Retail Space Approved for Yoga
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For Sale
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4200 NW 2nd Ave # 4202, Miami, FL 33127
The City has approved yoga studio use under current zoning, with a triple-net lease structure.
Property Size1,397 SF
Price / SF$3.75
Days on Market3
Property Features for 4200 NW 2nd Ave # 4202
General Information
Standard status
Active
Size
1,397 SF
Property subtype
Retail
Building Details
Building Size
1,397 SF
Year Built
1957
Listing Agency:
Borluv, Inc.
Listed By:
Alexander Boria · License #3272755
(786) 586-2492
Source:
Allyandaj
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 1:25AM
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 Borluv, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 4200 NW 2nd Ave is approved by the City for use as a yoga studio under current zoning. The offering is structured as a triple-net lease.
The property sits two blocks west of the Miami Design District and two blocks north of Wynwood, placing it near retail and dining destinations as well as major transportation connections.
The property sits two blocks west of the Miami Design District and two blocks north of Wynwood, placing it near retail and dining destinations as well as major transportation connections.
Key Highlights
- City‑approved yoga studio use under current zoning
- Triple‑net lease structure
- Two blocks west of the Miami Design District and two blocks north of Wynwood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,560
$911.6K
Cap Rate 7%
$651,114
$651.1K
Cap Rate 9%
$506,422
$506.4K
Market Conditions
NOI Build-Up for 1,397 SF
Gross rent
$72.6K $51.96/SF
− Vacancy
−$7.5K −$5.35/SF
EGI
$65.1K $46.61/SF
− OpEx
−$19.5K −$13.98/SF
NOI
$45.6K $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%
$911,560
Cap Rate 7%
$651,114
Cap Rate 9%
$506,422
Alternative Uses
Best Use
Retail
$651.1K
$569.7K – $759.6K
NOI $45,578 @ 7.0% cap · market cap 870.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$943.0K
$825.1K – $1.10M
NOI $66,009 @ 7.0% cap · market cap 1,260.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - The City has approved yoga studio use under current zoning, with a triple-net lease structure.
Where is this retail space located?
The property is located at 4200 NW 2nd Ave # 4202 Miami, FL.
What are key features of this property?
This property features: City‑approved yoga studio use under current zoning; Triple‑net lease structure; Two blocks west of the Miami Design District and two blocks north of Wynwood
