Retail Space with High
New
For Sale
Contact for pricing
1759 Bay Rd, Miami Beach, FL 33139
A ground-floor commercial unit has an accessible restroom and an existing tenant through the end of 2026.
Property Size8,000 SF
Price / SF$0.01
Days on Market4
Property Features for 1759 Bay Rd
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Site & Location
Neighborhood
South Miami Beach
Additional Details
Floor
Ground
Tenant in Place
Yes
Amenities
ADA-accessible bathroom
30-foot-high ceilings
Building Details
Building Size
8,000 SF
Year Built
1937
Tenancy
Single
Listing Agency:
Florida Select Realty
Listed By:
Oscar Gastaudo · License #3214705
(786) 515-8229
Source:
Batrare
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 11:00AM
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 Florida Select Realty
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Investment Insights
Based on property information with market context.
This retail space offers approximately 1,850 square feet in an open configuration, with 30-foot ceilings and an ADA-accessible bathroom. Entry is at street level, with no stairs. The building dates to 1937.
A boutique fitness, health, and wellness business currently occupies the space under a tenancy that runs through December 31, 2026. There is no on-site parking; public parking is available nearby. Tours are by advance appointment coordinated through the listing agent, and visitors should not approach the tenant directly.
A boutique fitness, health, and wellness business currently occupies the space under a tenancy that runs through December 31, 2026. There is no on-site parking; public parking is available nearby. Tours are by advance appointment coordinated through the listing agent, and visitors should not approach the tenant directly.
Key Highlights
- Approximately 1,850 square feet of open retail space
- 30‑foot ceilings
- Street‑level entry with no stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,480
$2.7M
Cap Rate 7%
$1,932,486
$1.9M
Cap Rate 9%
$1,503,044
$1.5M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$211.2K $26.40/SF
− Vacancy
−$18.0K −$2.24/SF
EGI
$193.2K $24.16/SF
− OpEx
−$58.0K −$7.25/SF
NOI
$135.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,480
Cap Rate 7%
$1,932,486
Cap Rate 9%
$1,503,044
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,274 @ 7.0% cap · market cap 180,365.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,112 @ 7.0% cap · market cap 378,816.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,829
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A ground-floor commercial unit has an accessible restroom and an existing tenant through the end of 2026.
Where is this retail space located?
The property is located at 1759 Bay Rd Miami Beach, FL.
What are key features of this property?
This property features: Approximately 1,850 square feet of open retail space; 30‑foot ceilings; Street‑level entry with no stairs
