Freestanding Building on Bird
For Sale
$2,400,000
7254 Bird Rd, Miami, FL 33155
2,190 SF retail building with high visibility and traffic.
Property Size2,190 SF
Lot Size0.12 Acres
Price / SF$1,095
Days on Market169
Property Features for 7254 Bird Rd
General Information
Standard status
Active
Size
2,190 SF
Lot size
0.12 Acres
Property subtype
Retail - Street Retail
Building Details
Building Size
2,190 SF
Year Built
1974
Listing Agency:
Lee & Associates South Florida
Listed By:
Aida Nolan-Rodriguez · License ##BK3531035
(305) 987-9733
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 9
Last Checked: Sep 9 at 6:12AM
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 Lee & Associates South Florida
Investment Insights
Based on property information with market context.
This 2,190 SF freestanding building is situated on a 0.12-acre lot in West Miami. The property is zoned BU-1A, offering flexibility for various commercial uses. It features a pylon sign, 54 feet of frontage on 40th Street (Bird Road), and six dedicated parking spaces. The location benefits from a Walk Score of 81 and proximity to major retailers such as Target, Best Buy, and Publix. Transportation routes are easily accessible, including a 3-minute drive to the Palmetto Expressway (SR/826), a 5-minute drive to the Don Shula Expressway (SR/874), and 3.8 miles to US-1. The property experiences a high daily traffic count of 64,500 AADT.
Key Highlights
- High daily traffic count of 64,500 AADT ensures maximum visibility.
- Prime retail location with 54 feet of frontage on 40th Street (Bird Road).
- Excellent accessibility to major expressways: Palmetto (SR/826), Don Shula (SR/874), and US‑1.
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
$71,450
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
2.98%
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%
$1,429,000
$1.4M
Cap Rate 7%
$1,020,714
$1.0M
Cap Rate 9%
$793,889
$793.9K
Market Conditions
NOI Build-Up for 2,190 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
$113.8K $51.96/SF
− Vacancy
−$11.7K −$5.35/SF
EGI
$102.1K $46.61/SF
− OpEx
−$30.6K −$13.98/SF
NOI
$71.5K $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%
$1,429,000
Cap Rate 7%
$1,020,714
Cap Rate 9%
$793,889
Alternative Uses
Best Use
Retail
$1.02M
$893.1K – $1.19M
NOI $71,450 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,478 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,505
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - 2,190 SF retail building with high visibility and traffic.
Where is this storefront property located?
The property is located at 7254 Bird Rd Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: High daily traffic count of 64,500 AADT ensures maximum visibility.; Prime retail location with 54 feet of frontage on 40th Street (Bird Road).; Excellent accessibility to major expressways: Palmetto (SR/826), Don Shula (SR/874), and US‑1.
