Retail Storefront in Shopping
For Sale
Contact for pricing
503 SW 12th Ave, Miami, FL 33130
About 585 SF of retail space with an open layout and storefront visibility in a neighborhood shopping center.
Property Size16,760 SF
Price / SF$0.14
Days on Market107
Property Features for 503 SW 12th Ave
General Information
Standard status
Active
Size
16,760 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
16,760 SF
Year Built
1925
Listing Agency:
Floridian First Realty Corp
Listed By:
Michelle Gonzalez · License #0649239
(305) 582-4352
Source:
Casacollectiongroup
Added: Jul 6
Changed: Oct 13
Last Checked: Oct 19 at 5:24PM
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 Floridian First Realty Corp
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Investment Insights
Based on property information with market context.
This for-sale retail storefront offers an efficient, open layout suited to a range of service and retail concepts. The space is described as having strong storefront visibility, prominent signage, and immediate occupancy.
Located in the heart of Little Havana/West Brickell within a well-established neighborhood shopping center, the property is positioned for convenient access. Public remarks note ample on-site parking and strong daily traffic, with proximity to Brickell, Downtown Miami, Calle Ocho, and major highways.
The listing highlights a compact, flexible retail configuration with a primary storefront focus, making it appropriate for operators seeking direct customer exposure within a multi-tenant center.
Located in the heart of Little Havana/West Brickell within a well-established neighborhood shopping center, the property is positioned for convenient access. Public remarks note ample on-site parking and strong daily traffic, with proximity to Brickell, Downtown Miami, Calle Ocho, and major highways.
The listing highlights a compact, flexible retail configuration with a primary storefront focus, making it appropriate for operators seeking direct customer exposure within a multi-tenant center.
Key Highlights
- 585 SF retail space in a well‑established neighborhood shopping center
- Efficient open layout with storefront visibility
- Prominent signage and strong daily traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$546,806
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,936,120
$10.9M
Cap Rate 7%
$7,811,514
$7.8M
Cap Rate 9%
$6,075,622
$6.1M
Market Conditions
NOI Build-Up for 16,760 SF
Gross rent
$870.8K $51.96/SF
− Vacancy
−$89.7K −$5.35/SF
EGI
$781.2K $46.61/SF
− OpEx
−$234.3K −$13.98/SF
NOI
$546.8K $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%
$10,936,120
Cap Rate 7%
$7,811,514
Cap Rate 9%
$6,075,622
Alternative Uses
Best Use
Retail
$7.81M
$6.84M – $9.11M
NOI $546,806 @ 7.0% cap · market cap 22,793.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.31M
$9.90M – $13.20M
NOI $791,918 @ 7.0% cap · market cap 33,010.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Check the figures for this property
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 - About 585 SF of retail space with an open layout and storefront visibility in a neighborhood shopping center.
Where is this retail space located?
The property is located at 503 SW 12th Ave Miami, FL.
What are key features of this property?
This property features: 585 SF retail space in a well‑established neighborhood shopping center; Efficient open layout with storefront visibility; Prominent signage and strong daily traffic
