681 Northwest 108th Street, Miami, FL 33168
Two-story office building with redevelopment potential in Miami Shores.
- Added:
- Sep 25, 2025
- Days on Market:
- 258
- Last Refresh:
- May 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 agent Agustin Duarte License #3284824 (305) 450-5992
Listing office RE/MAX (305) 450-5992
Listing date Sep 25, 2025
Source Remaxcommercial
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
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).
- Redevelopment potential to expand up to four stories.
- Thirty‑three individual salon suites, ranging from 90 to just under 200 square feet.
- Second floor is fully stabilized.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4077
- Latitude
- 25.6672
