logo
Properties
Explore our listings
Buy
Listings for sale
Rent
Listings for rent
Explore
Neighborhoods, buildings & trends
Neighborhoods
Check neighborhoods information
Buildings
Check buildings information
Pre-Construction
New developments on sale
Market Trends
Monthly market data & analysis
Resources
Blog, tools & guides
Blog
Articles & guides
Tax Calculator
Compare tax savings
Property Tax Calculator
Estimate your annual tax
Sell Your Home
Get a free home valuation
Contact
Tell us about your needs
Language
Change website language
English
Русский
Español
中文(简体)
Sign In
Sign in or register

12985 W Dixie Hwy, North Miami FL 33161

Commercial Recently Sold
$1,790,000

BTC: 21.40636211

ETH: 736.01973684

Sold on: 2026-10-16
311 days
0 room(s)

Overview

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.

Location

Florida • North Miami • 33161 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
7742 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,000,000
$676K – $3.3M
Confidence Low
List vs. estimate
$100K above estimate
List $2,100,000 · +5.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $475K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,687
2024
All facts and features

  • Cooling

    • Central Individual A/C

  • Lot

    • Lot: 7742 Square Feet

    Other Property Information

    • Parcel Number: 06-22-30-006-0550

    • Zoning: 6600

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $13,687

  • Source details

    • MLS ID: A11897492

    Other facts

    • Lot Features: Corner Lot

    • Window Features: Clear Impact Glass

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

Recently Sold
$1,400,000
House
2 bds · 2 ba · 2,476 sqft
MIAMI SHORES SEC 3, MIAMI SHORES
550 NE 94 STREET
New
Recently Sold
$2,335,000
House
3 bds · 3 ba · 2,365 sqft
MIAMI SHORES SEC 3, Miami Shores
1065 NE 96th St, Miami Shores FL 33138
Recently Sold
$2,350,000
House
4 bds · 3 ba · 2,535 sqft
MIAMI SHORES SEC 1 AMD, Miami Shores
251 NE 95th St, Miami Shores FL 33138
Recently Sold
$1,350,000
House
3 bds · 2 ba · 1,749 sqft
MIAMI SHORES SEC 5, Miami Shores
269 NE 104th St, Miami Shores FL 33138
Recently Sold
$1,400,000
House
2 bds · 2 ba · 1,821 sqft
MIAMI SHORES ESTATES, Miami Shores
1010 NE 105th St, Miami Shores FL 33138
Recently Sold
$1,775,000
Condo/Co-op
3 bds · 3 ba · 2,386 sqft
Marina Palms Residences S, North Miami Beach
17111 Biscayne Blvd # 1210, North Miami Beach FL 33160
Recently Sold
$1,400,000
House
4 bds · 2 ba · 2,283 sqft
MIAMI SHORES SEC 1 AMD, Miami Shores
254 NE 101st St, Miami Shores FL 33138
Recently Sold
$2,430,000
House
3 bds · 2 ba · 2,121 sqft
KEYSTONE POINT, North Miami
2025 Arch Creek Dr, North Miami FL 33181

Market around this address

Live counts in the same area.
View all
This zip
33161
138
median $689K
Active
Same city
North Miami
403
median $550K
Active
Same type
Commercial
23
median $850K
Active
Similar price
$1.5M – $2.7M
19
median $2.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fortune Christie's Intl R.E.