Class A Corner Retail
For Sale
$22,000,000
275 NE 18th Street #CU02CU10, Miami, FL 33132
Corner Class A retail asset with 10 fully-leased storefronts, anchored by Chase Bank and adjacent to Publix.
Property Size18,781 SF
Price / SF$1,171
Days on Market38
Property Features for 275 NE 18th Street #CU02CU10
General Information
Standard status
Active
Size
18,781 SF
Class
A
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Tenancy
Multi
Listing Agency:
Xfera Realty Group, LLC.
(305) 781-6490
Listed By:
Oreste Leccese Guerrero · License #3392288
(305) 781-6490
Source:
Laerrealty
Added: Jul 1
Changed: Jul 10
Last Checked: Aug 7 at 12:54AM
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 Xfera Realty Group, LLC.
Investment Insights
Based on property information with market context.
This for-sale retail strip totals 18,781 SF and is positioned as a Class A corner property. The building is configured with 10 fully-leased retail spaces, supported by an established tenant mix. Chase Bank serves as the anchor tenant, reinforcing the property’s institutional-grade tenancy profile.
The asset is located on Biscayne Boulevard in Miami’s Edgewater neighborhood. It is positioned adjacent to Publix Supermarket, and its corner positioning is designed to capture visibility and convenient customer access along one of the area’s prominent retail corridors.
For prospective buyers, the property offers a turnkey retail setup with all units leased and anchored by a major bank. The adjacency to Publix and the presence of a dense residential base within a 1-mile radius can support consistent local demand for neighborhood-oriented retail offerings.
The asset is located on Biscayne Boulevard in Miami’s Edgewater neighborhood. It is positioned adjacent to Publix Supermarket, and its corner positioning is designed to capture visibility and convenient customer access along one of the area’s prominent retail corridors.
For prospective buyers, the property offers a turnkey retail setup with all units leased and anchored by a major bank. The adjacency to Publix and the presence of a dense residential base within a 1-mile radius can support consistent local demand for neighborhood-oriented retail offerings.
Key Highlights
- 18,781 SF Class A corner retail asset on Biscayne Boulevard in Miami’s Edgewater neighborhood
- 10 fully‑leased retail spaces with an established tenant mix generating stable cash flow
- Anchored by Chase Bank and positioned adjacent to Publix Supermarket
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
$887,411
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
4.03%
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%
$17,748,220
$17.7M
Cap Rate 7%
$12,677,300
$12.7M
Cap Rate 9%
$9,860,122
$9.9M
Market Conditions
NOI Build-Up for 18,781 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
$1.20M $63.96/SF
− Vacancy
−$18.0K −$0.96/SF
EGI
$1.18M $63.00/SF
− OpEx
−$295.8K −$15.75/SF
NOI
$887.4K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /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%
$17,748,220
Cap Rate 7%
$12,677,300
Cap Rate 9%
$9,860,122
Alternative Uses
Best Use
Specialty Retail
$12.68M
$11.09M – $14.79M
NOI $887,411 @ 7.0% cap · market cap 4.03%
Second Best
Retail
$8.75M
$7.66M – $10.21M
NOI $612,743 @ 7.0% cap · market cap 2.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Corner Class A retail asset with 10 fully-leased storefronts, anchored by Chase Bank and adjacent to Publix.
Where is this strip mall located?
The property is located at 275 NE 18th Street #CU02CU10 Miami, FL.
What is the asking price?
The asking price for this property is $22,000,000.
What are key features of this property?
This property features: 18,781 SF Class A corner retail asset on Biscayne Boulevard in Miami’s Edgewater neighborhood; 10 fully‑leased retail spaces with an established tenant mix generating stable cash flow; Anchored by Chase Bank and positioned adjacent to Publix Supermarket
