North Miami, FL
Commercial Real Estate Market Trends & Data

$533 per SF Avg asking sale price
$41 per SF Avg asking lease rate
4,799 SF Avg unit lease size
11,582 SF Avg building size for sale
6.19% Average cap rate

North Miami's Demographic Profile

North Miami has 19,888 households and a median income of $46,647, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 57,120
# Households 19,888
Median age 40
Median household income $46,647
Avg household size 3.0
Renter-occupied housing units 11,366
5-year population change -3%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
North Miami $532 3,256 SF 4.71%
Biscayne Park $540 6,480 SF 4.71%
North Miami Beach $460 7,993 SF 8.90%
Aventura $828 1,195 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Miami $491 21,466 SF 8.12%
North Miami Beach $485 12,720 SF 8.90%
Miami Shores $442 4,861 SF 5.59%
Sunny Isles Beach $716 908 SF 8.12%
Nearby Retail Markets Avg Cost/SF Typical Size
North Miami $353 9,648 SF
North Miami Beach $1,004 6,698 SF
Aventura $952 4,563 SF
Opa Locka $3,221 13,860 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Miami $340 10,665 SF 7.10%
North Miami Beach $273 12,412 SF 8.90%
Opa Locka $209 14,882 SF 7.17%

Commercial Properties For Sale in North Miami

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

340 NE 125th St

North Miami, FL 33161

  • 3,289 SF Office Building
  • $1,390,000
For Sale

15343 NW 2nd Ave

Miami, FL 33169

  • 1.39 AC Lot
  • 1 Commercial Lot
  • $3,999,000
For Sale

1385 NE 105th St

Miami Shores, FL 33138

  • 4,767 SF Multifamily
  • 4.53% Cap Rate
  • $1,995,000
For Sale

Sans Souci Boulevard | Freestanding Owner-Use

Miami, FL 33181

  • 3,211 SF Office Building
  • $1,975,000
For Sale

4x Rent Coverage Massive Sales El Car Wash

Miami, FL 33181

  • 3,535 SF Specialty
  • 5.25% Cap Rate
  • $11,365,714
For Sale

681 NW 108th St

Miami, FL 33168

  • 9,265 SF Retail Building
  • $3,400,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Net Operating Income (NOI) Calculator
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Nearby Commercial Markets

Comparing nearby markets helps investors see whether North Miami pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Miami $533 11,582 SF
Biscayne Park $540 6,480 SF
North Miami Beach $474 12,061 SF
Miami Shores $578 7,110 SF
Bay Harbor Islands $516 8,355 SF

Regional Demographic Comparison

This comparison places North Miami alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in North Miami or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Miami 57,120 19,888 40 $46,647 3 11,366 -3%
Biscayne Park 2,777 1,064 44 $78,309 3 317 -5%
North Miami Beach 42,604 15,171 41 $53,592 3 7,909 -2%
Miami Shores 11,311 3,397 38 $129,813 3 478 -2%
Bay Harbor Islands 7,076 3,029 45 $95,397 2 1,485 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Miami, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Miami

View All Commercial Real Estate For Sale in North Miami
Is North Miami a good market for a first-time commercial real estate investor?

North Miami offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in North Miami?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Miami. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in North Miami?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for North Miami. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does North Miami compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Miami. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for North Miami acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Miami, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends