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1180 NW 99th St
Miami, FL 33150 Pinewood

$5,300,000 USD

Religious Facility For Sale  •  30,698 SF

Property Details

  • Property Type Religious Facility
  • Total Building Size 30,698 SF
  • Lot Size 1.97 AC
  • Building Class C
  • Year Built 1959
  • Zoning RU-2
20 Transit Score
50 Walk Score

Highlights

Newer 2016 Construction: 20-unit apartment community with impact windows, central A/C, and low-maintenance features.
Stable Section 8 Income: Majority of residential tenants benefit from Housing Choice Voucher assistance.
Significant Value-Add Opportunity: Lease the existing church and increase below-market apartment rents.
Projected 7%+ Cap Rate: Multiple avenues to enhance NOI and long-term investment returns.
Expansive 2.0-Acre Site: Rare mixed-use property with future redevelopment potential.
Prime Miami Location: Minutes from Downtown Miami, Miami International Airport, and Interstate 95.

Financial Summary (Actual)

Net Operating Income: $218,988 USD (2025)
Total Expenses: $41,412 USD

Major Tenants

Tenant SF Occupied Lease End Date
Faith Deliverance Cathedral

Public Transportation

Commuter RailDriveWalkDistance
Northside (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 8 min - 3.4 mi
Dr. Martin Luther King Jr. Plaza (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 9 min - 3.8 mi
AirportDriveWalkDistance
Miami International 26 min - 13.1 mi
Fort Lauderdale/Hollywood International 27 min - 17.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants
Elior Levi 954-743-7594 Fausto Commercial Realty Consultants