Leased Retail Suite with
103-150 Se 2nd Ave Miami, FL 33132
For Sale
$2,500,000
Retail suite leased to USPS with additional leased storage space in a downtown office building.
Property Size3,492 SF
Price / SF$715.92
Days on Market46
Property Features for 103-150 Se 2nd Ave
General Information
- Standard status
- Active
- Size
- 3,492 SF
Listing Agency:
Synergy Realty Advisors
(786) 202-3303
Listed By:
Giovanni Vasquez · License #3333058
(786) 202-3303
Source:
Exprealty
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 23 at 1:49PM
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 Synergy Realty Advisors
Investment Insights
Based on property information with market context.
Located at 150 SE 2nd Ave, Suite 103, this leased retail suite offers income from USPS and additional storage leasing within the same building. The property is described as a 3,492 SF space, with USPS occupying 2,000 SF under a partial NNN lease. The USPS lease includes an 8% rent increase at each 5-year renewal, supporting long-term stability.
The remaining 1,492 SF is leased as storage to different tenants of the building, creating additional revenue beyond the USPS tenancy. The suite is identified as one of only four retail spaces on the first floor.
As presented, the building’s downtown setting and proximity to major transit hubs contribute to the suite’s high-visibility positioning and foot-traffic appeal.
The remaining 1,492 SF is leased as storage to different tenants of the building, creating additional revenue beyond the USPS tenancy. The suite is identified as one of only four retail spaces on the first floor.
As presented, the building’s downtown setting and proximity to major transit hubs contribute to the suite’s high-visibility positioning and foot-traffic appeal.
Key Highlights
- Retail suite at 150 SE 2nd Ave, Suite 103 in the Chase Building (3,492 SF).
- Leased to USPS (2,000 SF) under a partial NNN lease.
- USPS lease includes an 8% rent increase at each 5‑year renewal.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.4k | $51.96 |
| − Vacancy | −$18.7k | −$5.35 |
| EGI | $162.8k | $46.61 |
| − OpEx | −$48.8k | −$13.98 |
| NOI | $113.9k | $32.63 |
3,492 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.63M
$1.42M – $1.90M
NOI $113,929 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $164,999 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Retail suite leased to USPS with additional leased storage space in a downtown office building.
Where is this storefront property located?
The property is located at 103-150 Se 2nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Retail suite at 150 SE 2nd Ave, Suite 103 in the Chase Building (3,492 SF).; Leased to USPS (2,000 SF) under a partial NNN lease.; USPS lease includes an 8% rent increase at each 5‑year renewal.
