Retail Suite with Central
15500 SW 72nd Street #15648, Miami, FL 33193
For Sale
Contact for pricing
The unit includes a restroom and central air conditioning.
Property Size47,254 SF
Price / SF$0.07
Days on Market54
Property Features for 15500 SW 72nd Street #15648
General Information
Standard status
Size
Property subtype
Amenities
central A/C
Building Details
Year Built
Listing Agency:
First Nel Corporation
(954) 589-5651
Listed By:
Nelson E Sayegh · License #3260449
(786) 315-1421
Source:
Wycliffecommunityrealty
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 3:04PM
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 First Nel Corporation
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Investment Insights
Based on property information with market context.
This 1,007-square-foot retail unit at Nelsay Plaza has one bathroom and central air conditioning. The property was built in 2002 and is located at 15500 SW 72nd Street, Miami, Florida.
Key Highlights
- 1,007‑square‑foot retail unit
- Central air conditioning and one bathroom
- Property built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,541,694
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,833,880
$30.8M
Cap Rate 7%
$22,024,200
$22.0M
Cap Rate 9%
$17,129,933
$17.1M
Market Conditions
NOI Build-Up for 47,254 SF
Gross rent
$2.46M $51.96/SF
− Vacancy
−$252.9K −$5.35/SF
EGI
$2.20M $46.61/SF
− OpEx
−$660.7K −$13.98/SF
NOI
$1.54M $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%
$30,833,880
Cap Rate 7%
$22,024,200
Cap Rate 9%
$17,129,933
Alternative Uses
Best Use
Retail
$22.02M
$19.27M – $25.69M
NOI $1,541,694 @ 7.0% cap · market cap 44,048.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.90M
$27.91M – $37.21M
NOI $2,232,773 @ 7.0% cap · market cap 63,793.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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Business Placement
Demographics for 33193, FL
47,619
Population
16,322
Households
2.9
Avg Household Size
42
Median Age
30%
College-Educated
79%
High-School Grad
7.6 sq mi
ZIP Area
6,266
Density / Sq Mi
$74,646
Median Household Income
$40,205
Median Earnings
$1,789
Median Rent
$422,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The unit includes a restroom and central air conditioning.
Where is this retail space located?
The property is located at 15500 SW 72nd Street #15648 Miami, FL.
What are key features of this property?
This property features: 1,007‑square‑foot retail unit; Central air conditioning and one bathroom; Property built in 2002
