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470 NW 22nd Ave 2,571 SF Office Building Miami, FL 33125 $1,598,524 CAD ($621.75 CAD/SF) 6.83% Cap Rate



Investment Highlights
- Favorable T6-8-O Zoning: High-density urban core designation permitting mixed-use redevelopment up to 8 stories.
- Unmatched Site Logistics: High-exposure corner lot with 7 assigned, on-site parking spaces—a premium commodity in this submarket.
- Turnkey Improvements: Robust CBS construction with a durable concrete roof, vinyl floors, and brand-new interior/exterior paint.
Executive Summary
Premium freestanding commercial asset located on a high-visibility corner lot within a rapidly densifying Miami submarket. Featuring flexible T6-8-O urban core mixed-use zoning, this fully updated ±2,571 SF CBS construction building serves as a highly functional owner-user facility or an exceptional covered land play with redevelopment potential for up to 8 stories.
This is a Strategic Urban Core Asset with T6-8-O Redevelopment Upside Situated at 470 NW 22nd Ave. This property represents a rare opportunity to acquire a versatile, freestanding commercial building in Miami. The existing ±2,571 SF structure has been comprehensively remodeled and features a robust CBS build with a concrete roof, 6 private offices/consulting rooms, 2 restrooms, and 7 dedicated on-site parking spaces. For owner-users or investors, the property offers immediate turn-key utility for professional services, medical use, or boutique retail. For developers, the liberal T6-8-O zoning unlocks intensive future development capabilities in a high-traffic corridor. Buyer to independently verify exact density allowances.
This is a Strategic Urban Core Asset with T6-8-O Redevelopment Upside Situated at 470 NW 22nd Ave. This property represents a rare opportunity to acquire a versatile, freestanding commercial building in Miami. The existing ±2,571 SF structure has been comprehensively remodeled and features a robust CBS build with a concrete roof, 6 private offices/consulting rooms, 2 restrooms, and 7 dedicated on-site parking spaces. For owner-users or investors, the property offers immediate turn-key utility for professional services, medical use, or boutique retail. For developers, the liberal T6-8-O zoning unlocks intensive future development capabilities in a high-traffic corridor. Buyer to independently verify exact density allowances.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,571 SF
Building Class
C
Year Built
1952
Price
$1,598,524 CAD
Price Per SF
$621.75 CAD
Cap Rate
6.83%
NOI
$109,179 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,262 SF
Building FAR
0.43
Lot Size
0.14 AC
Zoning
T6-8-O - Neighborhood Commercial Mixed-Use
Parking
7 Spaces (2.72 Spaces per 1,000 SF Leased)
Amenities
- Day Care
- Wheelchair Accessible
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4103-035-0190 | Total Assessment | $875,427 CAD |
| Land Assessment | $728,818 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $146,609 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
01-4103-035-0190
Land Assessment
$728,818 CAD
Improvements Assessment
$146,609 CAD
Total Assessment
$875,427 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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470 NW 22nd Ave
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