Multi-Bay Retail
730 71st St, Miami Beach, FL 33141
For Sale
Contact for pricing
Flexible bay configurations can accommodate retail or restaurant operations, with storefront and grease-trap improvements available.
Property Size7,166 SF
Price / SF$0.01
Days on Market9
Property Features for 730 71st St
General Information
Standard status
Size
Property subtype
Additional Details
Frontage
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Upside Partner, LLC.
Listed By:
Marcos Macias Gonzalez · License #3449612
(786) 578-5603
Source:
Casacollectiongroup
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 3:12PM
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 Upside Partner, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 7,166-SF property, built in 1949, is configured for up to six retail or restaurant bays. Individual spaces range from 772 SF to 1,645 SF, and bays may be combined. Storefront improvements and grease-trap connections can be provided.
The property has 100 feet of frontage on 71st Street in North Beach, Miami Beach. More than 1,500 residential units are in the nearby development pipeline.
The property has 100 feet of frontage on 71st Street in North Beach, Miami Beach. More than 1,500 residential units are in the nearby development pipeline.
Key Highlights
- Up to six bays, ranging from 772 SF to 1,645 SF; units may be combined
- Approximately 7,166 SF in total
- 100 feet of frontage on 71st Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,171
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,423,420
$2.4M
Cap Rate 7%
$1,731,014
$1.7M
Cap Rate 9%
$1,346,344
$1.3M
Market Conditions
NOI Build-Up for 7,166 SF
Gross rent
$189.2K $26.40/SF
− Vacancy
−$16.1K −$2.24/SF
EGI
$173.1K $24.16/SF
− OpEx
−$51.9K −$7.25/SF
NOI
$121.2K $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%
$2,423,420
Cap Rate 7%
$1,731,014
Cap Rate 9%
$1,346,344
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,953 @ 7.0% cap · market cap 275,906.00%
Second Best
Retail
$1.73M
$1.51M – $2.02M
NOI $121,171 @ 7.0% cap · market cap 242,342.00%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,493 @ 7.0% cap · market cap 508,986.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$434,500
Median Home Value
Market
Average Price Trend$/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 - Flexible bay configurations can accommodate retail or restaurant operations, with storefront and grease-trap improvements available.
Where is this retail space located?
The property is located at 730 71st St Miami Beach, FL.
What are key features of this property?
This property features: Up to six bays, ranging from 772 SF to 1,645 SF; units may be combined; Approximately 7,166 SF in total; 100 feet of frontage on 71st Street
