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    Miami Mixed-Use Development Opportunity Title is generated by Realmo AI

    230 NW 71st St, Miami, FL 33150

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    Located in Little River/Little Haiti, a rapidly transforming area.

    Type:Industrial, Retail
    Property size:
    7,084 SF
    Price / SF:
    $564/SF
    Added:
    Feb 9, 2026
    Days on Market:
    139
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 230 NW 71st St

    General Information

    Standard status
    Active
    Size
    7,084 SF
    Property subtype
    Industrial, Retail

    Building Details

    Year Built
    1949

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    Juan Andres Nava
    Juan Andres Nava

    Listing office Metro 1 Commercial (Metro 1)

    Listing date Feb 9, 2026

    Source Crexi

    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 Metro 1 Commercial (Metro 1)

    HighLights

    • Located in Little River/Little Haiti, named the 'coolest neighborhood in Miami' by Time Out Magazine.
    • Significant development potential with T5‑O zoning, allowing for up to 5 stories of development.
    • Potential to increase net rents to $45-$55 PSF NNN by rolling over rents to market rates.
    • Surrounded by popular restaurants, entertainment venues, and cultural destinations.
    • Close proximity to several large‑scale development projects.
    • Across the street from a city block acquired by AJ Capital.

    Overview

    Located at 230 NW 71 Street, Miami, FL, this property is situated in the Little River/Little Haiti area, recently recognized as a vibrant neighborhood. The area is undergoing a transformation from industrial to creative office, retail, restaurants, breweries, showrooms, and other cultural uses. The property is zoned T5-O, which allows for a range of innovative and industrial businesses, as well as the potential for 5 stories of development. Several large-scale projects are underway in the area. These include the 349-unit Sixty Uptown at Magic City Innovation District, AJ Capital’s 27-acre mixed-use development, Cedar Street’s 191-unit project, Swerdlow’s mega development, Yakol’s HOUSE by Shigeru Ban, and Midtown Capital’s 348-unit project. Additionally, directly across the street, AJ Capital acquired the entire city block and is planning to reposition its existing buildings in the short term. The property consists of 7,084 square feet. The spaces have been renovated to cater to innovative and modern businesses that require creative spaces within an ecosystem staged for collaboration and creativity.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $368.1k $51.96
    − Vacancy −$37.9k −$5.35
    EGI $330.2k $46.61
    − OpEx −$99.1k −$13.98
    NOI $231.1k $32.63
    7,084 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.30M
    $2.89M – $3.85M (±1% cap)
    NOI $231,120 @ 7.0% cap · market cap 5.78%
    Second Best
    Office B
    $2.90M
    $2.54M – $3.39M (±1% cap)
    NOI $203,222 @ 7.0% cap · market cap 5.08%
    Theoretical Best
    Specialty Retail
    $4.78M
    $4.18M – $5.58M (±1% cap)
    NOI $334,722 @ 7.0% cap · market cap 8.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Helmet One - Motor ... Auto Parts Store FRM Studio Marketing & Advertising Jenny Perez Art Corporate Office Frames and Stretchers Little ... (Bike/Boat/Book/etc) Store Art Space 305 Art Studio

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.121155
    Latitude
    25.855871

    FAQs

    What type of property is this?
    Mixed-use property - Located in Little River/Little Haiti, a rapidly transforming area.
    Where is this mixed-use property located?
    The property is located at 230 NW 71st St Miami, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Located in Little River/Little Haiti, named the 'coolest neighborhood in Miami' by Time Out Magazine.; Significant development potential with T5‑O zoning, allowing for up to 5 stories of development.; Potential to increase net rents to $45-$55 PSF NNN by rolling over rents to market rates.
    (954) 864-6274 Call to check price and availability
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