Commercial Sale · Retail
12985 W Dixie Hwy, North Miami FL 33161, NORTH MIAMI, FL, 33161
Active294 days on marketListed Oct 27, 2025MLS #A11897492
About this property
The property at a glance
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.
7,742
Building sq ft
$271
Price / sq ft
7,742
Lot sq ft
1956
Year built
1
Building
6600
Zoning
Retail
Property type
The numbers
Investment snapshot
NNN
Lease structure
1 To 3 Year Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$10,744/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
36,149
Population
$56,006
Median income
37
Median age
3
Avg household
$331,786
Median home value
$1,568/mo
Median rent
4,191
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 12985 W Dixie Hwy
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$600
12641 NW 17th Ave, North Miami FL 33167
Sold Nov 20, 2024
$1,900
14025 W Dixie Hwy, North Miami FL 33161
Sold Sep 8, 2025
$24,000
981 NE 79th St, Miami FL 33138
Sold Oct 21, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 12985 W Dixie Hwy — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 12985 W Dixie Hwy.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of Fortune Christie's Intl R.E. · Monica Hurtado. MLS #A11897492.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New NORTH MIAMI listings, in your inbox
A daily digest of every new listing in NORTH MIAMI — straight from the MLS, hours after it goes live. Unsubscribe anytime.