Renovated Flex Space with
For Sale
Contact for pricing
280 NE 59th St # 290, Miami, FL 33137
Approximately 5,350 square feet includes two restrooms and four new 5-ton air-conditioning units.
Property Size9,325 SF
Price / SF$1.50
Days on Market205
Property Features for 280 NE 59th St # 290
General Information
Standard status
Active
Size
9,325 SF
Property subtype
Retail
Site & Location
Neighborhood
Edison
Additional Details
Property Use
Showroom
Amenities
2 modern restrooms
Four new 5 Ton A/C units
New roof
modern LED lighting
Ample street parking
Building Details
Building Size
9,325 SF
Year Built
1952
Listing Agency:
Emporio Real Estate
Listed By:
Ari Banegas · License #3242158
(305) 989-9794
Source:
Emporiore
Added: Apr 8
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 Emporio Real Estate
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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 renovated flex property offers approximately 5,350 square feet configured as a modern showroom. The space includes two restrooms, four new 5-ton air-conditioning units, a new roof, and LED lighting.
The property is in Miami’s Magic City Innovation District-Little Haiti, in the Little River area. It is near Miami International Airport, Port of Miami, Design District, Midtown, Miami Beach, and Downtown Miami. Street parking is available nearby.
The property is in Miami’s Magic City Innovation District-Little Haiti, in the Little River area. It is near Miami International Airport, Port of Miami, Design District, Midtown, Miami Beach, and Downtown Miami. Street parking is available nearby.
Key Highlights
- Approximately 5,350 square feet of renovated flex space
- Modern showroom configuration
- Two modern restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,278
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,505,560
$2.5M
Cap Rate 7%
$1,789,686
$1.8M
Cap Rate 9%
$1,391,978
$1.4M
Market Conditions
NOI Build-Up for 9,325 SF
Gross rent
$188.0K $20.16/SF
− Vacancy
−$9.0K −$0.97/SF
EGI
$179.0K $19.19/SF
− OpEx
−$53.7K −$5.76/SF
NOI
$125.3K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,505,560
Cap Rate 7%
$1,789,686
Cap Rate 9%
$1,391,978
Alternative Uses
Best Use
Retail
$4.35M
$3.80M – $5.07M
NOI $304,235 @ 7.0% cap · market cap 2,173.11%
Second Best
Flex RnD
$1.95M
$1.71M – $2.28M
NOI $136,742 @ 7.0% cap · market cap 976.73%
Theoretical Best
Specialty Retail
$6.29M
$5.51M – $7.34M
NOI $440,610 @ 7.0% cap · market cap 3,147.21%
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
2,083
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Mar International Catering Corp. — 5061 Biscayne Blvd, Miami, FL 33137
- Spuntino Catering and Events — 1000 NW 54th St, Miami, FL 33127
- Hearts of Palm Catering — 99 NW 54th St, Miami, FL 33127
- Ma's Flan — This is our kitchen not our store, 274 NE 59th St, Miami, FL 33137
- Truly Delicious Baptiste Kitchen Catering — 750 NW 69th St, Miami, FL 33150
Frequently Asked Questions
What type of property is this?
Flex space - Approximately 5,350 square feet includes two restrooms and four new 5-ton air-conditioning units.
Where is this flex space located?
The property is located at 280 NE 59th St # 290 Miami, FL.
What are key features of this property?
This property features: Approximately 5,350 square feet of renovated flex space; Modern showroom configuration; Two modern restrooms
