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4000 NW 17th Ave 8,096 SF 28% Leased Retail Building Miami, FL 33142 $2,688,075 CAD ($332.03 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$292,344
|
$36.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$292,344
|
$36.11
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$82,790
|
$10.23
|
| Net Operating Income |
$209,554
|
$25.88
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $292,344 |
| Annual Per SF | $36.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $292,344 |
| Annual Per SF | $36.11 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $82,790 |
| Annual Per SF | $10.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $209,554 |
| Annual Per SF | $25.88 |
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
$2,688,075 CAD
Price Per SF
$332.03 CAD
Cap Rate
7.80%
NOI
$209,554 CAD
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 CAD |
| Land Assessment | $0 CAD | Total Assessment | $498,338 CAD |
PROPERTY TAXES
Parcel Number
01-3122-035-0090
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$498,338 CAD
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4000 NW 17th Ave
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