Retail Suite with Flexible
For Sale
Contact for pricing
304 SW 12 Ave, Miami, FL 33130
±1,920 SF retail space in an established shopping center, available immediately with a flexible interior layout.
Property Size66,887 SF
Price / SF$0.10
Days on Market136
Property Features for 304 SW 12 Ave
General Information
Standard status
Active
Size
66,887 SF
Property subtype
Mixed Use
Building Details
Building Size
66,887 SF
Year Built
1972
Listing Agency:
Floridian First Realty Corp
Listed By:
Michelle Gonzalez · License #0649239
(305) 582-4352
Source:
Batrare
Added: Jun 8
Changed: Oct 17
Last Checked: Oct 19 at 1:35PM
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 Floridian First Realty Corp
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Investment Insights
Based on property information with market context.
±1,920 SF retail space available immediately in a well-established neighborhood shopping center. The suite is offered with a flexible layout designed to accommodate a range of commercial uses, including nail salon, spa, beauty services, wellness concepts, medical or professional office, boutique retail, fitness studio, educational services, and similar business operations.
The property is positioned within a busy commercial corridor with surrounding residential neighborhoods and complementary retailers. The center offers strong visibility, ample parking, and convenient customer access, along with prominent signage opportunities.
The space is available for $40.00 PSF plus $7.00 PSF NNN.
The property is positioned within a busy commercial corridor with surrounding residential neighborhoods and complementary retailers. The center offers strong visibility, ample parking, and convenient customer access, along with prominent signage opportunities.
The space is available for $40.00 PSF plus $7.00 PSF NNN.
Key Highlights
- ±1,920 SF retail space available immediately in an established neighborhood shopping center.
- Lease rate $40.00 PSF plus $7.00 PSF NNN.
- Flexible interior layout suitable for nail salon, spa, beauty/wellness, medical or professional office, and more.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,182,234
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,644,680
$43.6M
Cap Rate 7%
$31,174,771
$31.2M
Cap Rate 9%
$24,247,044
$24.2M
Market Conditions
NOI Build-Up for 66,887 SF
Gross rent
$3.48M $51.96/SF
− Vacancy
−$358.0K −$5.35/SF
EGI
$3.12M $46.61/SF
− OpEx
−$935.2K −$13.98/SF
NOI
$2.18M $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%
$43,644,680
Cap Rate 7%
$31,174,771
Cap Rate 9%
$24,247,044
Alternative Uses
Best Use
Retail
$31.17M
$27.28M – $36.37M
NOI $2,182,234 @ 7.0% cap · market cap 34,097.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$45.15M
$39.51M – $52.67M
NOI $3,160,441 @ 7.0% cap · market cap 49,381.89%
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
3,838
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - ±1,920 SF retail space in an established shopping center, available immediately with a flexible interior layout.
Where is this retail space located?
The property is located at 304 SW 12 Ave Miami, FL.
What are key features of this property?
This property features: ±1,920 SF retail space available immediately in an established neighborhood shopping center.; Lease rate $40.00 PSF plus $7.00 PSF NNN.; Flexible interior layout suitable for nail salon, spa, beauty/wellness, medical or professional office, and more.
