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4000 NW 17th Ave 8,096 SF 28% Leased Retail Building Miami, FL 33142 $1,950,000 ($240.86/SF) 7.80% Cap Rate
Investment Highlights
- Excellent Value Add Deal
- 8,096 SF mixed-use on 9,350 SF lot
- Versatile opportunity for owner-user, operator, or investor
- Prime North Allapattah location with high visibility
Executive Summary
Apex Capital Realty is proud to present 4000 NW 17th Avenue, a centrally located mixed-use commercial property in North Allapattah, just minutes from Miami International Airport with direct access to the 112 Expressway a high-traffic location with excellent visibility.
The property features approximately 8,096 SF of rentable space on a 9,350 SF lot, offering a mix of retail, flex, and warehouse areas. It includes income from an existing tenant paying $4,500/month NNN with 3% annual increases through 2034, plus additional space ready for lease or owner occupancy, including a partially built-out space with an approved master permit for restaurant/bar use. Ideal for investors or owner-users seeking a value-add opportunity in a rapidly evolving Miami submarket.
The property features approximately 8,096 SF of rentable space on a 9,350 SF lot, offering a mix of retail, flex, and warehouse areas. It includes income from an existing tenant paying $4,500/month NNN with 3% annual increases through 2034, plus additional space ready for lease or owner occupancy, including a partially built-out space with an approved master permit for restaurant/bar use. Ideal for investors or owner-users seeking a value-add opportunity in a rapidly evolving Miami submarket.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$212,074
|
$26.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$212,074
|
$26.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$60,058
|
$7.42
|
| Net Operating Income |
$152,016
|
$18.78
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $212,074 |
| Annual Per SF | $26.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $212,074 |
| Annual Per SF | $26.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $60,058 |
| Annual Per SF | $7.42 |
| Net Operating Income | |
|---|---|
| Annual | $152,016 |
| Annual Per SF | $18.78 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,096 SF
Building Class
C
Year Built
1947
Price
$1,950,000
Price Per SF
$240.86
Cap Rate
7.80%
NOI
$152,016
Percent Leased
28%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
T5-O - transect zone focused on limited mixed-use and multi-family residences
Frontage
85’ on 17TH AVE
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- New York Deli & Grocery
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| New York Deli & Grocery | - | - | - | - |
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-3122-035-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $363,302 |
Property Taxes
Parcel Number
01-3122-035-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$363,302
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