Commercial Building on Main
For Sale
$2,575,000
920 NW 119th St, Miami, FL 33168
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$692.20
Days on Market156
Property Features for 920 NW 119th St
General Information
Standard status
Active
Size
3,720 SF
Lot size
0.44 Acres
Property subtype
Office
Building Details
Building Size
3,720 SF
Year Built
1956
Listing Agency:
Prime Properties Realty of South Florida, Inc.
Listed By:
Rodolfo Siblesz · License #0616478
(305) 905-0100
Source:
Marcelosteinmander
Added: May 18
Changed: Oct 19
Last Checked: Oct 19 at 2:01PM
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.
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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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,368
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,427,360
$2.4M
Cap Rate 7%
$1,733,829
$1.7M
Cap Rate 9%
$1,348,533
$1.3M
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$193.3K $51.96/SF
− Vacancy
−$19.9K −$5.35/SF
EGI
$173.4K $46.61/SF
− OpEx
−$52.0K −$13.98/SF
NOI
$121.4K $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%
$2,427,360
Cap Rate 7%
$1,733,829
Cap Rate 9%
$1,348,533
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,368 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,772 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,997
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
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 $2,575,000.
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
