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Property profile & analytics
FOR SALE
Warehouses

3838 Shipping Ave Miami, FL 33146

2,328 SF 0.08 ac lot Built 1983
Individually Owned 20-yr Hold Free & Clear
Property ID
US18-7713242
Property summary
AI-generated overview

This exceptional mixed-use property, located at 3838 Shipping Ave in Miami, Florida, presents a compelling investment opportunity. Situated in Miami-Dade County, zip code 33146, between the desirable neighborhoods of Coral Gables and Coconut Grove, this single-story building offers significant potential. Constructed in 1983, the property boasts a strategic location, providing easy access to major transportation routes and a vibrant urban environment. The asking price is $6,000,000. The property's mixed-use zoning allows for a variety of commercial and potentially residential applications, making it an ideal asset for investors seeking diverse income streams or redevelopment possibilities. The building's single-story design offers efficient layout and management. Its prime location between Coral Gables and Coconut Grove provides access to a high-density population with strong purchasing power and a thriving local economy. The property's address is easily accessible and highly visible, offering excellent potential for branding and signage. This is a rare opportunity to acquire a well-positioned mixed-use building in one of Miami's most sought-after areas. Further due diligence is recommended to fully assess the property's potential and suitability for your investment strategy. The geographic coordinates are 25.7329231 latitude and -80.2564236 longitude.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1983
Construction CONCRETE
Total area 2,328 SF
Lot 0.08 ac (3,520 SF)
Zoning code 6110:COMM/RES-DESIGN DIST
APN 01-4117-003-2570
UPID US18-7713242
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
  • German Motorsports Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
$585k
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
Siegel,alvin D · 20 yrs held
Siegel,alvin D
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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