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    Edgewater Retail Space on Biscayne Title is generated by Realmo AI

    2801 BISCAYNE BLVD, Miami, FL 33137

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    For Lease
    $45 SF/Yr $32,520/Mo (calc)

    Retail - Miami, FL

    Type:Retail
    Property size:
    8,672 SF
    Lot size:
    0.25 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    57
    Last Refresh:
    May 14 at 5:06 am

    Property Features for 2801 BISCAYNE BLVD

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    T6-36a-O
    Parking features
    Assigned, Covered
    Standard status
    Active
    APN
    01-32-30-017-0120
    Size
    8,672 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    105935

    Building Details

    Year built
    2009
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Javier Angel

    Listing agent Javier Angel License #3252213

    Listing office Fortune Christie's Intl R.E. 2666 Brickell Ave., FL

    Listing date Mar 19, 2026

    MLS# A11925642 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime retail space on Biscayne Blvd in Edgewater with high exposure and signage opportunities.
    • Unique 24‑foot high ceilings and open floor layout (8,672 SF + +/- 2,000 SF Mezzanine).
    • 19 dedicated covered parking spaces.
    • Divisible into two separate units (approx. 2,600 SF and 6,100 SF) with separate entries.
    • Ideally located near Whole Foods and other high‑end retail, with high foot traffic.
    • Suitable for various uses: Retail, Showroom, Office, Co‑Working, Creative Space, or Restaurant (2 grease traps).

    Overview

    This is a unique opportunity to lease prime retail space in a free-standing commercial building situated in the heart of Edgewater, fronting Biscayne Boulevard. The property features an 8,672 square foot second-story open floor layout, complemented by an approximate 2,000 square foot mezzanine and a dedicated ground floor elevator entrance. The space boasts 24-foot high ceilings, two 400-amp electrical panels, and 19 dedicated covered parking spaces. The building provides high exposure and visibility on Biscayne Boulevard, with signage opportunities and the flexibility to divide the 8,672 square foot open space into two separate units, approximately 2,600 square feet and 6,100 square feet each, with separate entry and access points if needed. The location is half a block from Whole Foods, surrounded by high-end retail, including City Bikes on the ground floor. The property is suitable for retail, showroom, office, co-working, creative space use, or restaurant, with two existing grease traps in place. It is located in the central Miami neighborhood of Edgewater, within walking distance to Midtown, Wynwood, the Design District, and the Arts & Entertainment District. The lot size is 0.2503 acres. The zoning is T6-36a-O.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Bikes Midtown (Bike/Boat/Book/etc) Store Oriental Rugs Company Carpet & Flooring Store VAP Insurance Services Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.189254
    Latitude
    25.803573

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in Edgewater with high visibility.
    Where is this retail space located?
    The property is located at 2801 BISCAYNE BLVD Miami, FL.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Prime retail space on Biscayne Blvd in Edgewater with high exposure and signage opportunities.; Unique **24‑foot high ceilings** and open floor layout (8,672 SF + +/- 2,000 SF Mezzanine).; 19 dedicated covered parking spaces.
    (786) 285-4655
    We can help!
    Listing Contact
    Javier Angel
    Real Estate License ID: 3252213
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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