Listed by Fortune International Realty
$2,100,000
12985 W Dixie Hwy
Details
APN 06-22-30-006-0550
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 7,742
Units 7
Cap Rate 5.80%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 3
Rent Bumps Yes
Price per SqFt $271
Class B
Year Built 1956
Buildings 1
Lot Size (SqFt) 7,742
Zoning 6600
Parking Spaces 11 spaces
Parking Per SqFt 1.42
Investment Type Stabilized
Ground Lease No
Ownership Corporate Owned
Sale Condition N/A
100% Occupied | Stabilized Cash Flow | Long-Term Leases Through 2027–2028
Marketing description
Stabilized 7-Unit Retail Investment | 6.66% Cap | Value-Add Offered at $2,000,000, this fully leased neighborhood retail center sits on a high-visibility corner at 12985 W Dixie Hwy in North Miami. The 7,742 SF building offers strong frontage, parking, and steady traffic exposure. The property generates $146,936 gross income with an estimated $133,249 NOI, reflecting a 6.66% cap rate. All seven units are leased to established tenants on 2–3 year terms, providing stable cash flow with near-term upside. Several rents are below market, offering repositioning potential, and one underperforming unit presents additional value-add opportunity. Built in 1956, zoned 6600, and surrounded by ongoing development. Detailed rent roll and financials available with NDA.
Investment highlights
Fully leased Class B retail center totaling approximately 5,900 SF across 7 units
All tenants paying under market rent → immediate upside through rent increases or renewals
Long-term tenant base providing stable occupancy and consistent income
Low operating expenses — landlord responsible only for property taxes and insurance
Excellent visibility and prime frontage along W Dixie Highway
Surrounded by active residential and commercial redevelopment
Ideal value-add or long-term hold investment in a high-growth Miami submarket
Minutes from Biscayne Blvd, I-95, Miami Shores, and Downtown North Miami
Listing Contacts
Listed by Fortune International Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
