Retail Space with Storefront
New
For Sale
Contact for pricing
480 NE 31, Miami, FL 33137
High ceilings and an above-ground grease trap support a range of retail and food-service configurations.
Property Size5,687 SF
Price / SF$0.83
Days on Market4
Property Features for 480 NE 31
General Information
Standard status
Active
Size
5,687 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Amenities
high ceilings
expansive storefront glass
above-ground grease trap
covered card-access garage
Listing Agency:
CBA Realty & Property Mgmt.
(954) 880-1777
Listed By:
Cristina D Moinelo · License #3115314
(305) 494-0944
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 4:08PM
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 CBA Realty & Property Mgmt.
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Investment Insights
Based on property information with market context.
This Miami retail space features high ceilings, broad storefront glazing and an above-ground grease trap. The premises previously housed an Italian market and coffee shop, and includes two assigned tandem parking spaces in a covered garage with card access.
The property is within an established residential community, with access to Midtown, the Design District, Wynwood and Downtown Miami.
The property is within an established residential community, with access to Midtown, the Design District, Wynwood and Downtown Miami.
Key Highlights
- Two assigned tandem parking spaces in a covered, card‑access garage
- Above‑ground grease trap
- High ceilings and expansive storefront glazing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,542
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,840
$3.7M
Cap Rate 7%
$2,650,600
$2.7M
Cap Rate 9%
$2,061,578
$2.1M
Market Conditions
NOI Build-Up for 5,687 SF
Gross rent
$295.5K $51.96/SF
− Vacancy
−$30.4K −$5.35/SF
EGI
$265.1K $46.61/SF
− OpEx
−$79.5K −$13.98/SF
NOI
$185.5K $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%
$3,710,840
Cap Rate 7%
$2,650,600
Cap Rate 9%
$2,061,578
Alternative Uses
Best Use
Specialty Retail
$3.84M
$3.36M – $4.48M
NOI $268,713 @ 7.0% cap · market cap 5,717.30%
Second Best
Retail
$2.65M
$2.32M – $3.09M
NOI $185,542 @ 7.0% cap · market cap 3,947.70%
Theoretical Best
—
—
same as Best Use
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
3,119
Businesses Nearby
Explore this area
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
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - High ceilings and an above-ground grease trap support a range of retail and food-service configurations.
Where is this retail space located?
The property is located at 480 NE 31 Miami, FL.
What are key features of this property?
This property features: Two assigned tandem parking spaces in a covered, card‑access garage; Above‑ground grease trap; High ceilings and expansive storefront glazing
