Retail Space with Wide
707 71st St, Miami Beach, FL 33141
For Sale
Contact for pricing
The storefront sits in a plaza alongside established tenants, with restaurants, banks, schools, and places of worship nearby.
Property Size6,000 SF
Price / SF$0.67
Days on Market306
Property Features for 707 71st St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Extra Wide Sidewalks
Building Details
Building Size
Year Built
Listing Agency:
Miami Beach Luxury Realty Inc.
Listed By:
Milton Raijman · License #0356509
(305) 335-4424
Source:
Emporiore
Added: Jan 8
Changed: Nov 6
Last Checked: Nov 8 at 3:43PM
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 Miami Beach Luxury Realty Inc.
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Investment Insights
Based on property information with market context.
This 6,000-square-foot retail property was built in 1952 and occupies space in a plaza with long-standing neighboring tenants. Extra-wide sidewalks line the storefront, providing pedestrian access along the property.
The Miami Beach address is near the beach, restaurants, banks, schools, and places of worship. High-rise residential projects are under construction within 2 blocks of the property.
The Miami Beach address is near the beach, restaurants, banks, schools, and places of worship. High-rise residential projects are under construction within 2 blocks of the property.
Key Highlights
- 6,000 square feet of retail space
- Built in 1952
- Located in a plaza with established neighboring tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,455
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,100
$2.0M
Cap Rate 7%
$1,449,357
$1.4M
Cap Rate 9%
$1,127,278
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$158.4K $26.40/SF
− Vacancy
−$13.5K −$2.24/SF
EGI
$144.9K $24.16/SF
− OpEx
−$43.5K −$7.25/SF
NOI
$101.5K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,100
Cap Rate 7%
$1,449,357
Cap Rate 9%
$1,127,278
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,455 @ 7.0% cap · market cap 2,536.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $213,084 @ 7.0% cap · market cap 5,327.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Miami Beach, FL
Properties on Market for Retail space in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The storefront sits in a plaza alongside established tenants, with restaurants, banks, schools, and places of worship nearby.
Where is this retail space located?
The property is located at 707 71st St Miami Beach, FL.
What are key features of this property?
This property features: 6,000 square feet of retail space; Built in 1952; Located in a plaza with established neighboring tenants
