Open-Plan Retail
For Sale
Contact for pricing
275 NE 18th # 06 Unit CU-06, Miami, FL 33132
Open-plan retail space offered on a triple-net basis at a Miami commercial address.
Property Size18,781 SF
Price / SF$0.00
Days on Market58
Property Features for 275 NE 18th # 06 Unit CU-06
General Information
Standard status
Active
Size
18,781 SF
Property subtype
Retail
Building Details
Building Size
18,781 SF
Listing Agency:
Xfera Realty Group, LLC.
Listed By:
Oreste Leccese Guerrero · License #3392288
(305) 781-6490
Source:
Batrare
Added: Aug 21
Changed: Oct 17
Last Checked: Oct 16 at 6:29PM
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 Xfera Realty Group, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,595-square-foot retail space is arranged with an open layout and offered under a triple-net structure. The configuration can accommodate a range of commercial concepts identified for the property, including a barber shop, gym, personal training studio, cigar lounge, coin laundry, dry cleaner, showroom, wellness suite, retail boutique, sales gallery, consulting studio, real estate office, or law office.
The property is located at 275 NE 18th # 06, Unit CU-06, in Miami, Florida 33132. The source information also identifies Biscayne Boulevard as the commercial corridor associated with the space.
The property is located at 275 NE 18th # 06, Unit CU-06, in Miami, Florida 33132. The source information also identifies Biscayne Boulevard as the commercial corridor associated with the space.
Key Highlights
- 1,595‑square‑foot retail space
- Triple‑net lease structure
- Open interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$612,743
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,254,860
$12.3M
Cap Rate 7%
$8,753,471
$8.8M
Cap Rate 9%
$6,808,256
$6.8M
Market Conditions
NOI Build-Up for 18,781 SF
Gross rent
$975.9K $51.96/SF
− Vacancy
−$100.5K −$5.35/SF
EGI
$875.3K $46.61/SF
− OpEx
−$262.6K −$13.98/SF
NOI
$612.7K $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%
$12,254,860
Cap Rate 7%
$8,753,471
Cap Rate 9%
$6,808,256
Alternative Uses
Best Use
Retail
$8.75M
$7.66M – $10.21M
NOI $612,743 @ 7.0% cap · market cap 972,607.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.68M
$11.09M – $14.79M
NOI $887,411 @ 7.0% cap · market cap 1,408,588.89%
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
5,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan retail space offered on a triple-net basis at a Miami commercial address.
Where is this retail space located?
The property is located at 275 NE 18th # 06 Unit CU-06 Miami, FL.
What are key features of this property?
This property features: 1,595‑square‑foot retail space; Triple‑net lease structure; Open interior layout
