Freestanding Retail Building on Corner
305 N Royal Poinciana Blvd Miami Springs, FL 33166
For Sale
$895,000
Pending
Vacant freestanding retail building on a large corner lot, formerly a wood-fired pizza restaurant and wellness center.
Property Size1,542 SF
Lot Size0.45 Acres
Days on Market2187
Property Features for 305 N Royal Poinciana Blvd
General Information
Standard status
Pending
Size
1,542 SF
Lot size
0.45 Acres
Property subtype
General Commercial
Building Details
Year Built
1948
Listing Agency:
(305) 785-7847
Listed By:
Coldwell Banker Residential Real Estate
(305) 785-7847
Source:
Xome
Added: Aug 4, 2020
Changed: Jul 25
Last Checked: Jul 25 at 6:11AM
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 Coldwell Banker Residential Real Estate
Investment Insights
Based on property information with market context.
Vacant freestanding retail building totaling 1,542 SF on a large corner lot. The property has previously been occupied as a wood-fired pizza restaurant with a dining terrace, and also as a wellness center with a Zen garden.
The site is located just west of the Circle in Miami Springs. The lot size is 19,500 SF.
Zoned B-2, the property permits commercial or mixed-use development up to approximately 3 stories and about 20,000 SF. Seller financing is available.
The site is located just west of the Circle in Miami Springs. The lot size is 19,500 SF.
Zoned B-2, the property permits commercial or mixed-use development up to approximately 3 stories and about 20,000 SF. Seller financing is available.
Key Highlights
- Vacant 1,542 SF freestanding retail building formerly used as a wood‑fired pizza restaurant
- 19,500 SF large corner lot with former dining terrace and a Zen garden from prior wellness center use
- B‑2 zoning allows up to 3‑story commercial or mixed‑use development to approximately 20,000 SF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $26.40 |
| − Vacancy | −$3.5k | −$2.24 |
| EGI | $37.2k | $24.16 |
| − OpEx | −$11.2k | −$7.25 |
| NOI | $26.1k | $16.91 |
1,542 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$372.5K
$325.9K – $434.6K
NOI $26,074 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$782.3K
$684.5K – $912.7K
NOI $54,763 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Roses By Lily — 40 SE 4th Ave, Hialeah, FL 33010
- Poinciana Flowers and Events — 65 Curtiss Pkwy, Miami Springs, FL 33166
- Floreria — hialeah, fl 33010
- Florist — Miami Springs, FL 33166, United States
- Jireh Flowers and Events — 184 E 4th Ave, Hialeah, FL 33010
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant freestanding retail building on a large corner lot, formerly a wood-fired pizza restaurant and wellness center.
Where is this storefront property located?
The property is located at 305 N Royal Poinciana Blvd Miami Springs, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Vacant 1,542 SF freestanding retail building formerly used as a wood‑fired pizza restaurant; 19,500 SF large corner lot with former dining terrace and a Zen garden from prior wellness center use; B‑2 zoning allows up to 3‑story commercial or mixed‑use development to approximately 20,000 SF
