Property profile

20505 Dixie Hwy Cutler Bay, FL 33189

OFF-MARKET
Community centers
Property ID
US18-6029641
516,100 SF 63.35 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Southland Mall presents a unique investment opportunity: a substantial 988,025 square foot single-tenant retail space in Miami-Dade County. Built in 1959, this established property boasts a prime location at 20505 South Dixie Hwy, serving as the only enclosed regional mall catering to South Miami-Dade County and the Florida Keys. Its strategic positioning provides exceptional accessibility via Florida Turnpike Exits 11, 12, and 13. High daily traffic counts are a significant advantage, with 44,000 vehicles passing on US1 and an impressive 136,000 on the Florida Turnpike. The surrounding area is densely populated and benefits from the presence of major educational institutions, including Miami-Dade College (nearly 66,000 students and 6,500 employees) and Florida International University (approximately 54,000 students and 11,000 employees), creating a substantial and consistent consumer base. This expansive property offers significant potential for redevelopment or repositioning within a thriving market. The entire space is currently vacant, presenting a blank canvas for a visionary investor or tenant. This is a rare opportunity to acquire a substantial retail presence in a high-traffic, densely populated area of South Florida.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1959
Construction CONCRETE
Total area 516,100 SF
Lot 63.35 ac (2,759,557 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 36-6007-020-0020
UPID US18-6029641

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Hospital
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

20505 Dixie Hwy Cutler Bay, FL 33189-1229
Cutler Bay metro Census 10609 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.45M

Owner & transaction history

since 2022
6 recorded transactions
2022
$60.0M
2022
Price N/A
2010
$1.8M
2008
Price N/A
2004
$46.0M
1969
Price N/A

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · Cutler Bay, 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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