Retail Space with Private
For Sale
$225,000
5700 Collins Avenue Cu-1, Miami Beach, FL 33140
Commercial unit with utility services included through the HOA.
Property Size340 SF
Price / SF$661.76
Days on Market86
Property Features for 5700 Collins Avenue Cu-1
General Information
Standard status
Active
Size
340 SF
Additional Details
Utilities to Site
Yes
Amenities
utility services included in HOA
private entrance
Building Details
Year Built
1968
Listing Agency:
Luxe Properties
Listed By:
Luca Madori · License #3446268
(305) 469-0518
Source:
Chenoregroup
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 7 at 4:05PM
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 Luxe Properties
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Investment Insights
Based on property information with market context.
Unit CU-1 is a retail-oriented commercial space at 5700 Collins Avenue in Miami Beach. The property has a private entrance and may accommodate general commercial uses, including retail, restaurant, and office operations, subject to applicable permissions.
Utility services are included through the HOA, providing a consolidated operating arrangement. The property is positioned along Collins Avenue amid residential buildings, hotels, and pedestrian activity. Built in 1968, the unit may suit an owner-user or investor seeking a flexible commercial property.
Utility services are included through the HOA, providing a consolidated operating arrangement. The property is positioned along Collins Avenue amid residential buildings, hotels, and pedestrian activity. Built in 1968, the unit may suit an owner-user or investor seeking a flexible commercial property.
Key Highlights
- Private entrance for Unit CU‑1
- Utility services included through the HOA
- General commercial use may include retail, restaurant, and office operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,012
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,240
$180.2K
Cap Rate 7%
$128,743
$128.7K
Cap Rate 9%
$100,133
$100.1K
Market Conditions
NOI Build-Up for 340 SF
Gross rent
$15.5K $45.60/SF
− Vacancy
−$3.5K −$10.26/SF
EGI
$12.0K $35.34/SF
− OpEx
−$3.0K −$8.84/SF
NOI
$9.0K $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%
$180,240
Cap Rate 7%
$128,743
Cap Rate 9%
$100,133
Alternative Uses
Best Use
Office B
$128.7K
$112.7K – $150.2K
NOI $9,012 @ 7.0% cap · market cap 4.01%
Second Best
Retail
$82.1K
$71.9K – $95.8K
NOI $5,749 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$172.5K
$150.9K – $201.3K
NOI $12,075 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
701
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit with utility services included through the HOA.
Where is this retail space located?
The property is located at 5700 Collins Avenue Cu-1 Miami Beach, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Private entrance for Unit CU‑1; Utility services included through the HOA; General commercial use may include retail, restaurant, and office operations
