Miami Beach Commercial
For Sale
$1,450,000
5401 Collins Ave CU-9, Miami Beach, FL 33140
3,200 SF commercial space in prime Miami Beach location.
Property Size3,200 SF
Price / SF$453.13
Days on Market144
Property Features for 5401 Collins Ave CU-9
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Building Size
3,200 SF
Year Built
1967
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Antonio Saladrigas · License #3502121
(786) 378-1850
Source:
Elliman
Added: Apr 24
Changed: Sep 11
Last Checked: Sep 13 at 8:58AM
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
Investment Insights
Based on property information with market context.
Located in the heart of Miami Beach’s "Millionaire’s Row," 5401 Collins Avenue, Suite CU9, is a 3,200-square-foot multi-level commercial asset within the Carriage House. Commercially zoned for office and retail use, the space is uniquely positioned to serve an affluent residential corridor and benefits from a direct oceanfront orientation. The majority of the interior has been fully remodeled, minimizing immediate capital expenditure for a new owner and ensuring the space meets modern professional standards. Currently stabilized with a bespoke tailor and an upstairs office, the unit provides immediate cash flow alongside six dedicated parking spaces—a high-value rarity in this submarket that significantly enhances tenant retention and long-term valuation. This turn-key investment combines a prestigious waterfront location with full access to resort-style building amenities and a high-density, captive customer base. The location has a bike score of 70, making it very bikeable, a walk score of 91, making it a walker's paradise, and a transit score of 54, indicating good transit.
Key Highlights
- Direct oceanfront location on prestigious Millionaire's Row in Miami Beach.
- Commercially zoned for office and retail, serving an affluent residential area.
- Turn‑key investment with immediate cash flow from existing tenants (bespoke tailor and office).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,696,320
$1.7M
Cap Rate 7%
$1,211,657
$1.2M
Cap Rate 9%
$942,400
$942.4K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$145.9K $45.60/SF
− Vacancy
−$32.8K −$10.26/SF
EGI
$113.1K $35.34/SF
− OpEx
−$28.3K −$8.84/SF
NOI
$84.8K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,696,320
Cap Rate 7%
$1,211,657
Cap Rate 9%
$942,400
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,816 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,645 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 3,200 SF commercial space in prime Miami Beach location.
Where is this retail space located?
The property is located at 5401 Collins Ave CU-9 Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Direct oceanfront location on prestigious Millionaire's Row in Miami Beach.; Commercially zoned for office and retail, serving an affluent residential area.; Turn‑key investment with immediate cash flow from existing tenants (bespoke tailor and office).
