South of Fifth Retail/Office
For Sale
Contact for pricing
110 Washington Ave CU-7, Miami Beach, FL 33139
Retail or office space in prime South of Fifth location.
Property Size1,000 SF
Price / SF$9.20
Days on Market196
Property Features for 110 Washington Ave CU-7
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
Fisher Island
Building Details
Building Size
1,000 SF
Year Built
2004
Listing Agency:
DK International Rlty Inc.
Listed By:
Daniel Bajaroff · License #0635019
(305) 710-5827
Source:
Elliman
Added: Apr 24
Changed: Oct 26
Last Checked: Nov 4 at 12:46PM
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 DK International Rlty Inc.
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Investment Insights
Based on property information with market context.
Located on Washington Avenue, this retail or office space is situated in the exclusive South of Fifth neighborhood, steps away from Pura Vida and next to JetSet Pilates. The property is suitable for retail or office use and offers the possibility of outdoor seating, potentially for a coffee shop. Previously operated as a beauty and massage spa, the space is currently vacant. It features approximately 730 square feet on the ground floor with an additional 270 square feet on the mezzanine level, totaling approximately 1,000 square feet gross. The location is very bikeable with a bike score of 71 and is considered a walker's paradise with a walk score of 92. Public transportation is readily accessible, reflected by a transit score of 59.
Key Highlights
- Prime Location: Steps from Pura Vida and next to JetSet Pilates on Washington Ave in the exclusive South of 5th Street area.
- Versatile Space: Suitable for retail or office use, offering flexibility for various business types.
- Outdoor Seating Potential: Opportunity for outdoor seating, ideal for a coffee shop or similar establishment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,909
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,180
$338.2K
Cap Rate 7%
$241,557
$241.6K
Cap Rate 9%
$187,878
$187.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$2.2K −$2.24/SF
EGI
$24.2K $24.16/SF
− OpEx
−$7.2K −$7.25/SF
NOI
$16.9K $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%
$338,180
Cap Rate 7%
$241,557
Cap Rate 9%
$187,878
Alternative Uses
Best Use
Retail
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 183.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 386.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space in prime South of Fifth location.
Where is this retail space located?
The property is located at 110 Washington Ave CU-7 Miami Beach, FL.
What are key features of this property?
This property features: Prime Location: Steps from Pura Vida and next to JetSet Pilates on Washington Ave in the exclusive South of 5th Street area.; Versatile Space: Suitable for retail or office use, offering flexibility for various business types.; Outdoor Seating Potential: Opportunity for outdoor seating, ideal for a coffee shop or similar establishment.
