Two-Story Coffee
For Sale
$935,867
239 SW 9th St Unit 101, Miami, FL 33130
Street-level space features floor-to-ceiling glass, modern finishes, and pedestrian exposure.
Property Size886 SF
Price / SF$1,056
Days on Market130
Property Features for 239 SW 9th St Unit 101
General Information
Standard status
Active
Size
886 SF
Additional Details
Floor
1st floor + mezzanine
Cap Rate
4.5%
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Habitat Realty LLC
(786) 521-8144
Listed By:
Javier A Motta · License #3265070
Source:
Chenoregroup
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 25 at 4:17AM
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 street-level coffee shop space occupies the first floor and mezzanine of Smart Brickell Tower I. The approximately 886-square-foot layout is configured for a coffee shop concept, with floor-to-ceiling glass, modern finishes, and an occupancy capacity of 33 people. The property was built in 2023 and is currently leased under a 3-year term, with an approximate 4.5% cap rate. Early lease termination may be negotiated if vacant delivery is preferred.
The property is located at 239 SW 9th St, Unit 101, in Miami’s Brickell district. Brickell City Centre, Mary Brickell Village, major office towers, and Miami’s financial district are nearby. The surrounding context supports consideration of café, boutique hospitality, and specialty retail uses, subject to applicable requirements.
The property is located at 239 SW 9th St, Unit 101, in Miami’s Brickell district. Brickell City Centre, Mary Brickell Village, major office towers, and Miami’s financial district are nearby. The surrounding context supports consideration of café, boutique hospitality, and specialty retail uses, subject to applicable requirements.
Key Highlights
- Two‑story commercial layout with first floor and mezzanine
- Approximately 886 SF with occupancy capacity of 33 people
- Currently leased on a 3‑year term
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
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15,952
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stephen Cafes — 189 M-Path, Miami, FL 33129
- ST. AUGUSTINE COUNTRY CLUB, LLC — 33 SW 18th Terrace, Miami, FL 33129
- Gosia's Coffee Shop — 1581 Brickell Ave, Miami, FL 33129
- The Juice Spot — 1800 SW 1st Ave #104, Miami, FL 33129
- Threefold Cafe Brickell — 1441 Brickell Ave Suite 310, Miami, FL 33131
Frequently Asked Questions
What type of property is this?
Coffee shop - Street-level space features floor-to-ceiling glass, modern finishes, and pedestrian exposure.
Where is this coffee shop located?
The property is located at 239 SW 9th St Unit 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: Two‑story commercial layout with first floor and mezzanine; Approximately 886 SF with occupancy capacity of 33 people; Currently leased on a 3‑year term
