Ground-Floor Storefront with Window
For Sale
$425,000
136 NW 26th Street #U.101, Miami, FL 33127
Ground-floor commercial suite with a bathroom, storage, polished concrete flooring, and high ceilings.
Property Size30,000 SF
Price / SF$792.91
Days on Market57
Property Features for 136 NW 26th Street #U.101
General Information
Standard status
Active
Size
30,000 SF
Zoning
6107
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$3,776
Amenities
windows wall
high ceiling
bathroom
storage
polish concrete floor
Building Details
Building Size
30,000 SF
Year Built
2022
Listing Agency:
Collins International Prop.
(786) 630-9899
Listed By:
Thibaut Rives De Lavaysse
(786) 630-9899
Source:
Laerrealty
Added: Jul 6
Changed: Aug 31
Last Checked: Aug 31 at 12:17AM
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 Collins International Prop.
Investment Insights
Based on property information with market context.
Located at 136 NW 26th Street in Miami’s Wynwood Arts District, this ground-floor storefront offers 536 square feet within a 5-story building completed in 2022. The suite includes a full window wall, high ceilings, a bathroom, dedicated storage, and polished concrete flooring. Zoning is identified as 6107.
The property is near Wynwood Walls, The Shops at Midtown, and Mana Wynwood Convention Center. Miami Design District, Adrienne Arsht Center, and FTX Arena are described as under 10 minutes away, while Brickell and Miami International Airport are approximately 15 minutes away.
The property is near Wynwood Walls, The Shops at Midtown, and Mana Wynwood Convention Center. Miami Design District, Adrienne Arsht Center, and FTX Arena are described as under 10 minutes away, while Brickell and Miami International Airport are approximately 15 minutes away.
Key Highlights
- 536 SF ground‑floor storefront
- Full window wall and high ceilings
- Bathroom and storage included
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
$17,487
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
4.11%
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%
$349,740
$349.7K
Cap Rate 7%
$249,814
$249.8K
Cap Rate 9%
$194,300
$194.3K
Market Conditions
NOI Build-Up for 536 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
$27.9K $51.96/SF
− Vacancy
−$2.9K −$5.35/SF
EGI
$25.0K $46.61/SF
− OpEx
−$7.5K −$13.98/SF
NOI
$17.5K $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 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%
$349,740
Cap Rate 7%
$249,814
Cap Rate 9%
$194,300
Alternative Uses
Best Use
Retail
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$361.8K
$316.6K – $422.1K
NOI $25,326 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,248
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor commercial suite with a bathroom, storage, polished concrete flooring, and high ceilings.
Where is this storefront property located?
The property is located at 136 NW 26th Street #U.101 Miami, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 536 SF ground‑floor storefront; Full window wall and high ceilings; Bathroom and storage included
