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    15150 Dixie Hwy North Miami Beach, FL 33162

    For Sale
    $3,759,000

    High-traffic location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional North Miami Beach commercial property, located at 15150 W Dixie Hwy, presents a unique investment opportunity. The 25,326 square foot site boasts a prime location on West Dixie Highway, experiencing over 17,000 daily vehicle exposures. Currently occupied by a functioning auto repair shop housed in a 3,000+ square foot building, the property offers significant redevelopment potential. The property consists of two buildings, constructed in 1952, and sits on a sizable lot. Its zoning, General Business District (B1 & B2), allows for the construction of a high-rise building up to 15 stories tall. This flexibility opens doors to a wide range of development options, including mixed-use projects incorporating retail, office, and residential spaces, or a modern commercial hub featuring restaurants, pharmacies, and other amenities. The property's strategic location in a high-traffic area of North Miami Beach, combined with its expansive size and flexible zoning, makes it an ideal investment for developers seeking a high-impact project. The asking price is $3,759,000. The property is situated in Miami-Dade County, Florida, zip code 33162.

    Property Features for 15150 Dixie Hwy

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1952
    Buildings
    2

    HighLights

    • Exceptional North Miami Beach investment opportunity at 15150 W Dixie Hwy.
    • 25,326 SF site with over 17,000 daily vehicle exposures.
    • Currently occupied by a 3,000+ SF auto repair shop; significant redevelopment potential.
    • Two buildings (1952 construction); B1 & B2 zoning allows for up to 15‑story high‑rise development.
    • $3,759,000 asking price; Miami‑Dade County, FL, 33162.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1629107
    Latitude
    25.9161009

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    FAQs

    What type of property is this?
    Distribution property - High-traffic location, development potential.
    Where is this distribution property located?
    The property is located at 15150 Dixie Hwy North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $3,759,000.
    What are key features of this property?
    This property features: Exceptional North Miami Beach investment opportunity at 15150 W Dixie Hwy.; 25,326 SF site with over 17,000 daily vehicle exposures.; Currently occupied by a 3,000+ SF auto repair shop; significant redevelopment potential.
    Request Owner's contact information
    15150 Dixie Hwy North Miami Beach, FL 33162
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    Realmo Value Estimation

    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.

    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.

    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
    15150 Dixie Hwy North Miami Beach, FL 33162
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