Retail Space with Prominent
For Sale
$1,125,000
15420 SW 136th St 3, Miami, FL 33196
Retail space features a prominent storefront entrance plus office, conference room, bathroom, and a coffee area.
Property Size1,345 SF
Price / SF$836.43
Days on Market48
Property Features for 15420 SW 136th St 3
General Information
Standard status
Active
Size
1,345 SF
Additional Details
Business Included
Yes
Amenities
office
conference room
bathroom
coffee area
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Partnership Realty Inc.
Listed By:
Yisel Hernandez
(305) 832-9381
Source:
Mymiahomes
Added: Jul 28
Changed: Sep 8
Last Checked: Sep 13 at 11:51AM
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.
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.
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 = 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
$43,882
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
3.90%
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%
$877,640
$877.6K
Cap Rate 7%
$626,886
$626.9K
Cap Rate 9%
$487,578
$487.6K
Market Conditions
NOI Build-Up for 1,345 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
$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 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%
$877,640
Cap Rate 7%
$626,886
Cap Rate 9%
$487,578
Alternative Uses
Best Use
Retail
$626.9K
$548.5K – $731.4K
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
NOI $63,552 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
