Street-Level Retail Storefront with Large
28 W Flagler St # 102, Miami, FL 33130
For Sale
Contact for pricing
Street-level retail space with a raw open layout and large storefront windows for strong natural light and customer appeal.
Property Size84,382 SF
Price / SF$0.00
Days on Market264
Property Features for 28 W Flagler St # 102
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Building Details
Building Size
Year Built
Listing Agency:
Realty Hub
Listed By:
Alan Waserstein · License FL #0438224
(786) 703-1731
Source:
Casacollectiongroup
Added: Feb 20
Changed: Oct 31
Last Checked: Nov 10 at 4:07PM
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 Realty Hub
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Investment Insights
Based on property information with market context.
Position your business at the center of Downtown Miami’s revitalization with this high-visibility street-level retail opportunity at 28 W Flagler Street, Suite 102. The space features an open, raw layout that can support a range of retail, showroom, food, or creative concepts. Large storefront windows provide street presence and natural light, supporting branding and customer engagement.
The location places the space directly across from the Miami-Dade County Courthouse and within easy reach of major transit, offices, and government hubs. Built in 1968, the property offers a street-facing setup designed for walk-up activity and visibility along one of Miami’s heavily trafficked commercial corridors.
With its storefront glazing and flexible interior shell, this suite is well-suited for operators looking for a prominent downtown storefront presence.
The location places the space directly across from the Miami-Dade County Courthouse and within easy reach of major transit, offices, and government hubs. Built in 1968, the property offers a street-facing setup designed for walk-up activity and visibility along one of Miami’s heavily trafficked commercial corridors.
With its storefront glazing and flexible interior shell, this suite is well-suited for operators looking for a prominent downtown storefront presence.
Key Highlights
- Street‑level retail opportunity at 28 W Flagler St, Suite 102
- Directly across from the Miami‑Dade County Courthouse
- Open, raw layout suited for retail, showroom, food, or creative concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,753,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,060,400
$55.1M
Cap Rate 7%
$39,328,857
$39.3M
Cap Rate 9%
$30,589,111
$30.6M
Market Conditions
NOI Build-Up for 84,382 SF
Gross rent
$4.38M $51.96/SF
− Vacancy
−$451.6K −$5.35/SF
EGI
$3.93M $46.61/SF
− OpEx
−$1.18M −$13.98/SF
NOI
$2.75M $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%
$55,060,400
Cap Rate 7%
$39,328,857
Cap Rate 9%
$30,589,111
Alternative Uses
Best Use
Retail
$39.33M
$34.41M – $45.88M
NOI $2,753,020 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$56.96M
$49.84M – $66.45M
NOI $3,987,087 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,901
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Miami, FL
Properties on Market for Storefront properties in Miami
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - Street-level retail space with a raw open layout and large storefront windows for strong natural light and customer appeal.
Where is this storefront property located?
The property is located at 28 W Flagler St # 102 Miami, FL.
What are key features of this property?
This property features: Street‑level retail opportunity at 28 W Flagler St, Suite 102; Directly across from the Miami‑Dade County Courthouse; Open, raw layout suited for retail, showroom, food, or creative concepts
