North Beach Retail
240 71st Street, Miami Beach, FL 33141
For Sale
Contact for pricing
The 1980-built space offers 4,500 square feet at 71st Street and Collins Avenue.
Property Size4,500 SF
Price / SF$2.22
Days on Market566
Property Features for 240 71st Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Metro Realty USA LLC
Listed By:
Lior Lev · License #3545389
(305) 420-5580
Source:
Emporiore
Added: Apr 23, 2025
Changed: Nov 6
Last Checked: Nov 8 at 3:30PM
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 Realty USA LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,500-square-foot retail space was built in 1980 and is located at 240 71st Street in Miami Beach. The property sits at the intersection of 71st Street and Collins Avenue.
The surrounding area includes Palma Residences, a planned 21-story mixed-use tower at 72nd Street and Park Avenue, and the North Beach Town Center. The source also identifies a Target and public garage as part of the Town Center plans.
The surrounding area includes Palma Residences, a planned 21-story mixed-use tower at 72nd Street and Park Avenue, and the North Beach Town Center. The source also identifies a Target and public garage as part of the Town Center plans.
Key Highlights
- 4,500 square feet of retail space
- Built in 1980
- At the intersection of 71st Street and Collins Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,091
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,820
$1.5M
Cap Rate 7%
$1,087,014
$1.1M
Cap Rate 9%
$845,456
$845.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$118.8K $26.40/SF
− Vacancy
−$10.1K −$2.24/SF
EGI
$108.7K $24.16/SF
− OpEx
−$32.6K −$7.25/SF
NOI
$76.1K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,820
Cap Rate 7%
$1,087,014
Cap Rate 9%
$845,456
Alternative Uses
Best Use
Retail
$1.09M
$951.1K – $1.27M
NOI $76,091 @ 7.0% cap · market cap 760.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,813 @ 7.0% cap · market cap 1,598.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
Market
Average Price Trend$/SF for Retail space in Miami Beach, FL
Properties on Market for Retail space in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The 1980-built space offers 4,500 square feet at 71st Street and Collins Avenue.
Where is this retail space located?
The property is located at 240 71st Street Miami Beach, FL.
What are key features of this property?
This property features: 4,500 square feet of retail space; Built in 1980; At the intersection of 71st Street and Collins Avenue
