Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 S Royal Poinciana Blvd Miami Springs, FL 33166

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $20,172,000

    Fully stabilized retail property with national and local tenants.

    Property Features for 1 S Royal Poinciana Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Rayza Perez
    Source: Exprealty

    Listing Agency: Dwntwn Realty Advisors LLC Listing Agent: Rayza Perez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Retail Investment Property

    This is a fully stabilized triple net core retail investment property featuring 26,947 square feet of rentable retail space. The space is evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property has a mix of national credit tenants and local tenants. The property includes fifteen food and beverage, health and beauty, medical, service, and specialty tenants. The average lease term remaining is over 10 years. All new leases include 3% yearly increases, and some offer renewal options. Seller financing is available with a $9 million loan at 4.5% for three to five years.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Thrift Boutique & Consignment, Coin Cloud Bitcoin ATM, Coin Laundry, Coin Cloud Bitcoin ATM, City Center

    Location Insight

    • Map
    • Local Demand
    City
    Miami Springs
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.282286
    Latitude
    25.82238

    Nearby Similar for Sale

    • $8,150,000
      16,826 SF

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • $8,150,000

      Historic Miami Springs Multifamily Investment

      Historic 23-unit multifamily property in prime Miami Springs location.
      200 Azure Way, Miami Springs, FL 33166
      View Details
    • $1,000,000
      Pending

      Miami Springs Multifamily Investment Opportunity

      7-unit multifamily property in Miami Springs with investment potential.
      Miami Springs, FL 33166
      View Details
    • $1,000,000
      Pending

      Miami Springs Multifamily Investment Opportunity

      Seven-unit multifamily property in a desirable Miami location.
      Miami Springs, FL 33166
      View Details
    • $1,500,000

      Miami Springs Office Warehouse For Sale

      2,849 SF office warehouse near Miami Airport and SR 112.
      660 Miller Dr, Miami Springs, FL 33166
      View Details
    • $1,700,000

      Updated Multifamily Property in Miami Springs

      Recently updated 5-unit multifamily property in a desirable location.
      157 Curtiss Pkwy, Miami Springs, FL 33166
      View Details
    • $20,172,000

      Renovated Retail Investment Property

      Fully stabilized retail property with long-term tenants in Miami Springs.
      1 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • $1,700,000

      Turnkey Restaurant on Poinciana Blvd

      Fully equipped restaurant for sale in high-visibility Miami Springs location.
      365 N Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Downtown Miami Springs Retail/Office Space

      Renovated retail and office spaces in downtown Miami Springs.
      10 S Royal Poinciana Blvd, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Miami Springs Office Space Available

      Office space for rent in the heart of Miami Springs.
      186 Westward Dr, Miami Springs, FL 33166
      View Details
    • $775,000

      Miami Springs Income Opportunity

      Duplex with two 2-bedroom units, new roof and A/C.
      633 De Soto Dr, Miami Springs, FL 33166
      View Details
    • Contact for pricing

      Retail Space Near Airport

      Retail space in high-traffic area near Miami International Airport.
      5245 Unit, Miami Springs, FL 33166
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fully stabilized retail property with national and local tenants.
    Where is this shopping center located?
    The property is located at 1 S Royal Poinciana Blvd Miami Springs, FL.
    What is the asking price?
    The asking price for this property is $20,172,000.
    What are key features of this property?
    This property features: - Fully stabilized triple net (NNN) core retail investment property.; - Fully occupied property with a robust merchandising plan and a well-balanced mix of national credit tenants and tenured local tenants.; - **Average lease term of over 10 years remaining.**
    (786) 325-9928
    Request Owner's contact information
    1 S Royal Poinciana Blvd Miami Springs, FL 33166
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 S Royal Poinciana Blvd
    Miami Springs, FL 33166
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 S Royal Poinciana Blvd Miami Springs, FL 33166
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rayza Perez
    (786) 325-9928
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.