Storefront Retail
For Sale
Contact for pricing
3380 Plaza St, Miami, FL 33133
Storefront space positioned for restaurant, retail, or convenience use, with tenant-paid utilities and appointment-only showings.
Property Size4,435 SF
Price / SF$2.25
Days on Market226
Property Features for 3380 Plaza St
General Information
Standard status
Active
Size
4,435 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$17,753
Building Details
Building Size
4,435 SF
Year Built
1954
Listing Agency:
COSMORE Florida Corp.
Listed By:
Jihad "JS" Rashid · License #3580434
(305) 842-1750
Source:
Casacollectiongroup
Added: Mar 10
Changed: Oct 16
Last Checked: Oct 19 at 4:20PM
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 COSMORE Florida Corp.
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Investment Insights
Based on property information with market context.
This storefront retail space is being marketed as suitable for a restaurant, retail, or convenience store. The listing notes that tenant utilities are the tenant’s responsibility.
Showings are scheduled by appointment with flexible showing times when confirmed. Prospective tenants should be prepared for first month’s rent, last month’s rent, and a security deposit, and to submit offers or lease applications with business details and financials.
The property’s proximity is supported by the provided mobility scores: a 77 walk score (very walkable), a 74 bike score (very bikeable), and a 40 transit score (some transit).
Showings are scheduled by appointment with flexible showing times when confirmed. Prospective tenants should be prepared for first month’s rent, last month’s rent, and a security deposit, and to submit offers or lease applications with business details and financials.
The property’s proximity is supported by the provided mobility scores: a 77 walk score (very walkable), a 74 bike score (very bikeable), and a 40 transit score (some transit).
Key Highlights
- Built in 1954 storefront space suited for restaurant, retail, or convenience store use
- Tenant responsible for utilities
- Rental requirements: first month’s rent, last month’s rent, and security deposit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,695
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,900
$2.9M
Cap Rate 7%
$2,067,071
$2.1M
Cap Rate 9%
$1,607,722
$1.6M
Market Conditions
NOI Build-Up for 4,435 SF
Gross rent
$230.4K $51.96/SF
− Vacancy
−$23.7K −$5.35/SF
EGI
$206.7K $46.61/SF
− OpEx
−$62.0K −$13.98/SF
NOI
$144.7K $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%
$2,893,900
Cap Rate 7%
$2,067,071
Cap Rate 9%
$1,607,722
Alternative Uses
Best Use
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,556 @ 7.0% cap · market cap 2,095.56%
Second Best
Retail
$2.07M
$1.81M – $2.41M
NOI $144,695 @ 7.0% cap · market cap 1,446.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,665
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Bermuda Supermarket — 3601 Grand Ave, Miami, FL 33133
- La Cabrera Coconut Grove — 2895 McFarlane Rd, Miami, FL 33133
- B & R Supermarkets Inc — 2969 McDonald St, Coconut Grove, FL 33133
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Storefront space positioned for restaurant, retail, or convenience use, with tenant-paid utilities and appointment-only showings.
Where is this grocery and convenience store located?
The property is located at 3380 Plaza St Miami, FL.
What are key features of this property?
This property features: Built in 1954 storefront space suited for restaurant, retail, or convenience store use; Tenant responsible for utilities; Rental requirements: first month’s rent, last month’s rent, and security deposit
