Retail Storefront
For Sale
$5,300,000
7111 Biscayne Blvd, Miami, FL 33138
Retail storefront property for sale on Biscayne Boulevard in Miami, Florida.
Property Size5,294 SF
Price / SF$1,001
Days on Market205
Property Features for 7111 Biscayne Blvd
General Information
Standard status
Active
Size
5,294 SF
Property subtype
Retail
Amenities
3
Listing Agency:
(305) 371-3592
Listed By:
The Keyes Company
(786) 306-7647
Source:
Xome
Added: Feb 14
Changed: Sep 1
Last Checked: Sep 7 at 5:50AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
For sale retail storefront property located at 7111 Biscayne Blvd in Miami, Florida (33138). The offering is positioned along the Biscayne Boulevard corridor and is presented as a commercial retail space suitable for an end-user or investor.
The property is part of a broader retail setting, with additional retail and dining activity described in the immediate area within the corridor. As presented, the site’s primary value is its storefront retail presence on Biscayne Boulevard and its availability for purchase by qualified buyers seeking a retail-oriented location in Miami.
The property is part of a broader retail setting, with additional retail and dining activity described in the immediate area within the corridor. As presented, the site’s primary value is its storefront retail presence on Biscayne Boulevard and its availability for purchase by qualified buyers seeking a retail-oriented location in Miami.
Key Highlights
- Retail storefront property for sale on Biscayne Boulevard in Miami, Florida
- Located at 7111 Biscayne Blvd
- Includes 3 guest facilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$172,720
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,454,400
$3.5M
Cap Rate 7%
$2,467,429
$2.5M
Cap Rate 9%
$1,919,111
$1.9M
Market Conditions
NOI Build-Up for 5,294 SF
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.
Gross rent
$275.1K $51.96/SF
− Vacancy
−$28.3K −$5.35/SF
EGI
$246.7K $46.61/SF
− OpEx
−$74.0K −$13.98/SF
NOI
$172.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,454,400
Cap Rate 7%
$2,467,429
Cap Rate 9%
$1,919,111
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,720 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.13M – $4.17M
NOI $250,144 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property for sale on Biscayne Boulevard in Miami, Florida.
Where is this storefront property located?
The property is located at 7111 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Retail storefront property for sale on Biscayne Boulevard in Miami, Florida; Located at 7111 Biscayne Blvd; Includes 3 guest facilities
