Retail
375 NE 54th St # 9, Miami, FL 33137
For Sale
New
Contact for pricing
The space may accommodate retail, office, or service-oriented business uses.
Property Size9,720 SF
Price / SF$0.26
Days on Market4
Property Features for 375 NE 54th St # 9
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Urban Resource LLC
Listed By:
Daniel Veitia · License #3079893
(786) 621-1122
Source:
Casacollectiongroup
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:15AM
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 Urban Resource LLC
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Investment Insights
Based on property information with market context.
This retail space was built in 1988 and is located at 375 NE 54th Street in Miami. The property is presented for retail, office, or service-oriented business uses.
The location is described as minutes from the Miami Design District and Downtown Miami.
The location is described as minutes from the Miami Design District and Downtown Miami.
Key Highlights
- Built in 1988
- 375 NE 54th Street location, minutes from the Miami Design District and Downtown Miami
- Use potential includes retail, office, and service‑oriented operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$317,122
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,342,440
$6.3M
Cap Rate 7%
$4,530,314
$4.5M
Cap Rate 9%
$3,523,578
$3.5M
Market Conditions
NOI Build-Up for 9,720 SF
Gross rent
$505.1K $51.96/SF
− Vacancy
−$52.0K −$5.35/SF
EGI
$453.0K $46.61/SF
− OpEx
−$135.9K −$13.98/SF
NOI
$317.1K $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%
$6,342,440
Cap Rate 7%
$4,530,314
Cap Rate 9%
$3,523,578
Alternative Uses
Best Use
Retail
$4.53M
$3.96M – $5.29M
NOI $317,122 @ 7.0% cap · market cap 12,792.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.56M
$5.74M – $7.65M
NOI $459,274 @ 7.0% cap · market cap 18,526.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
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Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami, FL
Properties on Market for Retail space in Miami
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The space may accommodate retail, office, or service-oriented business uses.
Where is this retail space located?
The property is located at 375 NE 54th St # 9 Miami, FL.
What are key features of this property?
This property features: Built in 1988; 375 NE 54th Street location, minutes from the Miami Design District and Downtown Miami; Use potential includes retail, office, and service‑oriented operations
