Open-Layout Retail
For Sale
Contact for pricing
1203 W Flagler ST, Miami, FL 33135
Open configuration offers flexibility for retail and other permitted commercial uses, including medical, showroom, and gallery applications.
Property Size22,500 SF
Days on Market50
Property Features for 1203 W Flagler ST
General Information
Standard status
Active
Size
22,500 SF
Property subtype
Retail
Site & Location
Neighborhood
Orange Bowl
Building Details
Building Size
22,500 SF
Listing Agency:
Real Estate Sales Force
Listed By:
Antonio Cristobal · License #3253230
Source:
Luxeknows
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 6:05PM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
This retail space provides approximately 3,000 SF in an open configuration and is currently arranged for retail operations. The layout can accommodate other permitted commercial uses, with medical, showroom, and gallery applications identified as possibilities. A separate detached building adds another 1,000 SF for users needing additional area.
The property occupies a corner location at 1203 W Flagler ST, with street parking available nearby. The surrounding access arrangement provides convenient entry for customers, employees, and clients.
The property occupies a corner location at 1203 W Flagler ST, with street parking available nearby. The surrounding access arrangement provides convenient entry for customers, employees, and clients.
Key Highlights
- Approximately 3,000 SF of open‑layout retail space
- Detached 1,000 SF building provides additional area
- Currently configured for retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$734,078
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,681,560
$14.7M
Cap Rate 7%
$10,486,829
$10.5M
Cap Rate 9%
$8,156,422
$8.2M
Market Conditions
NOI Build-Up for 22,500 SF
Gross rent
$1.17M $51.96/SF
− Vacancy
−$120.4K −$5.35/SF
EGI
$1.05M $46.61/SF
− OpEx
−$314.6K −$13.98/SF
NOI
$734.1K $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%
$14,681,560
Cap Rate 7%
$10,486,829
Cap Rate 9%
$8,156,422
Alternative Uses
Best Use
Retail
$10.49M
$9.18M – $12.23M
NOI $734,078 @ 7.0% cap · market cap 7,340.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.19M
$13.29M – $17.72M
NOI $1,063,135 @ 7.0% cap · market cap 10,631.35%
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
3,125
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
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 Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Open configuration offers flexibility for retail and other permitted commercial uses, including medical, showroom, and gallery applications.
Where is this retail space located?
The property is located at 1203 W Flagler ST Miami, FL.
What are key features of this property?
This property features: Approximately 3,000 SF of open‑layout retail space; Detached 1,000 SF building provides additional area; Currently configured for retail use
