Two-Story Street-Level Retail
For Sale
$935,867
101-239 Sw 9th St, Miami, FL 33130
Two-story street-level retail with mezzanine, currently built for coffee service and suitable for select hospitality or retail users.
Property Size886 SF
Price / SF$1,056
Days on Market154
Property Features for 101-239 Sw 9th St
General Information
Standard status
Active
Size
886 SF
Additional Details
Cap Rate
4.5%
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Habitat Realty LLC
(786) 521-8144
Listed By:
Javier Motta · License #3265070
(786) 521-8144
Source:
Exprealty
Added: Mar 24
Changed: Aug 20
Last Checked: Aug 23 at 4:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Habitat Realty LLC
Investment Insights
Based on property information with market context.
This street-level, two-story commercial space includes a first floor plus a mezzanine and is currently designed for a coffee shop concept. The offering lists approximately 886 SF with an occupancy capacity of 33 people. The space features modern finishes and floor-to-ceiling glass, creating an open, retail-forward presentation.
The property is located at Smart Brickell Tower I in Brickell, within a dense office and retail environment. The remarks indicate the location is steps from Brickell City Centre and Mary Brickell Village, with proximity to major office towers and strong pedestrian exposure.
For investors, the space is currently leased on a 3-year term, with an approximate 4.5% cap rate referenced in the offering materials. For buyers seeking flexibility, the tenant’s early termination may be negotiated to allow the space to be delivered vacant if preferred. The existing coffee shop buildout can support similar café and specialty retail uses, as well as boutique hospitality concepts, depending on the operator’s plans.
The property is located at Smart Brickell Tower I in Brickell, within a dense office and retail environment. The remarks indicate the location is steps from Brickell City Centre and Mary Brickell Village, with proximity to major office towers and strong pedestrian exposure.
For investors, the space is currently leased on a 3-year term, with an approximate 4.5% cap rate referenced in the offering materials. For buyers seeking flexibility, the tenant’s early termination may be negotiated to allow the space to be delivered vacant if preferred. The existing coffee shop buildout can support similar café and specialty retail uses, as well as boutique hospitality concepts, depending on the operator’s plans.
Key Highlights
- Two‑story street‑level retail space with mezzanine in Brickell (Smart Brickell Tower I).
- Approximately 886 SF with a 33‑person occupancy capacity.
- Currently leased on a 3‑year term with an approximate 4.5% cap rate.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,280
$837.3K
Cap Rate 7%
$598,057
$598.1K
Cap Rate 9%
$465,156
$465.2K
Market Conditions
NOI Build-Up for 886 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.7K $63.96/SF
− Vacancy
−$850 −$0.96/SF
EGI
$55.8K $63.00/SF
− OpEx
−$14.0K −$15.75/SF
NOI
$41.9K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,280
Cap Rate 7%
$598,057
Cap Rate 9%
$465,156
Alternative Uses
Best Use
Specialty Retail
$598.1K
$523.3K – $697.7K
NOI $41,864 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15,952
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gosia's Coffee Shop — 1581 Brickell Ave, Miami, FL 33129
- ST. AUGUSTINE COUNTRY CLUB, LLC — 33 SW 18th Terrace, Miami, FL 33129
- The Juice Spot — 1800 SW 1st Ave #104, Miami, FL 33129
- Stephen Cafes — 189 M-Path, Miami, FL 33129
- Threefold Cafe Brickell — 1441 Brickell Ave Suite 310, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Coffee shop - Two-story street-level retail with mezzanine, currently built for coffee service and suitable for select hospitality or retail users.
Where is this coffee shop located?
The property is located at 101-239 Sw 9th St Miami, FL.
What is the asking price?
The asking price for this property is $935,867.
What are key features of this property?
This property features: Two‑story street‑level retail space with mezzanine in Brickell (Smart Brickell Tower I).; Approximately 886 SF with a 33‑person occupancy capacity.; Currently leased on a 3‑year term with an approximate 4.5% cap rate.
