie Hwy, North Miami, FL 33161-4951
      View Details
    • Value Estimation
      $325,000
      4,688 SF

      13886 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 4,688 SF
      13886 Dixie Hwy, North Miami, FL 33161-3343
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Fully Leased Retail Center

      Seven-unit retail center in North Miami with high visibility.
      12985 W Dixie Hwy, Miami, FL 33161
      View Details
    • $3,000,000
      3,170 SF

      North Miami Event Space & Office

      Prime Location, Turnkey Opportunity
      725-745 130 St, North Miami, FL 33161
      View Details
    • Contact for pricing

      North Miami Commercial Property

      Newly renovated commercial property in a high-traffic North Miami location.
      12700 W Dixie Hwy, Miami, FL 33161
      View Details
    • Contact for pricing

      Drive-Thru Ready Freestanding Building

      Freestanding building with drive-thru on high-traffic W Dixie Highway.
      14100 W Dixie Hwy, Miami, FL 33161
      View Details
    • $2,999,000
      3,750 SF

      Retail Building in Development Hotspot

      Stand-alone retail building in high-traffic area with development potential.
      505 NE 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing

      North Miami Drive-Thru Opportunity

      Vacant drive-thru with large parking lot in North Miami.
      900 NE 125Th St, Miami, FL 33161
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,242 SF

      Retail Center on SR-922

      Retail center with high traffic frontage in North Miami.
      859 Ne 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space in North Miami

      Retail space available for lease in North Miami, Florida.
      823 NE 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing
      800 SF

      North Miami Retail/Office Space

      Located in the heart of North Miami on busy 125th.
      927-955 NE 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing
      2,916 SF

      Colonial Palms Plaza Retail Space

      Retail space available in high-traffic Miami location.
      13605 S Dixie Hwy, Miami, FL 33161
      View Details
    • Contact for pricing
      4,000 SF

      North Miami Retail Space Available

      Retail space available in North Miami's business corridor.
      870 NE 125Th Ter, North Miami, FL 33161
      View Details
    • Contact for pricing
      3,950 SF

      Retail Space Sublease Opportunity

      Sublease opportunity in Palmetto Bay's Colonial Palms Plaza.
      13611-13621 S Dixie Hwy, Miami, FL 33161
      View Details
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    North Miami, FL 33161
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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