Commercial Building on Main
920 NW 119th St Miami, FL 33168
920 NW 119th St, Miami, FL, 33168
$2,900,000
For Sale
$2,900,000
3,720 SF building with two bathrooms on a 19,125 SF lot, suited for a car dealership or event use.
Property Size3,720 SF
Lot Size0.44 Acres
Price / SF$779.57
Days on Market65
Property Features for 920 NW 119th St
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Lot size
- 0.44 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing agency
PRIME PROPERTIES REALTY OF SOUTH FLORIDA, INC.
Listed by
RODOLFO SIBLESZ · License #A12021183
Source
Corcoran
Added: May 18 Updated: Jul 21 at 12:26AM Checked: Jul 21 at 5:27AM
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 PRIME PROPERTIES REALTY OF SOUTH FLORIDA, INC.
Investment Insights
Based on property information with market context.
This property includes a 3,720 SF commercial building with two bathrooms on a 19,125 SF lot. The space can support a car dealership or a banquet hall use, and the site also allows for redevelopment, including demolition.
The building is located right on 119 Street NW near 920 NW 119 Street and 842 NW 119 Street (as described in the remarks). The zoning permits development up to 8 stories, offering a pathway to build vertically to maximize the investment.
Available for sale, the asset is positioned for automotive-focused occupancy today or for future redevelopment subject to zoning approvals.
The building is located right on 119 Street NW near 920 NW 119 Street and 842 NW 119 Street (as described in the remarks). The zoning permits development up to 8 stories, offering a pathway to build vertically to maximize the investment.
Available for sale, the asset is positioned for automotive-focused occupancy today or for future redevelopment subject to zoning approvals.
Key Highlights
- 3,720 SF commercial building on a 19,125 SF lot
- Two bathrooms in the building
- Located right on 119 Street NW, near 920 NW 119 Street and 842 NW 119 Street
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.3k | $51.96 |
| − Vacancy | −$19.9k | −$5.35 |
| EGI | $173.4k | $46.61 |
| − OpEx | −$52.0k | −$13.98 |
| NOI | $121.4k | $32.63 |
3,720 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,368 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$714.0K
$624.7K – $833.0K
NOI $49,977 @ 7.0% cap · market cap 1.72%
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,772 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Best Market Co ...
Cosmetic Store
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FAQs
What type of property is this?
Showroom - 3,720 SF building with two bathrooms on a 19,125 SF lot, suited for a car dealership or event use.
Where is this showroom located?
The property is located at 920 NW 119th St Miami, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 3,720 SF commercial building on a 19,125 SF lot; Two bathrooms in the building; Located right on 119 Street NW, near 920 NW 119 Street and 842 NW 119 Street
