7541 Biscayne Blvd, Miami, FL 33138

Building Details

Building Size 7,791 SF More

Year Built 1952 More

Listing Agency: Gridline Properties

Listed By: Alfredo Riascos · License FL #3210686 Show Phone

Source: Casacollectiongroup

Added: Aug 3 Changed: Nov 2 Last Checked: Nov 12 at 6:15PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,000-square-foot creative space occupies the second floor of a rear building at 7541 Biscayne Blvd. The layout is reached through a private entrance at ground level, with a dedicated staircase leading from the parking area to the unit. Natural light extends throughout the studio, supporting a bright work setting for a creative office, artist studio, or startup workspace.

The property is located in Miami’s MiMo District, behind the main building and near Biscayne Blvd. Established neighboring businesses include Lovely Bride, Kopen Doors, and La Social. Built in 1952, the unit combines a separate access arrangement with a compact studio format suited to users seeking an independent setting within an active commercial corridor.

Key Highlights

• 1,000 SF second‑floor studio in a rear building
• Private ground‑level entrance directly from the parking lot
• Dedicated stair access to the unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$223,504

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,470,080 $4.5M

Cap Rate 7%

$3,192,914 $3.2M

Cap Rate 9%

$2,483,378 $2.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 7,791 SF

Gross rent

$350.6K $45.00/SF

− Vacancy

−$52.6K −$6.75/SF

EGI

$298.0K $38.25/SF

− OpEx

−$74.5K −$9.56/SF

NOI

$223.5K $28.69/SF

Area

Miami, FL

Vacancy

15.00%

Lease Rate

$45.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,470,080

Cap Rate 7%

$3,192,914

Cap Rate 9%

$2,483,378

Alternative Uses

Best Use

Office B

$3.19M

$2.79M – $3.73M (±1% cap)

NOI $223,504 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$5.26M

$4.60M – $6.14M (±1% cap)

NOI $368,128 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Creative space

Suggested Use

Top Pick Dental Office Electrical Service Nursing Home (Bike/Boat/Book/etc) Store Locksmith Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,763

Businesses Nearby

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

Average Price Trend$/SF for Creative space in Miami, FL

$472 Jul

$549 Aug

$275 Sep

$266 Oct

Properties on Market for Creative space in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Miami, FL

12.4% 2019

16.3% 2020

17% 2021

16.1% 2022

15% 2023

16.1% 2024

15.2% 2025

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Frequently Asked Questions

What type of property is this?

Creative space - A private entrance and dedicated stairway provide independent access from the parking area.

Where is this creative space located?

The property is located at 7541 Biscayne Blvd Miami, FL.

What are key features of this property?

This property features: 1,000 SF second‑floor studio in a rear building; Private ground‑level entrance directly from the parking lot; Dedicated stair access to the unit