Ground-Floor Bank
150 SE 2nd Avenue Suites 101 & 102, Miami, FL 33131
For Sale
Contact for pricing
Corporate-guaranteed occupancy runs through September 2032, with one five-year renewal option.
Property Size9,622 SF
Price / SF$1,009
Days on Market55
Property Features for 150 SE 2nd Avenue Suites 101 & 102
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Corner Location
Traffic Count
Highway Access
Additional Details
Floor
Asking Price
Building Details
Tenancy
Listing Agency:
AG Real Estate Advisors LLC
Listed By:
Rodrigo Gomez · License FL #0703084
(305) 794-2655
Source:
Crexi
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 10 at 9:08AM
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 AG Real Estate Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor bank condominium comprises 9,622 square feet within the Chase Bank Building. JPMorgan Chase Bank, N.A. occupies the space in full under a corporate guaranty through September 15, 2032, with one remaining five-year option. The lease includes contractual annual escalations of 3%. Building signage rights are included in the condominium ownership.
The property occupies the corner of SE 2nd Avenue and SE 2nd Street at 150 SE 2nd Avenue, Suites 101 and 102, in Miami. The remarks report more than 30,000 vehicles per day on SE 2nd Avenue and two-way I-95 access one block south. Nearby destinations named in the property information include the Hyatt Regency Miami, JW Marriott Marquis, Whole Foods Market, Miami Tower, Bayfront Park, Kaseya Arena and the Miami-Dade College Wolfson Campus.
The property occupies the corner of SE 2nd Avenue and SE 2nd Street at 150 SE 2nd Avenue, Suites 101 and 102, in Miami. The remarks report more than 30,000 vehicles per day on SE 2nd Avenue and two-way I-95 access one block south. Nearby destinations named in the property information include the Hyatt Regency Miami, JW Marriott Marquis, Whole Foods Market, Miami Tower, Bayfront Park, Kaseya Arena and the Miami-Dade College Wolfson Campus.
Key Highlights
- 9,622‑square‑foot ground‑floor bank condominium
- 100% occupied by JPMorgan Chase Bank, N.A., under a corporate guaranty through September 15, 2032
- One five‑year option remains; contractual annual rent escalations are 3%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$454,644
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,092,880
$9.1M
Cap Rate 7%
$6,494,914
$6.5M
Cap Rate 9%
$5,051,600
$5.1M
Market Conditions
NOI Build-Up for 9,622 SF
Gross rent
$615.4K $63.96/SF
− Vacancy
−$9.2K −$0.96/SF
EGI
$606.2K $63.00/SF
− OpEx
−$151.5K −$15.75/SF
NOI
$454.6K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,092,880
Cap Rate 7%
$6,494,914
Cap Rate 9%
$5,051,600
Alternative Uses
Best Use
Specialty Retail
$6.49M
$5.68M – $7.58M
NOI $454,644 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$4.48M
$3.92M – $5.23M
NOI $313,924 @ 7.0% cap · market cap 3.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33131, FL
26,213
Population
18,872
Households
1.4
Avg Household Size
37
Median Age
77%
College-Educated
98%
High-School Grad
0.5 sq mi
ZIP Area
52,426
Density / Sq Mi
$143,114
Median Household Income
$86,331
Median Earnings
$2,847
Median Rent
$621,700
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Bank - Corporate-guaranteed occupancy runs through September 2032, with one five-year renewal option.
Where is this bank located?
The property is located at 150 SE 2nd Avenue Suites 101 & 102 Miami, FL.
What is the asking price?
The asking price for this property is $9,712,180.
What are key features of this property?
This property features: 9,622‑square‑foot ground‑floor bank condominium; 100% occupied by JPMorgan Chase Bank, N.A., under a corporate guaranty through September 15, 2032; One five‑year option remains; contractual annual rent escalations are 3%
