Building Details

Year Built 2007

Tenancy Single

Listing Agency: Partnership Realty Inc.

Listed By: Yisel Hernandez · License #3649498 Show Phone

Source: Mymiahomes

Added: Jul 28 Changed: Oct 25 Last Checked: Oct 7 at 2:35PM

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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 Partnership Realty Inc.

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Investment Insights

Based on property information with market context.

This retail space includes office and storefront improvements designed for a flexible range of uses. The layout features a prominent storefront entrance, an office, a conference room, a bathroom, and a dedicated coffee area with modern amenities and high-end finishes. The property also includes expansion potential with a possible second floor.

The asset is located at 15420 SW 136th St 3, Miami, FL 33196. BikeScore is 28 (Somewhat Bikeable) and WalkScore is 9 (Car-Dependent).

Built in 2007, the property is offered for sale together with the established Expedia Cruises franchise business that operates with the commercial property, providing an ownership option that combines business operations and real estate.

Key Highlights

• Prominent storefront entrance with office, conference room, bathroom, and coffee area
• Modern amenities and high‑end finishes throughout
• Expansion potential includes a possible second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,882

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$877,640 $877.6K

Cap Rate 7%

$626,886 $626.9K

Cap Rate 9%

$487,578 $487.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,345 SF

Gross rent

$69.9K $51.96/SF

− Vacancy

−$7.2K −$5.35/SF

EGI

$62.7K $46.61/SF

− OpEx

−$18.8K −$13.98/SF

NOI

$43.9K $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%

$877,640

Cap Rate 7%

$626,886

Cap Rate 9%

$487,578

Alternative Uses

Best Use

Retail

$626.9K

$548.5K – $731.4K (±1% cap)

NOI $43,882 @ 7.0% cap · market cap 3.90%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$907.9K

$794.4K – $1.06M (±1% cap)

NOI $63,552 @ 7.0% cap · market cap 5.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Alpha Pro Center Gym & Fitness Center Cunano Builders Corporation Construction Company Wheels & More Photography Service Che Carne Distributors ... Take-out & Catering Auto Crew Transmission ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Building Supply Spa & Massage Center

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

438

Businesses Nearby

Explore this area Business Placement

Demographics for 33196, FL

52,786

Population

17,713

Households

3

Avg Household Size

39

Median Age

38%

College-Educated

90%

High-School Grad

52.2 sq mi

ZIP Area

1,011

Density / Sq Mi

$93,370

Median Household Income

$46,729

Median Earnings

$2,114

Median Rent

$457,300

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 features a prominent storefront entrance plus office, conference room, bathroom, and a coffee area.

Where is this retail space located?

The property is located at 15420 SW 136th St 3 Miami, FL.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Prominent storefront entrance with office, conference room, bathroom, and coffee area; Modern amenities and high‑end finishes throughout; Expansion potential includes a possible second floor