Multi-Level Retail/Office
For Sale
$1,450,000
5401 Collins Ave Cu-9, Miami Beach, FL 33140
Fully remodeled multi-level suite within the Carriage House, offering office space and six dedicated parking spaces.
Property Size3,200 SF
Price / SF$453.13
Days on Market79
Property Features for 5401 Collins Ave Cu-9
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
6
Additional Details
Business Included
Yes
Building Details
Year Built
1967
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Antonio Saladrigas · License #3502121
(786) 378-1850
Source:
Mymiahomes
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 5 at 9:23PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Located within the Carriage House at 5401 Collins Avenue, Suite CU9, this multi-level commercial suite is offered for sale. The space is commercially zoned for office and retail use and features a majority that has been fully remodeled, designed to reduce immediate capital expenditure for a new owner. The unit is currently stabilized, operating with a bespoke tailor and an upstairs office area.
The suite’s direct oceanfront orientation is positioned to serve an affluent residential corridor. The property is also described as having access to resort-style building amenities, supporting day-to-day tenant operations.
A key practical advantage is the presence of six dedicated parking spaces, a high-value rarity noted for the submarket in the property remarks.
The suite’s direct oceanfront orientation is positioned to serve an affluent residential corridor. The property is also described as having access to resort-style building amenities, supporting day-to-day tenant operations.
A key practical advantage is the presence of six dedicated parking spaces, a high-value rarity noted for the submarket in the property remarks.
Key Highlights
- 3,200 SF multi‑level commercial suite in the Carriage House with office and retail zoning
- Mostly fully remodeled interior, minimizing immediate capital expenditure for a new owner
- Currently stabilized with a tenant (bespoke tailor) plus an upstairs office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,816
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,320
$1.7M
Cap Rate 7%
$1,211,657
$1.2M
Cap Rate 9%
$942,400
$942.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$145.9K $45.60/SF
− Vacancy
−$32.8K −$10.26/SF
EGI
$113.1K $35.34/SF
− OpEx
−$28.3K −$8.84/SF
NOI
$84.8K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,320
Cap Rate 7%
$1,211,657
Cap Rate 9%
$942,400
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,816 @ 7.0% cap · market cap 5.85%
Second Best
Retail
$773.0K
$676.4K – $901.8K
NOI $54,109 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,645 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Fully remodeled multi-level suite within the Carriage House, offering office space and six dedicated parking spaces.
Where is this office units located?
The property is located at 5401 Collins Ave Cu-9 Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,200 SF multi‑level commercial suite in the Carriage House with office and retail zoning; Mostly fully remodeled interior, minimizing immediate capital expenditure for a new owner; Currently stabilized with a tenant (bespoke tailor) plus an upstairs office
