Retail Condominium with Double-Height
New
For Sale
$1,785,000
136 NW 26TH STREET C.U. 1, Miami, FL 33127
Vacant ground-level space combines an open layout with a glass storefront and is ready for customization.
Property Size1,774 SF
Price / SF$1,006
Days on Market3
Property Features for 136 NW 26TH STREET C.U. 1
General Information
Standard status
Active
Size
1,774 SF
Property subtype
Commercial
Site & Location
Neighborhood
Wynwood Industrial District
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground
Building Details
Building Size
1,774 SF
Year Built
2023
Stories
1
Units
1
Listing Agency:
Optimar International Realty
Listed By:
Ginna Rojas · License #3175274
(305) 710-6015
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:32PM
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 Optimar International Realty
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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 1,774-square-foot retail condominium occupies the ground floor and is offered vacant. The open floor plan, expansive glass storefront, and 22'8" ceiling provide a distinctive interior configuration. The building was completed in 2023 and includes 34 short-term residential condominium units above the retail space.
Located at 136 NW 26th Street in Miami, the property has a Bike Score of 86, Walk Score of 92, and Transit Score of 79. Access to Midtown, the Miami Design District, Downtown Miami, Brickell, and I-95 is noted in the property information. A Carnegie Mellon University Miami campus is planned for the area.
Located at 136 NW 26th Street in Miami, the property has a Bike Score of 86, Walk Score of 92, and Transit Score of 79. Access to Midtown, the Miami Design District, Downtown Miami, Brickell, and I-95 is noted in the property information. A Carnegie Mellon University Miami campus is planned for the area.
Key Highlights
- 1,774‑square‑foot ground‑floor retail condominium
- 22'8" double‑height ceiling, expansive glass storefront, and open floor plan
- Vacant and ready for customization
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,878
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,560
$1.2M
Cap Rate 7%
$826,829
$826.8K
Cap Rate 9%
$643,089
$643.1K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$92.2K $51.96/SF
− Vacancy
−$9.5K −$5.35/SF
EGI
$82.7K $46.61/SF
− OpEx
−$24.8K −$13.98/SF
NOI
$57.9K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,560
Cap Rate 7%
$826,829
Cap Rate 9%
$643,089
Alternative Uses
Best Use
Retail
$826.8K
$723.5K – $964.6K
NOI $57,878 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,822 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Vacant ground-level space combines an open layout with a glass storefront and is ready for customization.
Where is this retail space located?
The property is located at 136 NW 26TH STREET C.U. 1 Miami, FL.
What is the asking price?
The asking price for this property is $1,785,000.
What are key features of this property?
This property features: 1,774‑square‑foot ground‑floor retail condominium; 22'8" double‑height ceiling, expansive glass storefront, and open floor plan; Vacant and ready for customization
