Commercial Land with Existing
920 NW 119th St Miami, FL 33168
920 NW 119th St, Miami, FL, 33168
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For Sale
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Two-bath building totaling 3,720 SF on 19,125 SF lot, suited for dealership or banquet hall.
Property Size3,720 SF
Price / SF$1,048
Days on Market65
Property Features for 920 NW 119th St
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing agency
Prime Properties Realty of South Florida
Listed by
Rodolfo Siblesz · License #3584158
Source
Crexi
Added: May 19 Updated: Jul 22 at 2:25AM Checked: Jul 22 at 2:25AM
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
Investment Insights
Based on property information with market context.
This offering includes an existing 3,720 SF building with two bathrooms on a 19,125 SF lot. The property is positioned for use as a car dealership or banquet hall, and it also offers the option to be demolished.
The site is located right on 119 Street NW and corresponds to two addresses: 920 NW 119 Street and 842 NW 119 Street. According to the provided remarks, the zoning permits development up to 8 stories, which may support higher-density redevelopment planning.
For buyers or tenants evaluating the existing structure or a future buildout, the combination of an improved site and redevelopment capacity is a key part of the opportunity.
The site is located right on 119 Street NW and corresponds to two addresses: 920 NW 119 Street and 842 NW 119 Street. According to the provided remarks, the zoning permits development up to 8 stories, which may support higher-density redevelopment planning.
For buyers or tenants evaluating the existing structure or a future buildout, the combination of an improved site and redevelopment capacity is a key part of the opportunity.
Key Highlights
- Commercial building with 3,720 SF and two bathrooms
- Located on 119 Street NW, near 920 NW 119 Street and 842 NW 119 Street
- 19,125 SF lot
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 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,772 @ 7.0% cap · market cap 4.51%
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 - Two-bath building totaling 3,720 SF on 19,125 SF lot, suited for dealership or banquet hall.
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 $3,900,000.
What are key features of this property?
This property features: Commercial building with 3,720 SF and two bathrooms; Located on 119 Street NW, near 920 NW 119 Street and 842 NW 119 Street; 19,125 SF lot
