Signalized Intersection Retail
For Sale
Contact for pricing
1190 W Flagler St, Miami, FL 33130
Large-format retail space with substantial street exposure and convenient walk, bicycle, and transit access.
Property Size17,049 SF
Price / SF$0.00
Days on Market157
Property Features for 1190 W Flagler St
General Information
Standard status
Active
Size
17,049 SF
Property subtype
Retail
Building Details
Building Size
17,049 SF
Year Built
1957
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Antonio Saladrigas · License #3502121
(786) 378-1850
Source:
Casacollectiongroup
Added: May 18
Changed: Oct 18
Last Checked: Oct 19 at 4:47PM
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
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Investment Insights
Based on property information with market context.
This retail space provides over 17,000 SF for a large-format commercial operation. The property was built in 1957 and offers nearly 300 feet of frontage along Flagler Street, with access positioned at a signalized intersection.
Located at 1190 W Flagler St in Miami, the site records more than 40,000 cars passing daily. WalkScore is 93, BikeScore is 62, and TransitScore is 54, reflecting established pedestrian, bicycle, and transit connectivity. The property is situated in the Little Havana market and can accommodate a substantial retail or medical presence.
Located at 1190 W Flagler St in Miami, the site records more than 40,000 cars passing daily. WalkScore is 93, BikeScore is 62, and TransitScore is 54, reflecting established pedestrian, bicycle, and transit connectivity. The property is situated in the Little Havana market and can accommodate a substantial retail or medical presence.
Key Highlights
- Over 17,000 SF of retail space
- Nearly 300 feet of frontage along Flagler Street
- More than 40,000 cars passing daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$556,235
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,124,700
$11.1M
Cap Rate 7%
$7,946,214
$7.9M
Cap Rate 9%
$6,180,389
$6.2M
Market Conditions
NOI Build-Up for 17,049 SF
Gross rent
$885.9K $51.96/SF
− Vacancy
−$91.2K −$5.35/SF
EGI
$794.6K $46.61/SF
− OpEx
−$238.4K −$13.98/SF
NOI
$556.2K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,124,700
Cap Rate 7%
$7,946,214
Cap Rate 9%
$6,180,389
Alternative Uses
Best Use
Retail
$7.95M
$6.95M – $9.27M
NOI $556,235 @ 7.0% cap · market cap 1,854,116.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.51M
$10.07M – $13.43M
NOI $805,573 @ 7.0% cap · market cap 2,685,243.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,038
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Large-format retail space with substantial street exposure and convenient walk, bicycle, and transit access.
Where is this retail space located?
The property is located at 1190 W Flagler St Miami, FL.
What are key features of this property?
This property features: Over 17,000 SF of retail space; Nearly 300 feet of frontage along Flagler Street; More than 40,000 cars passing daily
