Windowed
1024-108 71st St #R-106, Miami Beach, FL 33141
For Sale
Contact for pricing
An open interior layout currently configured as office space offers flexibility for retail or service uses.
Property Size7,500 SF
Price / SF$0.00
Days on Market11
Property Features for 1024-108 71st St #R-106
General Information
Standard status
Size
Property subtype
Amenities
0.17218 acres
Public Sanitation
Parcel Number: 02-32-10-057-0150, Public Survey Range: 32, Public Survey Section: 10, Public Survey Township: 32, Legal Description: CONCOURSE CONDO UNIT RETAIL 106 UNDIV 1098/7252 INT IN COMMON ELEMENTS OFF REC 23076-4449 COC 23211-0704 03 2005 2, Zoning: 6400
Central Building A/C
Listing ID: A12118028, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-10-30, 5 days on market, Special Conditions: Lease
On Street
Built in 1940, Living area: 7500, Living area units: Square Feet, 1 building, 2 stories
County/Parish: Miami-Dade County
Leasable area: 504, Leasable area units: Square Feet
Water Source: Public
Rental Agreement
Electricity, Inside Insurance
Building Details
Year Built
Listing Agency:
Realty Hub
(305) 495-2515
Listed By:
Alan Waserstein · License #0438224
(754) 250-2258
Source:
Riserealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront has an open interior plan and large front windows that bring in natural light. The space is currently configured as an office, and the layout can accommodate different interior arrangements. The building dates to 1940.
The property is on 71st Street in Miami Beach, with access to nearby residential neighborhoods and local businesses.
The property is on 71st Street in Miami Beach, with access to nearby residential neighborhoods and local businesses.
Key Highlights
- Large front windows provide natural light
- Open interior layout supports flexible configurations
- Currently set up as office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,819
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,536,380
$2.5M
Cap Rate 7%
$1,811,700
$1.8M
Cap Rate 9%
$1,409,100
$1.4M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$198.0K $26.40/SF
− Vacancy
−$16.8K −$2.24/SF
EGI
$181.2K $24.16/SF
− OpEx
−$54.4K −$7.25/SF
NOI
$126.8K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,536,380
Cap Rate 7%
$1,811,700
Cap Rate 9%
$1,409,100
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,819 @ 7.0% cap · market cap 384,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,355 @ 7.0% cap · market cap 807,136.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Miami Beach, FL
Properties on Market for Storefront properties in Miami Beach
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - An open interior layout currently configured as office space offers flexibility for retail or service uses.
Where is this storefront property located?
The property is located at 1024-108 71st St #R-106 Miami Beach, FL.
What are key features of this property?
This property features: Large front windows provide natural light; Open interior layout supports flexible configurations; Currently set up as office space
