North Miami Self-Storage
For Sale
Contact for pricing
14444 W Dixie Hwy, Miami, FL 33161
Two-story building with land in a high-traffic location.
Property Size17,668 SF
Lot Size0.79 Acres
Price / SF$282
Days on Market1431
Property Features for 14444 W Dixie Hwy
General Information
Standard status
Active
Size
17,668 SF
Total Parking Spaces
16
Lot size
0.79 Acres
Property subtype
Retail
Zoning
6600
Building Details
Year Built
1960
Listing Agency:
Cervera Real Estate
(786) 753-2819
Listed By:
Luz Amaya · License #3524910
Source:
Crexi
Added: Sep 24, 2022
Changed: Aug 16
Last Checked: Aug 23 at 7:42PM
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 Cervera Real Estate
Investment Insights
Based on property information with market context.
This property features a two-story building, two separate office buildings, and land for sale in a high-traffic location in the heart of North Miami. The property includes 16 parking spaces and a total lot size of 34,428 square feet. Currently used as a self-storage facility, the building contains 76 interior units. The ownership envisions the property for an upcoming business or investment project. Situated at the corner of West Dixie Highway and North Miami, the location benefits from a well-established commercial area with high visibility. The property is located minutes away from Fort Lauderdale-Hollywood International Airport, Miami International Airport, Aventura, and Biscayne Boulevard. This location is suitable for a business seeking high visibility and land use.
Key Highlights
- Highly trafficked location at the heart of North Miami.
- Large 34,428 Sq Ft lot.
- 16 parking spaces available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$237,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,747,260
$4.7M
Cap Rate 7%
$3,390,900
$3.4M
Cap Rate 9%
$2,637,367
$2.6M
Market Conditions
NOI Build-Up for 17,668 SF
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.
Gross rent
$356.2K $20.16/SF
− Vacancy
−$17.1K −$0.97/SF
EGI
$339.1K $19.19/SF
− OpEx
−$101.7K −$5.76/SF
NOI
$237.4K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,747,260
Cap Rate 7%
$3,390,900
Cap Rate 9%
$2,637,367
Alternative Uses
Best Use
Industrial
$3.39M
$2.97M – $3.96M
NOI $237,363 @ 7.0% cap · market cap 4.75%
Second Best
Self Storage
$2.37M
$2.07M – $2.76M
NOI $165,627 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$11.93M
$10.44M – $13.91M
NOI $834,821 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Two-story building with land in a high-traffic location.
Where is this self storage facility located?
The property is located at 14444 W Dixie Hwy Miami, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Highly trafficked location at the heart of North Miami.; Large 34,428 Sq Ft lot.; 16 parking spaces available.
