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For sale
Retail space
FL
Miami
33168
681 Northwest 108th Street

Miami Shores Salon Suites Opportunity

681 Northwest 108th Street Miami, FL 33168

681 Northwest 108th Street, Miami, FL, 33168

$4,850,000

For Sale

$4,850,000

Two-story office building with redevelopment potential in Miami Shores.

Property Size9,265 SF

Price / SF$523.48

AddedSep 25, 2025

Days on Market293

Last RefreshMay 8 at 11:39 pm

Property Features for 681 Northwest 108th Street

General Information

Standard status: Active
Size: 9,265 SF
Property subtype: Business Opportunities

Listing office RE/MAX

Listing date Sep 25, 2025

Source Remaxcommercial

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 RE/MAX

Investment Insights

Based on property information with market context.

This two-story office building in Miami Shores presents a business opportunity with real estate included. The property is located adjacent to I-95, which sees approximately 240,000 cars daily. Currently configured as "Miami Shores Salon Suites", the building is divided into thirty-three individual salons, with sizes ranging from 90 to just under 200 square feet. The second floor is fully stabilized, while the first floor is in the lease-up stage. Once fully stabilized, the property is projected to generate $500,000 in gross annual income. The property, with a size of 9265 square feet, also offers redevelopment potential, with the possibility to expand up to four stories.

Key Highlights

High cash flow opportunity with real estate included.
Projected $500,000 annual gross income once fully stabilized.
Prime location adjacent to I‑95 with high visibility (approx. 240,000 cars daily).

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$481.4k	$51.96
− Vacancy	−$49.6k	−$5.35
EGI	$431.8k	$46.61
− OpEx	−$129.5k	−$13.98
NOI	$302.3k	$32.63

9,265 SF · lease $51.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$4.32M

$3.78M – $5.04M (±1% cap)

NOI $302,277 @ 7.0% cap · market cap 6.23%

Second Best

Office B

$3.80M

$3.32M – $4.43M (±1% cap)

NOI $265,790 @ 7.0% cap · market cap 5.48%

Theoretical Best

Specialty Retail

$6.25M

$5.47M – $7.30M (±1% cap)

NOI $437,775 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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For sale
Retail space
FL
Miami
33168
681 Northwest 108th Street

What type of property is this?

Retail space - Two-story office building with redevelopment potential in Miami Shores.

Where is this retail space located?

The property is located at 681 Northwest 108th Street Miami, FL.

What is the asking price?

The asking price for this property is $4,850,000.

What are key features of this property?

This property features: High cash flow opportunity with real estate included.; Projected $500,000 annual gross income once fully stabilized.; Prime location adjacent to I‑95 with **high visibility (approx. 240,000 cars daily)**.