Retail Space with Rear
2617 W Flagler St, Miami, FL 33135
For Sale
Contact for pricing
Rear parking provides convenient access for customers and staff at this Miami commercial property.
Property Size6,030 SF
Price / SF$0.41
Days on Market217
Property Features for 2617 W Flagler St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Floridian First Realty Corp
Listed By:
Lais Same · License #3570917
(786) 280-8680
Source:
Insidenetworkco
Added: Apr 7
Changed: Nov 7
Last Checked: Nov 8 at 2:06PM
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 Floridian First Realty Corp
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 850 +/- square foot retail space includes parking at the rear of the property. The building dates to 1950 and is located on West Flagler Street in Miami.
Nearby businesses include a beauty salon, barber shop, jewelry store, smoke shop, and restaurant.
Nearby businesses include a beauty salon, barber shop, jewelry store, smoke shop, and restaurant.
Key Highlights
- 850 +/- SF retail space
- Rear parking available
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,733
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,934,660
$3.9M
Cap Rate 7%
$2,810,471
$2.8M
Cap Rate 9%
$2,185,922
$2.2M
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$313.3K $51.96/SF
− Vacancy
−$32.3K −$5.35/SF
EGI
$281.0K $46.61/SF
− OpEx
−$84.3K −$13.98/SF
NOI
$196.7K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,934,660
Cap Rate 7%
$2,810,471
Cap Rate 9%
$2,185,922
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,733 @ 7.0% cap · market cap 7,869.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.07M
$3.56M – $4.75M
NOI $284,920 @ 7.0% cap · market cap 11,396.80%
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
3,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Rear parking provides convenient access for customers and staff at this Miami commercial property.
Where is this retail space located?
The property is located at 2617 W Flagler St Miami, FL.
What are key features of this property?
This property features: 850 +/- SF retail space; Rear parking available; Built in 1950
