Corner Retail Storefront
For Sale
Contact for pricing
260 Crandon Blvd # A51, Key Biscayne, FL 33149
Highly visible corner unit located at the main entrance of an open-air shopping center.
Property Size1,109 SF
Price / SF$8.57
Days on Market97
Property Features for 260 Crandon Blvd # A51
General Information
Standard status
Active
Size
1,109 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$14,447
Building Details
Building Size
1,109 SF
Year Built
1981
Listing Agency:
Great Properties International LLC
Listed By:
Fernando Echeverri · License #3045300
(305) 458-6101
Source:
Casacollectiongroup
Added: Jul 13
Changed: Oct 17
Last Checked: Oct 16 at 6:00PM
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 Great Properties International 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 corner retail storefront suite offers strong visibility as it is positioned at the main entrance of The Square, an open-air shopping center. The unit’s placement on a primary corridor supports prominent exposure for everyday foot traffic through the plaza entrance.
The Square is an established commercial center with 55 units and a tenant mix that includes restaurants, boutiques, salons, and professional offices. The center’s open-air configuration is designed around easy pedestrian access throughout the plaza.
The property is offered for sale as a specific unit within the broader shopping center, providing an opportunity to secure a storefront location within a diversified, long-standing retail environment.
The Square is an established commercial center with 55 units and a tenant mix that includes restaurants, boutiques, salons, and professional offices. The center’s open-air configuration is designed around easy pedestrian access throughout the plaza.
The property is offered for sale as a specific unit within the broader shopping center, providing an opportunity to secure a storefront location within a diversified, long-standing retail environment.
Key Highlights
- Highly visible corner unit at The Square, located at the main entrance of the open‑air shopping center
- Corner location provides exposure on Crandon Boulevard, the island’s primary corridor
- The Square open‑air shopping center includes 55 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,752
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,040
$375.0K
Cap Rate 7%
$267,886
$267.9K
Cap Rate 9%
$208,356
$208.4K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$29.3K $26.40/SF
− Vacancy
−$2.5K −$2.24/SF
EGI
$26.8K $24.16/SF
− OpEx
−$8.0K −$7.25/SF
NOI
$18.8K $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%
$375,040
Cap Rate 7%
$267,886
Cap Rate 9%
$208,356
Alternative Uses
Best Use
Retail
$267.9K
$234.4K – $312.5K
NOI $18,752 @ 7.0% cap · market cap 197.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.6K
$492.3K – $656.4K
NOI $39,385 @ 7.0% cap · market cap 414.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33149, FL
14,847
Population
7,514
Households
2
Avg Household Size
43
Median Age
74%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
3,159
Density / Sq Mi
$171,982
Median Household Income
$76,530
Median Earnings
$3,501
Median Rent
$1,231,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- L’Esplanade Mall — 901 Crandon Blvd, Key Biscayne, FL 33149
- Key Biscayne Shopping Center — Crandon Blvd, Key Biscayne, FL 33149
- Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 602 Crandon Blvd, Key Biscayne, FL 33149
- The Square — 260 Crandon Blvd, Key Biscayne, FL 33149
- The Galleria Shopping Center — Key Biscayne, FL 33149
Frequently Asked Questions
What type of property is this?
Shopping center - Highly visible corner unit located at the main entrance of an open-air shopping center.
Where is this shopping center located?
The property is located at 260 Crandon Blvd # A51 Key Biscayne, FL.
What are key features of this property?
This property features: Highly visible corner unit at The Square, located at the main entrance of the open‑air shopping center; Corner location provides exposure on Crandon Boulevard, the island’s primary corridor; The Square open‑air shopping center includes 55 units
