Versatile Commercial Space Near
For Sale
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1779 SW 3 RD AVE, Miami, FL 33129
Approximately 1,500 SF space near major transit routes.
Property Size1,500 SF
Price / SF$4.53
Days on Market194
Property Features for 1779 SW 3 RD AVE
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Brickell
Amenities
Lot Size Square Feet: 43556
Sewer Type: Municipal
Percentage of Tax that is Deductable: 0
Has Central AC: 1
Electric Heat Fuel
Sale, Sale Type: Foreclosure
Community Parking
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Marleny Zapata · License #3147458
(305) 598-5488
Source:
Doyle-realty
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 24 at 5:10PM
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 Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This commercial space offers approximately 1,500 square feet suitable for various businesses, including a travel agency, real estate office, medical facility, supply store, or gym. The location on Coral Way, adjacent to West Brickell, provides convenient access to I-95, U.S. 1, Coral Gables, Coconut Grove, and Brickell. The property features multiple parking spaces. Operating expenses are $300. The location has a bike score of 79, indicating it is very bikeable, a walk score of 100, designating it as a walker's paradise, and a transit score of 97, identifying it as a rider's paradise.
Key Highlights
- Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 100.
- Rider's Paradise: Benefit from excellent public transportation options with a Transit Score of 97.
- Outstanding Location: Situated on Coral Way near West Brickell, I‑95, U.S.1, Coral Gables, Coconut Grove, and Brickell.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,939
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,780
$978.8K
Cap Rate 7%
$699,129
$699.1K
Cap Rate 9%
$543,767
$543.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$77.9K $51.96/SF
− Vacancy
−$8.0K −$5.35/SF
EGI
$69.9K $46.61/SF
− OpEx
−$21.0K −$13.98/SF
NOI
$48.9K $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%
$978,780
Cap Rate 7%
$699,129
Cap Rate 9%
$543,767
Alternative Uses
Best Use
Retail
$699.1K
$611.7K – $815.7K
NOI $48,939 @ 7.0% cap · market cap 719.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 1,042.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
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
Frequently Asked Questions
What type of property is this?
Retail space - Approximately 1,500 SF space near major transit routes.
Where is this retail space located?
The property is located at 1779 SW 3 RD AVE Miami, FL.
What are key features of this property?
This property features: Walker's Paradise: Enjoy exceptional walkability with a Walk Score of 100.; Rider's Paradise: Benefit from excellent public transportation options with a Transit Score of 97.; Outstanding Location: Situated on Coral Way near West Brickell, I‑95, U.S.1, Coral Gables, Coconut Grove, and Brickell.
