Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Storefront in Miami Beach Title is generated by Realmo AI

    1016 71st St, Miami Beach, FL 33141

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Open space with natural light, ideal for retail or office.

    Type:Retail
    Added:
    Jan 6, 2022
    Days on Market:
    1605
    Last Refresh:
    May 12 at 10:05 pm

    Property Features for 1016 71st St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1940

    Spaces For Lease

    at 1016 71st St Contact us

    1018 71st- 104 $25/Mo

    Size
    887 SF
    Type
    Retail
    retail space wth open concept, private area., private bathroom, front to ceiling...
    show more
    Contact us

    1024 71 st $26/Mo

    Size
    504 SF
    Type
    Retail
    500 sq. ft. storefront for rent with front and back entrances, tile flooring, and...
    show more
    Contact us

    1018- A05 $35/Mo

    Size
    700 SF
    Type
    Retail
    Excellent store front with open space, laminate floor, private bathroom, great exposure
    Contact us

    1020 71 st $54/Mo

    Size
    1,200 SF
    Type
    Retail
    space recently renovated, fully equipped, no grease trap, private bathroom, maximum...
    show more
    Contact us

    We can help!

    Listing Contact
    Alan Waserstein

    Listing agent Alan Waserstein License #0438224

    Listing office Realty Hub

    Listing date Jan 6, 2022

    Source Crexi

    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 Realty Hub

    HighLights

    • Prime location with excellent visibility and foot traffic.
    • Generous open space with tile flooring and natural light.
    • Suitable for retail, office, restaurant, and more.
    • Convenient private bathroom.
    • Backdoor entrance for easy deliveries.
    • Central location with nearby parking.

    Overview

    The storefront property features a generous open space with tile flooring and natural light. It benefits from excellent visibility and foot traffic. A convenient private bathroom offers comfort for both staff and visitors. Additional features include a backdoor entrance for easy deliveries and designated storage areas that could be used for additional storage or space. The central location, coupled with nearby parking, ensures accessibility. This location offers any business the opportunity to start, whether retail, office, or restaurant. The property is located in Miami Beach, Florida. Lease term is negotiable. The property is suitable for commercial real estate, storefront, retail, office, and restaurant use.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Miami Beach Florist® — 625 71st St, Miami Beach, FL 33141
    • Sainte Fleur Miami - Flowers and More — Normandy Dr, Miami Beach, FL 33141
    • Abbott Florist — 1008 71st St, Miami Beach, FL 33141
    • Flowers for Lovers — 7940 abbott ave suite10, miami beach, fl 33141
    • Nila's Flowers — 6636 Collins Ave, Miami Beach, FL 33141

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1259
    Latitude
    25.8619

    Nearby Similar for Lease

    • $45 SF/Yr
      1,000 SF

      South Beach Retail/Office Space

      Turnkey retail or office space in high-traffic South Beach.
      901 Pennsylvania Ave, Miami Beach, FL 33139
      View Details
    • $1,500/Mo
      906 SF

      Miami Beach Shared Office Space

      Shared office space in oceanfront condo, ideal for medical use.
      2555 Collins Ave, Miami Beach, FL 33140
      View Details
    • $37 SF/Yr
      800 SF

      Renovated Retail/Office Suite in Miami Beach

      Rare, renovated 800 SF retail/office suite in iconic building.
      1197 71 St, Miami Beach, FL 33141
      View Details
    • $50 SF/Yr
      9,480 SF

      Miami Beach Commercial Building Lease

      9,480 SF commercial building for lease in Miami Beach.
      1214 Alton Rd, Miami Beach, FL 33139
      View Details
    • $50 SF/Yr
      4,756 SF

      Prime Retail Space, Miami Beach

      High-visibility retail space in the heart of Miami Beach.
      727 Collins Ave, Miami Beach, FL 33139
      View Details
    • $37,000 SF/Yr
      4,000 SF

      Miami Beach Office with Terrace

      4,000 SF office with 1,000 SF covered terrace.
      6930 Collins Ave, Miami Beach, FL 33141
      View Details
    • $2,859/Mo
      2,655 SF

      Miami Beach Office Space Available

      Office leases available in North Beach, projected for January 2026.
      6936 Collins Ave, Miami Beach, FL 33141
      View Details
    • $8,000/Mo
      2,655 SF

      Miami Beach Office Space Available

      Office leases available in North Beach with flexible configurations.
      6930 Collins Ave, Miami Beach, FL 33141
      View Details
    • $8,250/Mo
      1,730 SF

      Miami Beach Commercial Space

      Prime commercial space in high-demand Miami Beach location.
      924 71st Street, Miami Beach, FL 33141
      View Details
    • $45 SF/Yr
      1,360 SF

      Miami Beach Office Shell Space

      Shell space ready for custom build-out in Miami Beach.
      1000 5th St, Miami Beach, FL 33139
      View Details
    • $50 SF/Yr
      4,148 SF

      Class A Office Suite

      Spacious, efficient office suite in a prime Miami Beach location.
      1000 5th St, Miami Beach, FL 33139
      View Details
    • $65 SF/Yr
      1,466 SF

      Miami Beach Class A Office

      Well-designed office space in a Class A building.
      1000 5th St, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Storefront property - Open space with natural light, ideal for retail or office.
    Where is this storefront property located?
    The property is located at 1016 71st St Miami Beach, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime location with excellent visibility and foot traffic.; Generous open space with tile flooring and natural light.; Suitable for retail, office, restaurant, and more.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alan Waserstein
    Real Estate License ID: 0438224
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1016 71st St, Miami Beach, FL 33141
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!