Remodeled Storefront Retail
216 NW 11th St, Miami, FL 33136
For Sale
Contact for pricing
Two remodeled units offer flexible layouts with patio potential for retail, office, fitness, beauty, or creative uses.
Property Size37,500 SF
Price / SF$0.07
Days on Market228
Property Features for 216 NW 11th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
patio area
Building Details
Building Size
Year Built
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Antonio Saladrigas · License #3502121
(305) 753-4200
Source:
Allyandaj
Added: Mar 27
Changed: Oct 31
Last Checked: Nov 8 at 2:32PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This storefront property contains two fully remodeled commercial units measuring 761 SF and 408 SF. The spaces can accommodate retail, office, fitness, beauty, and creative uses, while the existing patio creates an option for outdoor seating. Ownership is open to supporting grease trap and hood installation for qualifying food and beverage concepts.
The property is located in Miami’s Overtown neighborhood, near Eleven, Club Space, Red Rooster Overtown, and The Pool Hall. One West Twelve, a 23-story luxury residential development, is also nearby. Originally built in 1958, the property combines updated interiors with a range of potential commercial configurations.
The property is located in Miami’s Overtown neighborhood, near Eleven, Club Space, Red Rooster Overtown, and The Pool Hall. One West Twelve, a 23-story luxury residential development, is also nearby. Originally built in 1958, the property combines updated interiors with a range of potential commercial configurations.
Key Highlights
- Two remodeled storefront units measuring 761 SF and 408 SF
- Flexible commercial layouts for retail, office, fitness, beauty, and creative uses
- Patio area supports potential outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,223,463
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,469,260
$24.5M
Cap Rate 7%
$17,478,043
$17.5M
Cap Rate 9%
$13,594,033
$13.6M
Market Conditions
NOI Build-Up for 37,500 SF
Gross rent
$1.95M $51.96/SF
− Vacancy
−$200.7K −$5.35/SF
EGI
$1.75M $46.61/SF
− OpEx
−$524.3K −$13.98/SF
NOI
$1.22M $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%
$24,469,260
Cap Rate 7%
$17,478,043
Cap Rate 9%
$13,594,033
Alternative Uses
Best Use
Retail
$17.48M
$15.29M – $20.39M
NOI $1,223,463 @ 7.0% cap · market cap 48,938.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$25.31M
$22.15M – $29.53M
NOI $1,771,892 @ 7.0% cap · market cap 70,875.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,157
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33136, FL
15,439
Population
7,994
Households
1.9
Avg Household Size
36
Median Age
25%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
11,028
Density / Sq Mi
$43,481
Median Household Income
$34,130
Median Earnings
$1,337
Median Rent
$352,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Miami, FL
Properties on Market for Storefront properties in Miami
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - Two remodeled units offer flexible layouts with patio potential for retail, office, fitness, beauty, or creative uses.
Where is this storefront property located?
The property is located at 216 NW 11th St Miami, FL.
What are key features of this property?
This property features: Two remodeled storefront units measuring 761 SF and 408 SF; Flexible commercial layouts for retail, office, fitness, beauty, and creative uses; Patio area supports potential outdoor seating
