Multi-Tenant Mixed-Use
4800 W Flagler Street, Miami, FL 33134
For Sale
Contact for pricing
Retail and office space is fully leased, with parking in front of and beneath the building.
Property Size22,000 SF
Lot Size0.34 Acres
Price / SF$284.09
Days on Market36
Property Features for 4800 W Flagler Street
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Pylon Signage
Traffic Count
Road Access
Mixed-Use Components
Additional Details
Tenant in Place
Property Use
Amenities
pylon signage
Building Details
Year Built
Tenancy
Listing Agency:
RG Property Group
Listed By:
Raymond Gonzalez · License FL #3045190
Source:
Crexi
Added: Oct 6
Changed: Nov 9
Last Checked: Nov 10 at 6:53AM
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 RG Property Group
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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.
Flagler Plaza is a multi-tenant property with 22,000 square feet of gross leasable area divided between retail and office space. Built in 1981, the building occupies a 14,936-square-foot lot. Parking is provided at the front and beneath the structure, and pylon signage stands along the property. The property is fully leased, with annual renewals that include rent increases of 5% to 7%.
At 4800 W Flagler Street in Miami, the property fronts the W. Flagler Street corridor, where approximately 40,000 vehicles pass daily. Multiple access points serve the site.
At 4800 W Flagler Street in Miami, the property fronts the W. Flagler Street corridor, where approximately 40,000 vehicles pass daily. Multiple access points serve the site.
Key Highlights
- 22,000 square feet of gross leasable area with retail and office space
- Fully leased; annual renewals include rent increases of 5% to 7%
- Approximately 40,000 vehicles pass daily along the W. Flagler Street corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$519,750
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,395,000
$10.4M
Cap Rate 7%
$7,425,000
$7.4M
Cap Rate 9%
$5,775,000
$5.8M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$924.0K $42.00/SF
− Vacancy
−$92.4K −$4.20/SF
EGI
$831.6K $37.80/SF
− OpEx
−$311.9K −$14.18/SF
NOI
$519.8K $23.63/SF
Area
Miami, FL
Vacancy
10.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,395,000
Cap Rate 7%
$7,425,000
Cap Rate 9%
$5,775,000
Alternative Uses
Best Use
Retail
$10.25M
$8.97M – $11.96M
NOI $717,765 @ 7.0% cap · market cap 11.48%
Second Best
Office B
$9.02M
$7.89M – $10.52M
NOI $631,125 @ 7.0% cap · market cap 10.10%
Theoretical Best
Specialty Retail
$14.85M
$12.99M – $17.33M
NOI $1,039,510 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,858
Businesses Nearby
Explore this area
Business Placement
Demographics for 33134, FL
38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Miami, FL
Properties on Market for Mixed-use properties in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space is fully leased, with parking in front of and beneath the building.
Where is this mixed-use property located?
The property is located at 4800 W Flagler Street Miami, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 22,000 square feet of gross leasable area with retail and office space; Fully leased; annual renewals include rent increases of 5% to 7%; Approximately 40,000 vehicles pass daily along the W. Flagler Street corridor
