$2,100,000
12985 W Dixie Highway
North Miami, FL 33161
Explore the area: North Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $2,100,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 311
This commercial property in ZIP 33161 went under contract with an asking price of $2,100,000. It spent 311 days on the market before going under contract.
Estimated monthly payment
$11,036 /mo
Principal and interest only, based on $420,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,100,000
- Days on Site
- 311 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 7,742 sqft
- Lot Size
- 0.18 Acres
- Year Built
- 1956
- Property Type
- Commercial
- MLS #
- A11897492
- Property Tax
- $13,687 (2024)
- County
- Miami Dade
- Status
- Under Contract
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Under Contract
- Year Built
- 1956
- Property Condition
- Resale
- Number of Stories
- 1
- Lot Size (Acres)
- 0.18
- Total Sq Ft
- 7,742
- Structure Type
- Retail
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6600
Interior Features
- Cooling
- Central Air
Exterior Features
- Lot Features
- Corner Lot
Community & HOA
- Community Features
- Shopping
- Financing Terms
- Cash
- MLS Area
- 2220
About the Area
Browse North Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. North Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest North Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 466
- Under Contract
- 73
- Median List Price
- $374,700
- Median Sale Price (September)
- $491,995
- Median $/Sq Ft
- $281
- Avg Days on Market
- 148
Frequently Asked Questions
- How do I schedule a tour of 12985 W Dixie Highway, North Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 12985 W Dixie Highway, North Miami, FL 33161. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 12985 W Dixie Highway, North Miami, FL 33161 still available?
- 12985 W Dixie Highway, North Miami, FL 33161 is currently listed as Under Contract, and has been on the market 311 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 12985 W Dixie Highway, North Miami, FL 33161?
- With 20% down ($420,000) on the $2,100,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 12985 W Dixie Highway, North Miami, FL 33161 is about $11,036/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 12985 W Dixie Highway, North Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 12985 W Dixie Highway, North Miami, FL 33161. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 12985 W Dixie Highway, North Miami, FL 33161?
- Often, yes. The right offer on 12985 W Dixie Highway, North Miami, FL 33161 depends on how it's priced against comparable commercial sales in North Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fortune Christie's Intl R.E.
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,100,000
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Listed by Monica Hurtado, Fortune Christie's Intl R.E.
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Recent Sales
Recently sold homes in ZIP 33161
These are the last 6 recorded closings in ZIP 33161, with the price each home actually sold for rather than what it was listed at. They closed at a median of $393 per square foot. The most recent closed on October 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$815,000
Sold · October 14, 2026
12325 NE 2nd Court
3 bed · 2 bath · 2,072 sqft · $393/sqft
$85,000 under the asking price
Sold$550,000
Sold · October 13, 2026
12955 NE 11th Avenue
2 bed · 2 bath · 1,348 sqft · $408/sqft
$24,900 under the asking price
Sold$925,000
Sold · October 7, 2026
125 NE 146TH Street
2 bed · 2 bath · 1,636 sqft · $565/sqft
$25,000 under the asking price
Sold$158,000
Sold · October 2, 2026
1470 NE 123rd Street A104
1 bed · 1 bath · 782 sqft · $202/sqft
Sold$265,000
Sold · October 1, 2026
14241 Memorial Hwy 9f Highway
2 bed · 2 bath · 1,182 sqft · $224/sqft
$5 over the asking price
Sold$410,000
Sold · September 28, 2026
185 NE 129th Street
3 bed · 2 bath · 1,831 sqft · $224/sqft
$39,900 under the asking price
See every recorded sale in ZIP 33161 or find out what your ZIP 33161 home is worth.
