Retail Suite with Medical
For Sale
$990,000
1058 SW 1st St, Miami, FL 33130
Retail space configured as a medical office with patient rooms, offering strong visibility and convenient street parking.
Property Size2,400 SF
Price / SF$412.50
Days on Market52
Property Features for 1058 SW 1st St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Traffic Count
16,500 vehicles/day
Building Details
Year Built
1948
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Antonio Saladrigas · License #A12071932
(786) 378-1850
Source:
Mymiahomes
Added: Jul 16
Changed: Sep 3
Last Checked: Sep 4 at 8:35AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This 1,300 sq ft retail space is currently configured as a medical office with ample patient rooms, while remaining versatile for most retail concepts. The layout is built for day-to-day professional use, supported by convenient nearby street parking.
Located centrally in Little Havana just off SW 1st Street, the property offers strong visibility with an average daily car count of 16,500 and high foot traffic. Access to downtown Miami, Brickell, and other major areas is described as quick. WalkScore is 93 and BikeScore is 62, with a transitScore of 54 indicating good transit.
For buyers seeking a centrally positioned commercial space that can support medical or professional uses and also translate to retail, this suite offers a turn-key medical office configuration within a high-traffic setting.
Located centrally in Little Havana just off SW 1st Street, the property offers strong visibility with an average daily car count of 16,500 and high foot traffic. Access to downtown Miami, Brickell, and other major areas is described as quick. WalkScore is 93 and BikeScore is 62, with a transitScore of 54 indicating good transit.
For buyers seeking a centrally positioned commercial space that can support medical or professional uses and also translate to retail, this suite offers a turn-key medical office configuration within a high-traffic setting.
Key Highlights
- Retail space with 1,300 sq ft, built in 1948
- Currently configured as a medical office with ample patient rooms
- High visibility with an average daily car count of 16,500
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
$68,850
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
6.95%
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%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 2,400 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
$108.0K $45.00/SF
− Vacancy
−$16.2K −$6.75/SF
EGI
$91.8K $38.25/SF
− OpEx
−$23.0K −$9.56/SF
NOI
$68.9K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /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%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 6.95%
Second Best
Healthcare Medical
$567.8K
$496.8K – $662.4K
NOI $39,744 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,098
Businesses Nearby
Under-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 Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Central Veterinary Export Inc — 618 SW 17th Ave, Miami, FL 33135
- Marquez Eugenio J DVM — 612 SW 17th Ave, Miami, FL 33135, United States
- Animal Clinic — Miami, FL 33135
- Central Veterinary Clinic — 1718 W Flagler St, Miami, FL 33135
- Pet hospital — 724 NW 14th Ct, Miami, FL 33125
Frequently Asked Questions
What type of property is this?
Medical Office Space - Retail space configured as a medical office with patient rooms, offering strong visibility and convenient street parking.
Where is this medical office space located?
The property is located at 1058 SW 1st St Miami, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Retail space with 1,300 sq ft, built in 1948; Currently configured as a medical office with ample patient rooms; High visibility with an average daily car count of 16,500
