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Property profile & analytics
OFF-MARKET Estimated value $12,440,000
Outlet malls

3101 Miami Ave Miami, FL 33127-3721

28,178 SF 0.45 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
Property ID
US18-5576081
Property summary
AI-generated overview

This exceptional 630-square-foot retail space is ideally situated within The Shops at Midtown Miami, boasting prime high-visibility frontage on NE 32nd Street at the foot of Buena Vista Boulevard. Currently configured as a hair salon, this single-tenant space offers immense potential for a variety of uses, including general retail, a fashion showroom, or a medical spa. The wide impact-glass storefront ensures maximum natural light and street appeal. Located less than 100 meters from a Trader Joe's and the soon-to-be-completed 228-unit Standard Residences (projected completion 2025), this property benefits from a thriving and densely populated area. Midtown Miami is a renowned residential, shopping, and dining hub, with approximately 300,000 residents within a 3-mile radius. Its central location, just blocks from Edgewater, Wynwood, and the Design District, provides easy access to I-95 and Biscayne Boulevard. Ample on-site parking is readily available via a directly adjacent garage. While the space itself does not include a restroom, convenient public restrooms are located nearby within Midtown. The property is zoned 6402 and has an APN of 01-31-25-078-0050. The total building comprises a single suite of 28,178 square feet, with this 630 sq ft space available for immediate occupancy.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction CONCRETE
Total area 28,178 SF
Lot 0.45 ac (19,739 SF)
Zoning code 6402:MIX USE-BORDERS CBD
APN 01-3125-078-0050
UPID US18-5576081
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
Current use
Occupant on record · Public records
  • TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
  • PetSmart Dog Training Animal Training
  • Pets - Netherland Dwarfs Small Tiny Rabbits (Bike/Boat/Book/etc) Store Pet Store
  • PetSmart Grooming Pet Grooming Service
  • Bleach Hair Addiction Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$14.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.44M
Owner & transaction history
DDR MIAMI AVENUE LLC ETAL
DDR MIAMI AVENUE LLC ETAL
Zoning & alternative use
6402:MIX USE-BORDERS CBD · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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