Fully Leased Retail Center
For Sale
Contact for pricing
4000 Southwest 57th Avenue, Miami, FL 33155
Class A retail center in Coral Gables, 100% leased.
Property Size15,115 SF
Price / SF$1,091
Days on Market215
Property Features for 4000 Southwest 57th Avenue
General Information
Standard status
Active
Size
15,115 SF
Class
A
Property subtype
Retail
Net Operating Income
$811,065
Building Details
Year Renovated
2023
Units
6
Tenancy
Multi
Listing Agency:
NAI Miami HQ
Listed By:
Edward Schmidt · License #0473167
(786) 697-6223
Source:
Crexi
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 26 at 1:41PM
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 NAI Miami HQ
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a fully leased, Class A multi-tenant retail center located in the Coral Gables submarket of Miami, Florida. The property is 100% occupied by seven tenants, including Cala-Millor, SoFlo Dental, and Imago Art, all on NNN leases featuring annual rent increases and staggered expirations. The property is positioned at the corner of SW 40th Street (Bird Road) and SW 57th Avenue (Red Road), with visibility to over 70,000 vehicles per day. The location is near the University of Miami (1 mile), the Coral Gables Metrorail Station (2 miles), Downtown Miami (8 miles), and Miami International Airport (7 miles). The surrounding area supports over 191,000 residents within a 3-mile radius, with an average household income of $221,000 within one mile. The property benefits from Coral Gables’ zoning and architectural standards that limit future retail supply. The Coral Gables market includes tourism, institutional employment, and high-end residential density. The location supports a variety of retail tenants due to the nearby office population, the University of Miami, and visitor traffic. The property is located within Miami’s economic area, recognized for innovation and international connectivity.
Key Highlights
- 100% leased Class A retail center in Coral Gables, a highly desirable and supply‑constrained market.
- Located at a high‑traffic, signalized hard corner with over 70,000 vehicles per day visibility.
- Stable, predictable income stream from a curated mix of seven tenants on NNN leases with annual rent increases and staggered expirations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$493,137
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,862,740
$9.9M
Cap Rate 7%
$7,044,814
$7.0M
Cap Rate 9%
$5,479,300
$5.5M
Market Conditions
NOI Build-Up for 15,115 SF
Gross rent
$785.4K $51.96/SF
− Vacancy
−$80.9K −$5.35/SF
EGI
$704.5K $46.61/SF
− OpEx
−$211.3K −$13.98/SF
NOI
$493.1K $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%
$9,862,740
Cap Rate 7%
$7,044,814
Cap Rate 9%
$5,479,300
Alternative Uses
Best Use
Retail
$7.04M
$6.16M – $8.22M
NOI $493,137 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.20M
$8.93M – $11.90M
NOI $714,191 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
Similar Off Market Nearby
- Red Bird Shopping Center — 5761 Bird Rd, Miami, FL 33155
- CAMACOL — 1200 Anastasia Ave, Coral Gables, FL 33134
Frequently Asked Questions
What type of property is this?
Shopping center - Class A retail center in Coral Gables, 100% leased.
Where is this shopping center located?
The property is located at 4000 Southwest 57th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: 100% leased Class A retail center in Coral Gables, a highly desirable and supply‑constrained market.; Located at a **high‑traffic, signalized hard corner** with over 70,000 vehicles per day visibility.; Stable, predictable income stream from a curated mix of seven tenants on NNN leases with annual rent increases and staggered expirations.
