12985 W Dixie Hwy, North Miami FL 33161
1956
Year Built
1
Stories
184
Days on Market
Description
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.
Facts
- MLS#
- A11897492
- Subdivision
- —
- Property Type
- Commercial Sale
- Property Sub Type
- Retail
- Year Built
- 1956
- Lot Size
- 7,742 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- 1
- Garage
- —
- Pool
- —
- Days on Market
- 184 days
- Listed
- Oct 27, 2025
- Last Updated
- Apr 29, 2026
- Price/Lot Sq.Ft.
- $271/ft²
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Market insights for North Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
45
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/16/2026 | Price change | $2,100,000+5.0% |
| 10/27/2025 | Listed for sale | $2,000,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Academic High School For The ArtsPK,KG,1,2,3,4,5,6,7,8 · private · 0.6 mi
- South Florida Jewish Academy
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.7 mi
- High Point Academy
KG,1,2,3,4,5 · private · 0.7 mi
- Riverglades Elementary School
PK,KG,1,2,3,4,5 · public · 0.8 mi
- Coral Sunset Elementary School
PK,KG,1,2,3,4,5 · public · 1.0 mi
- Academic Alternative Education
6,7,8,9,10,11,12 · private · 1.5 mi
- Weinbaum Yeshiva High School
9,10,11,12 · private · 1.5 mi
- Academic Alternative High School Boca Raton
6,7,8,9,10,11,12 · private · 1.5 mi
- Tradewinds Elementary School
PK,KG,1,2,3,4,5 · public · 1.5 mi
- North Broward Preparatory School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$13,077/mo
Principal & Interest
$11,177
Property Tax
$1,750
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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