Commercial Land with Retail
For Sale
Under Contract
$1,600,000
Miami, FL 33150, Miami, FL 33150
Land, Miami, FL
Property Size2,840 SF
Lot Size0.50 Acres
Price / SF$563.38
Days on Market93
Property Features
General Information
Property type
Land
Property subtype
Other
Zoning description
6051
Subdivision
NATURE PARK
Standard status
Active Under Contract
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18760
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
The Keyes Company
(305) 371-3592
Listed By:
Sonia Diaz · License #3245875
(305) 785-2687
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 23 at 11:06AM
MLS# A12057426
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 0.5-acre commercial land parcel includes a 2,840 ASF retail/office structure. The rectangular lot measures 66' x 330', with a floor area ratio of 0.13. The structure has passed its 40-year recertification. The stated current land use is MIXED USE-STORE/RESIDENTIAL, and the zoning classification is NCUAD (North Central Urban Area District). Public water and sewer service are available, along with cable service.
Access is from NW 79th Street and 11th Ct. The site is identified as being in an Opportunity Zone and a Community Redevelopment Area. The property information cites the Live Local Act as allowing development of up to 12 stories and 250 units per acre.
Access is from NW 79th Street and 11th Ct. The site is identified as being in an Opportunity Zone and a Community Redevelopment Area. The property information cites the Live Local Act as allowing development of up to 12 stories and 250 units per acre.
Key Highlights
- 0.5‑acre parcel with a 21,780 SF site area
- Existing 2,840 ASF retail/office structure; passed its 40‑year recertification
- Rectangular 66' x 330' lot with a 0.13 floor area ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,657
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,140
$1.9M
Cap Rate 7%
$1,323,671
$1.3M
Cap Rate 9%
$1,029,522
$1.0M
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$147.6K $51.96/SF
− Vacancy
−$15.2K −$5.35/SF
EGI
$132.4K $46.61/SF
− OpEx
−$39.7K −$13.98/SF
NOI
$92.7K $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%
$1,853,140
Cap Rate 7%
$1,323,671
Cap Rate 9%
$1,029,522
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,657 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$1.16M
$1.02M – $1.36M
NOI $81,473 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,191 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Commercial land - A mixed-use site includes an existing retail and office structure with public water and sewer service.
Where is this commercial land located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 0.5‑acre parcel with a 21,780 SF site area; Existing 2,840 ASF retail/office structure; passed its 40‑year recertification; Rectangular 66' x 330' lot with a 0.13 floor area ratio
