Miami Beach Commercial
For Sale
$1,600,000
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$500
Days on Market98
Property Features for 5401 Collins Ave CU-9
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 378-1850
Listed By:
Antonio Saladrigas · License #A11847788
(786) 378-1850
Source:
Elliman
Added: Apr 24
Changed: Jul 6
Last Checked: Jul 29 at 8:27AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.9k | $45.60 |
| − Vacancy | −$32.8k | −$10.26 |
| EGI | $113.1k | $35.34 |
| − OpEx | −$28.3k | −$8.84 |
| NOI | $84.8k | $26.51 |
3,200 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,816 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,645 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $1,600,000.
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).
