Retail and Office Showroom
For Sale
$3,700,000
Pending
7305 SW 40th Street, Miami, FL 33155
Retail building with prominent frontage and BU-2 zoning supporting retail, office, showroom, and specialty services.
Property Size4,324 SF
Days on Market76
Property Features for 7305 SW 40th Street
General Information
Standard status
Pending
Size
4,324 SF
Property subtype
Commercial
Zoning
BU-2
Building Details
Year Built
2015
Listing Agency:
APEX CAPITAL REALTY LLC
(305) 570-2600
Listed By:
ADRIANO MASTER SALUCCI · License #A11795691
Source:
Corcoran
Added: Jun 10
Changed: Jul 6
Last Checked: Aug 24 at 3:17AM
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 APEX CAPITAL REALTY LLC
Investment Insights
Based on property information with market context.
This retail property totals approximately 4,300 square feet and is positioned as a flexible building for business and showroom use. Zoned BU-2, the site supports a range of activities, including retail, office, showroom, and specialty services. The offering is presented as an acquisition opportunity for investors and owner-users seeking a versatile commercial asset within an established corridor.
The property is located at 7305 SW 40th Street in Miami, Florida. Public remarks highlight prominent frontage and proximity to major thoroughfares and residential areas, supporting everyday consumer access for compatible uses.
Given the combination of BU-2 zoning and multi-use allowances, the property can fit a variety of tenant requirements where retail presence and an office or showroom component may be useful. For buyers, the zoning flexibility provides options for current occupancy strategies and future reconfiguration within the permitted use range stated in the remarks. Prospective tenants and buyers should confirm specific use eligibility with the applicable local authorities for their intended business plan.
The property is located at 7305 SW 40th Street in Miami, Florida. Public remarks highlight prominent frontage and proximity to major thoroughfares and residential areas, supporting everyday consumer access for compatible uses.
Given the combination of BU-2 zoning and multi-use allowances, the property can fit a variety of tenant requirements where retail presence and an office or showroom component may be useful. For buyers, the zoning flexibility provides options for current occupancy strategies and future reconfiguration within the permitted use range stated in the remarks. Prospective tenants and buyers should confirm specific use eligibility with the applicable local authorities for their intended business plan.
Key Highlights
- Retail property at 7305 Bird Road, built in 2015
- 4,300 SF retail building with prominent frontage
- BU‑2 zoning supports retail, office, showroom, and specialty services
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
$141,073
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
3.81%
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%
$2,821,460
$2.8M
Cap Rate 7%
$2,015,329
$2.0M
Cap Rate 9%
$1,567,478
$1.6M
Market Conditions
NOI Build-Up for 4,324 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
$224.7K $51.96/SF
− Vacancy
−$23.1K −$5.35/SF
EGI
$201.5K $46.61/SF
− OpEx
−$60.5K −$13.98/SF
NOI
$141.1K $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%
$2,821,460
Cap Rate 7%
$2,015,329
Cap Rate 9%
$1,567,478
Alternative Uses
Best Use
Retail
$2.02M
$1.76M – $2.35M
NOI $141,073 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.41M
NOI $204,311 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
Well-served
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
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 building with prominent frontage and BU-2 zoning supporting retail, office, showroom, and specialty services.
Where is this storefront property located?
The property is located at 7305 SW 40th Street Miami, FL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Retail property at 7305 Bird Road, built in 2015; 4,300 SF retail building with prominent frontage; BU‑2 zoning supports retail, office, showroom, and specialty services
