Retail Strip Center with 10
For Sale
$20,999,999
275 Ne 18th St Cu02-cu10, Miami, FL 33132
Fully occupied retail property anchored by Chase Bank and next to a Publix supermarket.
Property Size20,000 SF
Price / SF$1,049
Days on Market11
Property Features for 275 Ne 18th St Cu02-cu10
General Information
Standard status
Active
Size
20,000 SF
Zoning
6402
Occupancy
100%
Site & Location
Neighborhood
Edgewater
Corner Location
Yes
Anchor Co-Tenants
Chase Bank, Publix Supermarket
Additional Details
Tenant in Place
Yes
Amenities
Concrete
true
10
Flood Zone
Public
51178
36
1.36
false
Assigned,Common,Covered
City Street
20000
1
11
Building Details
Building Size
20,000 SF
Stories
1
Tenancy
Multi
Listing Agency:
(352) 604-3245
Listed By:
Cristina Alonzo
Source:
Floridasateamrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:25PM
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 Cristina Alonzo
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Investment Insights
Based on property information with market context.
This Miami retail center contains 10 leased storefronts with a mix of established tenants. Chase Bank anchors the property, and a Publix supermarket is located next door. The property is classified as a strip mall and carries zoning designation 6402.
The center is on Biscayne Boulevard in Miami’s Edgewater neighborhood. More than 10,000 residential units are located within a 1-mile radius, providing a sizeable nearby population. The property address is 275 NE 18th St, CU02-CU10, Miami, FL 33132.
The center is on Biscayne Boulevard in Miami’s Edgewater neighborhood. More than 10,000 residential units are located within a 1-mile radius, providing a sizeable nearby population. The property address is 275 NE 18th St, CU02-CU10, Miami, FL 33132.
Key Highlights
- 10 retail spaces, all leased
- Chase Bank anchors the tenant mix
- Adjacent to Publix Supermarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$652,514
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,050,280
$13.1M
Cap Rate 7%
$9,321,629
$9.3M
Cap Rate 9%
$7,250,156
$7.3M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$1.04M $51.96/SF
− Vacancy
−$107.0K −$5.35/SF
EGI
$932.2K $46.61/SF
− OpEx
−$279.6K −$13.98/SF
NOI
$652.5K $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%
$13,050,280
Cap Rate 7%
$9,321,629
Cap Rate 9%
$7,250,156
Alternative Uses
Best Use
Retail
$9.32M
$8.16M – $10.88M
NOI $652,514 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.50M
$11.81M – $15.75M
NOI $945,009 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail property anchored by Chase Bank and next to a Publix supermarket.
Where is this strip mall located?
The property is located at 275 Ne 18th St Cu02-cu10 Miami, FL.
What is the asking price?
The asking price for this property is $20,999,999.
What are key features of this property?
This property features: 10 retail spaces, all leased; Chase Bank anchors the tenant mix; Adjacent to Publix Supermarket
