Prime Retail Space on Coral
2292 SW 22nd St Miami, FL 33145
2292 SW 22nd St, Miami, FL, 33145
$2,499,000
For Sale
$2,499,000
6,000 SF retail space in a high-growth Miami corridor.
Property Size6,000 SF
Price / SF$416.50
Days on Market464
Property Features for 2292 SW 22nd St
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1946
Listing Agency
BHHS EWM Realty
(305) 965-9242
Listed by
Jeannie Montes de Oca · License #3031590
(305) 965-9242
Source
Exitrealty
Added: Apr 10, 2025 Checked: May 28 at 1:49 pm
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This property is located on the Coral Way corridor and offers two units totaling 6,000 square feet, including 4,500 square feet of ground-level space and a 1,500 square foot mezzanine. Situated between Downtown Miami, Brickell, and Coral Gables, the building is located in a rapidly growing area with new residential developments, boutique businesses, and dining options. The property provides accessibility to Miami International Airport, I-95, and Key Biscayne. Coral Way is known for bespoke retail, artisanal shops, and curated experiences.
Key Highlights
- Prime location on Coral Way, a high‑visibility corridor experiencing rapid growth.
- Substantial 6,000 sq ft space with 4,500 sq ft on the ground floor and a 1,500 sq ft mezzanine.
- Centrally located between Downtown Miami, Brickell, and Coral Gables.
Local Financial Insights For Retail
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 | $311.8k | $51.96 |
| − Vacancy | −$32.1k | −$5.35 |
| EGI | $279.6k | $46.61 |
| − OpEx | −$83.9k | −$13.98 |
| NOI | $195.8k | $32.63 |
6,000 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.80M
$2.45M – $3.26M
NOI $195,754 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.05M
$3.54M – $4.73M
NOI $283,503 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 6,000 SF retail space in a high-growth Miami corridor.
Where is this retail space located?
The property is located at 2292 SW 22nd St Miami, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Prime location on Coral Way, a high‑visibility corridor experiencing rapid growth.; Substantial 6,000 sq ft space with **4,500 sq ft on the ground floor and a 1,500 sq ft mezzanine**.; Centrally located between Downtown Miami, Brickell, and Coral Gables.
