Corner Retail
For Sale
Contact for pricing
4200 NW 2nd Ave Unit 4200, Miami, FL 33127
Permitted for retail use, the unfurnished suite is offered with an NNN lease structure.
Property Size1,189 SF
Price / SF$4.17
Days on Market49
Property Features for 4200 NW 2nd Ave Unit 4200
General Information
Standard status
Active
Size
1,189 SF
Property subtype
Retail
Site & Location
Neighborhood
Buena Vista Heights
Corner Location
Yes
Amenities
Square Feet: 1189
Parcel Number: 01-31-24-019-1400, Tax Legal Description: COLUMBIA PARK CORR PL PB 8-114 LOTS 23 & 24 BLK 7 LESS E5FT & LESS EXT AREA OF CURVE IN SE COR OF LOT 24 FOR R/W LOT SIZE 10428 SQ FT M/L
Business Type: Professional, Retail Space, Special Listing Conditions: Lease, Standard Status: Active
Stories: 1, Year Built: 1957, Building Area Total: 1189
County Or Parish: Miami-Dade County, Unit Number: 4200
Leasable Area Units: Square Feet, Leasable Area: 1189
Building Details
Year Built
1957
Listing Agency:
Borluv, Inc.
Listed By:
Alexander Boria · License #3272755
(786) 586-2492
Source:
Riserealty
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 28 at 8:23AM
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 1,189 rentable Sq.Ft retail suite occupies a corner position and is permitted for retail use. The space will be delivered unfurnished, providing a straightforward setting for a future retail operation. Constructed in 1957, the property is offered with an NNN lease structure.
The property is located at 4200 NW 2nd Ave Unit 4200 in Miami, Florida. It sits two blocks west of the Miami Design District and two blocks north of Wynwood, with shopping, dining, and primary transportation links nearby.
The property is located at 4200 NW 2nd Ave Unit 4200 in Miami, Florida. It sits two blocks west of the Miami Design District and two blocks north of Wynwood, with shopping, dining, and primary transportation links nearby.
Key Highlights
- 1,189 rentable Sq.Ft retail suite
- Corner property at 4200 NW 2nd Ave Unit 4200
- Permitted for retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,840
$775.8K
Cap Rate 7%
$554,171
$554.2K
Cap Rate 9%
$431,022
$431.0K
Market Conditions
NOI Build-Up for 1,189 SF
Gross rent
$61.8K $51.96/SF
− Vacancy
−$6.4K −$5.35/SF
EGI
$55.4K $46.61/SF
− OpEx
−$16.6K −$13.98/SF
NOI
$38.8K $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%
$775,840
Cap Rate 7%
$554,171
Cap Rate 9%
$431,022
Alternative Uses
Best Use
Retail
$554.2K
$484.9K – $646.5K
NOI $38,792 @ 7.0% cap · market cap 783.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$802.6K
$702.3K – $936.4K
NOI $56,181 @ 7.0% cap · market cap 1,134.05%
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 - Permitted for retail use, the unfurnished suite is offered with an NNN lease structure.
Where is this retail space located?
The property is located at 4200 NW 2nd Ave Unit 4200 Miami, FL.
What are key features of this property?
This property features: 1,189 rentable Sq.Ft retail suite; Corner property at 4200 NW 2nd Ave Unit 4200; Permitted for retail use
