Freestanding Storefront
789 NW 37 Ave, Miami, FL 33125
For Sale
Contact for pricing
The space is leased for cell phone sales and associated with the Total Wireless franchise.
Property Size2,403 SF
Price / SF$2.08
Days on Market146
Property Features for 789 NW 37 Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Sharda Kunath · License #0670268
(305) 490-3730
Source:
Propertysmartre
Added: Jun 17
Changed: Nov 8
Last Checked: Nov 8 at 12:02PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This freestanding storefront in Miami contains 2,403 square feet and is associated with the Total Wireless franchise. The space is used for cell phone sales and has a lease in place.
Key Highlights
- Freestanding building with 2,403 square feet
- Cell phone sales use associated with the Total Wireless franchise
- Lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,400
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,000
$1.6M
Cap Rate 7%
$1,120,000
$1.1M
Cap Rate 9%
$871,111
$871.1K
Market Conditions
NOI Build-Up for 2,403 SF
Gross rent
$124.9K $51.96/SF
− Vacancy
−$12.9K −$5.35/SF
EGI
$112.0K $46.61/SF
− OpEx
−$33.6K −$13.98/SF
NOI
$78.4K $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 Rate 5%
$1,568,000
Cap Rate 7%
$1,120,000
Cap Rate 9%
$871,111
Alternative Uses
Best Use
Retail
$1.12M
$980.0K – $1.31M
NOI $78,400 @ 7.0% cap · market cap 1,568.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,543 @ 7.0% cap · market cap 2,270.86%
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
Location Intelligence
Trade Area within ½ mile
3,174
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Miami, FL
Properties on Market for Storefront properties in Miami
Vacancy Rate% for Retail in Miami, FL
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Frequently Asked Questions
What type of property is this?
Storefront property - The space is leased for cell phone sales and associated with the Total Wireless franchise.
Where is this storefront property located?
The property is located at 789 NW 37 Ave Miami, FL.
What are key features of this property?
This property features: Freestanding building with 2,403 square feet; Cell phone sales use associated with the Total Wireless franchise; Lease in place
