Miami mixed use cap rates
Miami-Dade County · Updated September 2026
Current range
5.75% – 7.00%
Buyers often value the residential and commercial income at different cap rates and add them together.
Typical expenses
35%
of collected income, paid by the owner
What moves a mixed use property within the range
- The split between residential and commercial income.
- Ground floor tenant quality and lease term.
- Zoning. Many mixed use buildings sit on land zoned for far more.
- Location and age. Core neighborhoods trade about 0.25% tighter, outer markets about 0.50% wider, and buildings from before 1980 about 0.25% wider.
What a quarter point is worth
Take a mixed use property with $500,000 of net operating income. At today’s range, every 0.25% change in cap rate moves its value by about $295,967.
| Cap rate | Value at $500,000 NOI |
|---|---|
| 5.50% | $9,090,909 |
| 5.75% | $8,695,652 |
| 6.38% | $7,836,991 |
| 7.00% | $7,142,857 |
| 7.25% | $6,896,552 |
Questions
What is a good cap rate for mixed use in Miami?
Stabilized mixed use properties in Miami-Dade are trading at 5.75% to 7.00%. A lower cap rate means a higher price for the same income. Whether a given cap rate is good depends on whether you are buying or selling.
How do I calculate the value of a mixed use property?
Divide the net operating income by the cap rate. A property netting $500,000 a year at a 6.38% cap rate is worth about $7,843,137.
What expenses come out of net operating income?
Property taxes, insurance, repairs, management, utilities the owner pays and reserves. Not the mortgage. For mixed use, owner-paid expenses typically run about 35% of collected income.
Other property types: Multifamily (10+ units) · Small multifamily (2–9 units) · Retail / strip center · Single-tenant net lease · Office · Medical office · Industrial / warehouse · Self storage · Hotel / motel · Auto service / gas. Land values by neighborhood: see the table.
What is your mixed use property worth?
Enter your address and we pull the county record. Add your rent and expenses and you will see your cap rate and value range against today's mixed use market. It is free.
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