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Property profile & analytics
OFF-MARKET
Automotive properties

15150 Dixie Hwy North Miami Beach, FL 33162-6026

2,322 SF 0.58 ac lot Built 1952
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-2925461
Property summary
AI-generated overview

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 profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1952
Construction CONCRETE
Total area 2,322 SF
Lot 0.58 ac (25,326 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2216-002-0580
UPID US18-2925461
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ocean Group Investments Cape Coral · 2 yrs held
Ocean Group Investments Cape Coral
since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2016
Price N/A
2016
Price N/A
1997
$325,000
1997
Price N/A
1969
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Official NMB Zoning Map
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