Building Details

Tenancy Single

Listing Agency: Paramount International Real Estate d***@davidsellsmiami.com Show Phone

Listed By: David Garcia · License #Bk3240649

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 10:03PM

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Investment Insights

Based on property information with market context.

This retail property spans four folios and includes more than 20 parking spaces. The space is currently leased to a franchise, with the lease scheduled to expire in November. The property is associated with a reported 6 cap rate, subject to verification.

Located at 6827 SW 40th St., the property is positioned near Bird Road and 68 Avenue and next to the future Ludlam Trail. The existing lease term may also support consideration by an owner-user after expiration.

Key Highlights

• >20 parking spaces
• Four‑folio retail property
• Currently leased to a franchise

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Tanning Salon Veterinary Clinic Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,141

Businesses Nearby

Explore this area Business Placement

Demographics for 33155, FL

43,695

Population

16,046

Households

2.7

Avg Household Size

45

Median Age

37%

College-Educated

85%

High-School Grad

7.4 sq mi

ZIP Area

5,905

Density / Sq Mi

$79,271

Median Household Income

$41,919

Median Earnings

$1,871

Median Rent

$505,000

Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with more than 20 parking spaces and a lease scheduled to expire in November.

Where is this retail space located?

The property is located at 6827 SW 40th St Miami, FL.

What are key features of this property?

This property features: >20 parking spaces; Four‑folio retail property; Currently leased to a franchise