Multi-Level Retail/Office
5401 Collins Ave Cu-9 Miami Beach, FL 33140
For Sale
$1,600,000
Fully remodeled multi-level suite within the Carriage House, offering office space and six dedicated parking spaces.
Property Size3,200 SF
Price / SF$500
Days on Market11
Property Features for 5401 Collins Ave Cu-9
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
1967
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 378-1850
Listed By:
Antonio Saladrigas · License #A11847788
Source:
Mymiahomes
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 21 at 8:48AM
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 within the Carriage House at 5401 Collins Avenue, Suite CU9, this multi-level commercial suite is offered for sale. The space is commercially zoned for office and retail use and features a majority that has been fully remodeled, designed to reduce immediate capital expenditure for a new owner. The unit is currently stabilized, operating with a bespoke tailor and an upstairs office area.
The suite’s direct oceanfront orientation is positioned to serve an affluent residential corridor. The property is also described as having access to resort-style building amenities, supporting day-to-day tenant operations.
A key practical advantage is the presence of six dedicated parking spaces, a high-value rarity noted for the submarket in the property remarks.
The suite’s direct oceanfront orientation is positioned to serve an affluent residential corridor. The property is also described as having access to resort-style building amenities, supporting day-to-day tenant operations.
A key practical advantage is the presence of six dedicated parking spaces, a high-value rarity noted for the submarket in the property remarks.
Key Highlights
- 3,200 SF multi‑level commercial suite in the Carriage House with office and retail zoning
- Mostly fully remodeled interior, minimizing immediate capital expenditure for a new owner
- Currently stabilized with a tenant (bespoke tailor) plus an upstairs 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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully remodeled multi-level suite within the Carriage House, offering office space and six dedicated parking spaces.
Where is this office units 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: 3,200 SF multi‑level commercial suite in the Carriage House with office and retail zoning; Mostly fully remodeled interior, minimizing immediate capital expenditure for a new owner; Currently stabilized with a tenant (bespoke tailor) plus an upstairs office
