Retail Space with Window
1203 71st Street, Miami Beach, FL 33141
For Sale
Contact for pricing
Open-plan layout includes two private bathrooms and a rear entrance.
Property Size1,200 SF
Price / SF$2.71
Days on Market62
Property Features for 1203 71st Street
General Information
Standard status
Size
Property subtype
Amenities
wall of windows
2 private bathrooms
rear entrance
wired for cable/network
new roof
freshly painted exterior
new storefront windows with hurricane shutters
new central air conditioning
private front walkway
Building Details
Year Built
Listing Agency:
Urban Resource LLC
(786) 620-2727
Listed By:
Daniel Veitia · License #3079893
(786) 620-2700
Source:
Isaacsrealestate
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 2:50PM
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 Urban Resource LLC
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Investment Insights
Based on property information with market context.
This 1,200-square-foot retail space offers an open interior, two private bathrooms and a separate rear entrance. The storefront has a broad window frontage, and the space is wired for cable and network service. Central air conditioning is installed.
The property faces 71st Street in Miami Beach’s Normandy Fountain District. Exterior improvements include a new roof, fresh paint, replacement storefront windows and hurricane shutters. A private walkway leads to the front entrance.
The property faces 71st Street in Miami Beach’s Normandy Fountain District. Exterior improvements include a new roof, fresh paint, replacement storefront windows and hurricane shutters. A private walkway leads to the front entrance.
Key Highlights
- 1,200 square feet of open retail space
- Two private bathrooms and a rear entrance
- Broad storefront windows facing 71st Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,291
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,820
$405.8K
Cap Rate 7%
$289,871
$289.9K
Cap Rate 9%
$225,456
$225.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$2.7K −$2.24/SF
EGI
$29.0K $24.16/SF
− OpEx
−$8.7K −$7.25/SF
NOI
$20.3K $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%
$405,820
Cap Rate 7%
$289,871
Cap Rate 9%
$225,456
Alternative Uses
Best Use
Retail
$289.9K
$253.6K – $338.2K
NOI $20,291 @ 7.0% cap · market cap 624.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.8K
$532.7K – $710.3K
NOI $42,617 @ 7.0% cap · market cap 1,311.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami Beach, FL
Properties on Market for Retail space in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan layout includes two private bathrooms and a rear entrance.
Where is this retail space located?
The property is located at 1203 71st Street Miami Beach, FL.
What are key features of this property?
This property features: 1,200 square feet of open retail space; Two private bathrooms and a rear entrance; Broad storefront windows facing 71st Street
