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Property profile

16525 NW 27Th Ave Miami Gardens, FL 33054

Outlet malls
Property ID
US19-0283627
View Sample
9,723 SF 0.66 ac lot Built 1960
Entity Owned 16-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 8,253 square foot freestanding retail building, located at 16525 NW 27th Ave in Miami Gardens, Florida, presents a unique investment opportunity. Built in 1960 and renovated in 2004, the Class B property sits on a substantial 28,743 square foot lot, offering ample space and visibility. The single-tenant occupancy allows for complete control and customization. The building boasts a spacious, open-concept layout ideal for a variety of commercial uses. Its prominent corner location ensures outstanding street exposure, attracting significant foot traffic. Convenience is further enhanced by the availability of 32 parking spaces, benefiting both customers and employees. The property is zoned 6500 - COMMERCIAL - CLASSIFIED, providing flexibility for various business ventures. This well-maintained building offers a blend of established infrastructure and modern updates, making it an attractive option for discerning investors seeking a high-impact retail presence in a thriving Miami Gardens location. The property's size, location, and parking make it an ideal space for a variety of businesses. This is a rare opportunity to acquire a well-positioned, freestanding retail building in a desirable area.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1960
Construction CONCRETE
Total area 9,723 SF
Lot 0.66 ac (28,743 SF)
Zoning code 6500:COMMERCIAL,CLASSIF
APN 34-2115-002-0290
UPID US19-0283627

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.82M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.32M

Owner & transaction history

since 2010
6 recorded transactions
2010
$350,000
2009
Price N/A
2009
Price N/A
2008
Price N/A
2005
$450,000
1969
Price N/A

Zoning & alternative use

6500:COMMERCIAL,CLASSIF · Miami Gardens, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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