Ground-Floor Retail
New
For Sale
Contact for pricing
12-1 Curtiss Pkwy, Miami Springs, FL 33166
The premises include existing interior improvements and are offered in their current condition, subject to use and permitting requirements.
Property Size139,158 SF
Price / SF$0.00
Days on Market7
Property Features for 12-1 Curtiss Pkwy
General Information
Standard status
Active
Size
139,158 SF
Additional Details
Highway Access
Yes
Listing Agency:
Colonial Investment Properties LLC
(305) 663-8999
Listed By:
Angelica Silva · License #A11929485
(305) 323-0248
Source:
Exprealty
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 2:33PM
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 Colonial Investment Properties LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Ground-floor retail premises at Springs Town Center include existing interior improvements and are offered in their current condition. The mixed-use project contains 51 residential apartments and approximately 23,000 SF of retail and commercial space, placing the space within a combined residential and commercial setting.
The property is at 12-1 Curtiss Pkwy in Miami Springs, along Hook Square. Customer parking is available at the development, with access to Miami International Airport, major highways, and nearby residential areas. Any occupancy plans remain subject to the intended use and applicable permitting requirements.
The property is at 12-1 Curtiss Pkwy in Miami Springs, along Hook Square. Customer parking is available at the development, with access to Miami International Airport, major highways, and nearby residential areas. Any occupancy plans remain subject to the intended use and applicable permitting requirements.
Key Highlights
- Ground‑floor retail space within Springs Town Center
- Existing interior improvements; offered in current condition
- Mixed‑use project includes 51 residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,353,050
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,061,000
$47.1M
Cap Rate 7%
$33,615,000
$33.6M
Cap Rate 9%
$26,145,000
$26.1M
Market Conditions
NOI Build-Up for 139,158 SF
Gross rent
$3.67M $26.40/SF
− Vacancy
−$312.3K −$2.24/SF
EGI
$3.36M $24.16/SF
− OpEx
−$1.01M −$7.25/SF
NOI
$2.35M $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%
$47,061,000
Cap Rate 7%
$33,615,000
Cap Rate 9%
$26,145,000
Alternative Uses
Best Use
Retail
$33.62M
$29.41M – $39.22M
NOI $2,353,050 @ 7.0% cap · market cap 6,723,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$70.60M
$61.78M – $82.37M
NOI $4,942,051 @ 7.0% cap · market cap 14,120,145.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 34%
Dining 9%
Apparel 3%
Publix
Groceries
55,324 visits/mo
0.3 miles
Tom Thumb Food Stores
Shops & Services
27,076 visits/mo
0.1 miles
Chase Bank
Shops & Services
20,776 visits/mo
0.5 miles
Bank of America
Shops & Services
12,775 visits/mo
0.2 miles
Starbucks
Dining
8,581 visits/mo
0.1 miles
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The premises include existing interior improvements and are offered in their current condition, subject to use and permitting requirements.
Where is this retail space located?
The property is located at 12-1 Curtiss Pkwy Miami Springs, FL.
What are key features of this property?
This property features: Ground‑floor retail space within Springs Town Center; Existing interior improvements; offered in current condition; Mixed‑use project includes 51 residential apartments
