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    900 36Th St Miami, FL 33127

    For Sale
    $5,199,000

    High-value retail center, future development potential.

    Property size:
    11,193 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 11,193 square foot shopping center, located at 900 NW 36th St, Miami, FL 33127, presents a compelling value-add opportunity. Built in 1988 and renovated two years ago, this single-story, Class B property sits on a 22,800 square foot lot and boasts full 36th Street frontage. Currently housing six tenants with an 86% occupancy rate, the property offers a current NOI of $121,200 and a cap rate of 2.33%. However, a pro-forma analysis projects a significantly higher NOI of $287,814 and a 5.54% cap rate, reflecting the potential for increased income through lease renewals at market rates. The property features multiple grease traps, walk-in coolers, a hood system, a recently re-sealed roof, and new electrical systems. Zoned T5-L, this multi-tenant retail center benefits from its location west of I-95, experiencing growth fueled by nearby developments like the Midtown complex and Wynwood Norte District. The asking price is $5,199,000 ($464.49/sq ft), with a land value of $228/sq ft. Seller financing may be available. The current leases have one year remaining. This is a rare opportunity to capitalize on the westward expansion of Miami's retail market.

    Property Features for 900 36Th St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,193 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1988/2
    Buildings
    1
    Stories
    1

    HighLights

    • 11,193 SF shopping center on a 22,800 SF lot at 900 NW 36th St, Miami, FL 33127.
    • Multiple grease traps, walk‑in coolers, hood system, recently re‑sealed roof, and new electrical systems.
    • Full 36th Street frontage.
    • Seller financing may be available.
    • Currently 86% occupied with potential for significant NOI growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2108395
    Latitude
    25.8097021

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    FAQs

    What type of property is this?
    Lifestyle center - High-value retail center, future development potential.
    Where is this lifestyle center located?
    The property is located at 900 36Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $5,199,000.
    What are key features of this property?
    This property features: 11,193 SF shopping center on a 22,800 SF lot at 900 NW 36th St, Miami, FL 33127.; Multiple grease traps, walk-in coolers, hood system, recently re-sealed roof, and new electrical systems.; Full 36th Street frontage.
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    Miami, FL 33127
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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
    900 36Th St Miami, FL 33127
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