Commercial
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1306 NE 125th St, North Miami, FL 33161
The 3,334-square-foot space was previously used as a barbershop.
Property Size3,334 SF
Price / SF$0.75
Days on Market5
Property Features for 1306 NE 125th St
General Information
Standard status
Active
Size
3,334 SF
Property subtype
Flex Space
Site & Location
Neighborhood
Downtown North Miami
Taxes and HOA fees
Annual Taxes
$11,773
Building Details
Building Size
3,334 SF
Year Built
1957
Listing Agency:
RE Florida Homes
Listed By:
Christopher Evan · License #3453026
(786) 754-7020
Source:
Casacollectiongroup
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 3:16PM
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 RE Florida Homes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,334-square-foot commercial storefront in North Miami was built in 1957 and formerly housed a barbershop. The property is located at 1306 NE 125th St.
Key Highlights
- 3,334 square feet of commercial space
- Built in 1957
- Previously occupied by a barbershop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,500
$1.1M
Cap Rate 7%
$805,357
$805.4K
Cap Rate 9%
$626,389
$626.4K
Market Conditions
NOI Build-Up for 3,334 SF
Gross rent
$88.0K $26.40/SF
− Vacancy
−$7.5K −$2.24/SF
EGI
$80.5K $24.16/SF
− OpEx
−$24.2K −$7.25/SF
NOI
$56.4K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,500
Cap Rate 7%
$805,357
Cap Rate 9%
$626,389
Alternative Uses
Best Use
Retail
$805.4K
$704.7K – $939.6K
NOI $56,375 @ 7.0% cap · market cap 2,255.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,404 @ 7.0% cap · market cap 4,736.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Greynolds Flower Shop — 408 NE 125th St, North Miami, FL 33161
- Quince Florist & Flower Delivery North Miami FL — 12655 fl-915, north miami, fl 33161
Frequently Asked Questions
What type of property is this?
Storefront property - The 3,334-square-foot space was previously used as a barbershop.
Where is this storefront property located?
The property is located at 1306 NE 125th St North Miami, FL.
What are key features of this property?
This property features: 3,334 square feet of commercial space; Built in 1957; Previously occupied by a barbershop
