Brickell Retail Asset For
For Sale
$935,867
239 SW 9th St 101, Miami, FL 33130
Street-level retail space in the heart of Brickell.
Property Size886 SF
Price / SF$1,056
Days on Market138
Property Features for 239 SW 9th St 101
General Information
Standard status
Active
Size
886 SF
Property subtype
Commercial
Building Details
Building Size
886 SF
Year Built
2023
Listing Agency:
Habitat Realty LLC
(786) 521-8144
Listed By:
Javier Motta · License #3265070
(786) 521-8144
Source:
Elliman
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 8 at 6:29AM
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 Habitat Realty LLC
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a street-level retail asset located in the heart of Brickell at Smart Brickell Tower I. The two-story commercial space, consisting of the first floor and a mezzanine, features modern finishes and floor-to-ceiling glass, providing exceptional visibility and strong pedestrian exposure. Situated in one of Miami’s fastest-growing urban districts, the space is currently designed for a coffee shop concept and has an occupancy capacity of 33 people. The property encompasses approximately 886 square feet and is currently leased on a 3-year term, providing immediate income with an approximate 4.5% cap rate. For buyers seeking flexibility, the tenant’s early termination may be negotiated, allowing the space to be delivered vacant if preferred. Located steps from Brickell City Centre, Mary Brickell Village, and major office towers, the property benefits from constant foot traffic and proximity to Miami’s financial district. This is a unique opportunity to own retail real estate in one of the most desirable commercial corridors in Miami, ideal for café, boutique hospitality, or specialty retail concepts.
Key Highlights
- Prime Brickell location with high pedestrian traffic
- Steps from Brickell City Centre and Mary Brickell Village
- Street‑level retail space with exceptional visibility and modern finishes, including floor‑to‑ceiling glass
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,864
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,280
$837.3K
Cap Rate 7%
$598,057
$598.1K
Cap Rate 9%
$465,156
$465.2K
Market Conditions
NOI Build-Up for 886 SF
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.
Gross rent
$56.7K $63.96/SF
− Vacancy
−$850 −$0.96/SF
EGI
$55.8K $63.00/SF
− OpEx
−$14.0K −$15.75/SF
NOI
$41.9K $47.25/SF
Area
Miami, FL
Vacancy
1.50%
Lease Rate
$63.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$837,280
Cap Rate 7%
$598,057
Cap Rate 9%
$465,156
Alternative Uses
Best Use
Specialty Retail
$598.1K
$523.3K – $697.7K
NOI $41,864 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$412.9K
$361.3K – $481.8K
NOI $28,906 @ 7.0% cap · market cap 3.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15,952
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail space in the heart of Brickell.
Where is this retail space located?
The property is located at 239 SW 9th St 101 Miami, FL.
What is the asking price?
The asking price for this property is $935,867.
What are key features of this property?
This property features: Prime Brickell location with high pedestrian traffic; Steps from Brickell City Centre and Mary Brickell Village; Street‑level retail space with exceptional visibility and modern finishes, including floor‑to‑ceiling glass
