230 NW 71st St, Miami, FL 33150
Located in Little River/Little Haiti, a rapidly transforming area.
- 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
Listing office Metro 1 Commercial (Metro 1) (954) 864-6274
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.121155
- Latitude
- 25.855871