Built-Out Corner Retail/Showroom
For Sale
Contact for pricing
650 SW 1st St # 1, Miami, FL 33130
Built-out corner suite with central air, high ceilings, and recessed lighting, featuring exterior advertising signage.
Property Size7,500 SF
Price / SF$0.01
Days on Market110
Property Features for 650 SW 1st St # 1
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Retail
Building Details
Building Size
7,500 SF
Year Built
2026
Listing Agency:
Vera Realty LLC
Listed By:
Sergey Kultyshev · License #3568266
(305) 500-0456
Source:
Casacollectiongroup
Added: Jul 3
Changed: Oct 13
Last Checked: Oct 19 at 3:54PM
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 Vera Realty LLC
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Investment Insights
Based on property information with market context.
This fully built-out corner suite is in excellent condition and designed for a range of uses including cafe, retail, showroom, beauty salon, coworking, or office space. The space includes central air conditioning, high ceilings with an exposed ceiling look, recessed lighting, and a smoke detector. The building exterior includes advertising signage, and the property is described as newly constructed.
Located at 650 SW 1st St 1 in Miami, the suite offers walkable access to downtown, supported by a 96 walkScore. TransitScore is listed as 99 (Rider’s Paradise), with bikeScore of 77 (Very Bikeable).
The suite’s current finish and layout are presented as standard retail improvements, making it well suited for an operator looking to open in a space already configured with core lighting and life-safety features.
Located at 650 SW 1st St 1 in Miami, the suite offers walkable access to downtown, supported by a 96 walkScore. TransitScore is listed as 99 (Rider’s Paradise), with bikeScore of 77 (Very Bikeable).
The suite’s current finish and layout are presented as standard retail improvements, making it well suited for an operator looking to open in a space already configured with core lighting and life-safety features.
Key Highlights
- Newly built year 2026 retail suite in excellent condition
- Built‑out corner space with central air conditioning and smoke detector
- High ceilings with exposed ceiling and recessed lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,693
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,893,860
$4.9M
Cap Rate 7%
$3,495,614
$3.5M
Cap Rate 9%
$2,718,811
$2.7M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$389.7K $51.96/SF
− Vacancy
−$40.1K −$5.35/SF
EGI
$349.6K $46.61/SF
− OpEx
−$104.9K −$13.98/SF
NOI
$244.7K $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%
$4,893,860
Cap Rate 7%
$3,495,614
Cap Rate 9%
$2,718,811
Alternative Uses
Best Use
Retail
$3.50M
$3.06M – $4.08M
NOI $244,693 @ 7.0% cap · market cap 414,733.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.06M
$4.43M – $5.91M
NOI $354,378 @ 7.0% cap · market cap 600,640.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,292
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
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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 - Built-out corner suite with central air, high ceilings, and recessed lighting, featuring exterior advertising signage.
Where is this retail space located?
The property is located at 650 SW 1st St # 1 Miami, FL.
What are key features of this property?
This property features: Newly built year 2026 retail suite in excellent condition; Built‑out corner space with central air conditioning and smoke detector; High ceilings with exposed ceiling and recessed lighting throughout
