Prime Retail Space in
For Sale
$1,398,000
170 SE 14th St CU2, Miami, FL 33131
1200 sq ft retail space in exclusive Sail on Brickell.
Property Size1,200 SF
Lot Size10.86 Acres
Price / SF$1,165
Days on Market218
Property Features for 170 SE 14th St CU2
General Information
Standard status
Active
Size
1,200 SF
Lot size
10.86 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,660
Building Details
Building Size
1,200 SF
Year Built
2006
Listing Agency:
ILLUSTRIOUS REALTY & INVEST.
Listed By:
Saul Delgado · License #A11246737
(786) 290-0778
Source:
Elliman
Added: Mar 10
Changed: Oct 6
Last Checked: Oct 12 at 8:49PM
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 ILLUSTRIOUS REALTY & INVEST.
Investment Insights
Based on property information with market context.
This is a 1200 square foot commercial retail space located in Sail on Brickell. The surrounding area features upscale condos, shopping, hotels, and stores. The monthly COA is $695.
Key Highlights
- Prime commercial retail space in Brickell
- Located in the center of upscale condos, shopping, and hotels
- Low monthly COA of $695
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,151
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,020
$783.0K
Cap Rate 7%
$559,300
$559.3K
Cap Rate 9%
$435,011
$435.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$62.4K $51.96/SF
− Vacancy
−$6.4K −$5.35/SF
EGI
$55.9K $46.61/SF
− OpEx
−$16.8K −$13.98/SF
NOI
$39.2K $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%
$783,020
Cap Rate 7%
$559,300
Cap Rate 9%
$435,011
Alternative Uses
Best Use
Retail
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$810.0K
$708.8K – $945.0K
NOI $56,701 @ 7.0% cap · market cap 4.06%
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
11,621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 1200 sq ft retail space in exclusive Sail on Brickell.
Where is this retail space located?
The property is located at 170 SE 14th St CU2 Miami, FL.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Prime commercial retail space in Brickell; Located in the center of upscale condos, shopping, and hotels; Low monthly COA of $695
