Ground-Floor Retail
4011 SALZEDO ST Unit CU3, Miami, FL 33146
For Sale
Contact for pricing
Vanilla shell delivery with prominent street frontage along a newly improved pedestrian-friendly streetscape.
Property Size190,849 SF
Days on Market155
Property Features for 4011 SALZEDO ST Unit CU3
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
Local & International Realty Corp
Listed By:
Maria Tonante · License FL #3298741
From the agent's profile:
(786) 483-8181, (305) 491-7115, (786) 838-9973, (786) 615-8570
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Source:
Casacollectiongroup
Added: Jun 11
Changed: Nov 3
Last Checked: Nov 12 at 2:11PM
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 Local & International Realty Corp
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Investment Insights
Based on property information with market context.
This ground-floor retail space is delivered in vanilla shell condition within a new mixed-use development. The premises offer approximately 16-foot clear ceiling heights, direct street frontage, and a corner position at Salzedo Street and Bird Road. A newly improved pedestrian-friendly streetscape adds to the property's access and presentation.
The location is near The Collection, Shops at Merrick Park, and Miracle Mile, with both vehicular and pedestrian traffic identified in the surrounding corridor. The space is offered under a triple-net (NNN) lease structure.
The location is near The Collection, Shops at Merrick Park, and Miracle Mile, with both vehicular and pedestrian traffic identified in the surrounding corridor. The space is offered under a triple-net (NNN) lease structure.
Key Highlights
- Ground‑floor retail space delivered in vanilla shell condition
- Approximately 16‑foot clear ceiling heights
- Corner position at Salzedo Street and Bird Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,226,579
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,531,580
$124.5M
Cap Rate 7%
$88,951,129
$89.0M
Cap Rate 9%
$69,184,211
$69.2M
Market Conditions
NOI Build-Up for 190,849 SF
Gross rent
$9.92M $51.96/SF
− Vacancy
−$1.02M −$5.35/SF
EGI
$8.90M $46.61/SF
− OpEx
−$2.67M −$13.98/SF
NOI
$6.23M $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%
$124,531,580
Cap Rate 7%
$88,951,129
Cap Rate 9%
$69,184,211
Alternative Uses
Best Use
Retail
$88.95M
$77.83M – $103.78M
NOI $6,226,579 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$128.82M
$112.72M – $150.30M
NOI $9,017,701 @ 7.0% cap
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
2,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 33146, FL
16,468
Population
6,788
Households
2.4
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,312
Density / Sq Mi
$124,712
Median Household Income
$41,105
Median Earnings
$2,774
Median Rent
$1,141,800
Median Home Value
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Market
Average Price Trend$/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 - Vanilla shell delivery with prominent street frontage along a newly improved pedestrian-friendly streetscape.
Where is this retail space located?
The property is located at 4011 SALZEDO ST Unit CU3 Miami, FL.
What are key features of this property?
This property features: Ground‑floor retail space delivered in vanilla shell condition; Approximately 16‑foot clear ceiling heights; Corner position at Salzedo Street and Bird Road
