High Visibility Retail Space
For Sale
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3390 SW Coral Way, Miami, FL 33142
Retail space with high visibility and frontage on Coral Way.
Property Size5,834 SF
Price / SF$0.01
Days on Market234
Property Features for 3390 SW Coral Way
General Information
Standard status
Active
Size
5,834 SF
Property subtype
Retail
Site & Location
Neighborhood
Shenandoah South
Building Details
Building Size
5,834 SF
Year Built
1959
Listing Agency:
Kerdyk Real Estate, Inc.
Listed By:
William III Kerdyk · License #3353507
(786) 355-4437
Source:
Batrare
Added: Mar 10
Changed: Oct 27
Last Checked: Oct 28 at 2:02PM
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 Kerdyk Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This retail space offers high visibility on Coral Way, a heavily trafficked road. The property features over 43 feet of frontage, providing an excellent signage opportunity. The location benefits from high traffic, with over 41,000 vehicles passing by daily. The space has an open floorplan layout of 2,239 square feet and includes two ADA-compliant restrooms. It is suitable for a variety of retail uses, including service retail, showroom, medical use, and salon/wellness businesses. Six rear parking spots are included at no additional charge. The neighboring tenant is Pizza Hut, and the site is located directly across from the Miracle Center, which houses high-profile tenants such as Marshalls, DSW Shoes, Nordstrom Rack, Pet Smart, and Dollar Tree. The location is somewhat bikeable with a bike score of 46, somewhat walkable with a walk score of 60, and has some transit options with a transit score of 36.
Key Highlights
- High‑visibility location on heavily trafficked Coral Way with over 43' of frontage and excellent signage opportunities (41k+ vehicles per day).
- 2,239 SF open floorplan suitable for a variety of retail uses.
- Located directly across from the Miracle Center, with high‑profile tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,338
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,806,760
$3.8M
Cap Rate 7%
$2,719,114
$2.7M
Cap Rate 9%
$2,114,867
$2.1M
Market Conditions
NOI Build-Up for 5,834 SF
Gross rent
$303.1K $51.96/SF
− Vacancy
−$31.2K −$5.35/SF
EGI
$271.9K $46.61/SF
− OpEx
−$81.6K −$13.98/SF
NOI
$190.3K $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%
$3,806,760
Cap Rate 7%
$2,719,114
Cap Rate 9%
$2,114,867
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.17M
NOI $190,338 @ 7.0% cap · market cap 488,046.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.59M
NOI $275,659 @ 7.0% cap · market cap 706,817.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility and frontage on Coral Way.
Where is this retail space located?
The property is located at 3390 SW Coral Way Miami, FL.
What are key features of this property?
This property features: High‑visibility location on heavily trafficked Coral Way with over 43' of frontage and excellent signage opportunities (41k+ vehicles per day).; 2,239 SF open floorplan suitable for a variety of retail uses.; Located directly across from the Miracle Center, with high‑profile tenants.
